Nissan plans to slash Japan May car output by 78% vs last year, June: documents
Japan’s Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the...
U.S. oil plunges, Brent below $20 a barrel on storage, economic woes
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic....
Shares rise on lockdown easing hopes; oil drops
Global stock markets rose on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of...
Buffett and Abel, but not Munger, to field questions at Berkshire annual meeting
Warren Buffett’s Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice...
Europe restarts car factories amid uncertain demand
German carmaking giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in...
Imperial’s premium cigar era draws to $1.33 billion end after slow burn sale
Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro ($1.33 billion) sale of hand-rolled makes including...
U.S. banks gird for mad grab of another $310 billion in new small business aid
U.S. banks were girding on Monday for another chaotic dash to grab $310 billion in fresh small business aid due to be released by the...
Wall Street set to rise as U.S. starts to reopen, Boeing gains
Wall Street was set to rise at the open on Monday as more states prepared to lift coronavirus-induced curbs and Boeing gained after pulling out...
Thai Airways to press ahead with maintenance facility after Airbus withdraws
State-owned Thai Airways International Pcl will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus dropped...
Brazil’s Embraer files arbitration proceedings against Boeing after deal collapse
Brazil’s Embraer SA has already begun an arbitration process against Boeing Co , its CEO said on Monday, after the U.S. planemaker canceled a $4.2...