Dollar slips against commodity currencies as Brent surges
The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets...
UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay
Aston Martin said on Thursday it plans to restart its St Athan factory in south Wales on May 5 and will also resume operations at...
Oil surges as producers trim output to respond to demand loss
Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while...
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand
South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the...
Volvo beats first-quarter forecasts but warns of truck order cancellations
Sweden’s AB Volvo on Thursday warned of weakening truck demand despite reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales....
Air France-KLM CEO bonus incompatible with state aid: Dutch Finance minister
Air France-KLM must scrap all of Chief Executive Ben Smith’s bonus payments for this year if it wants to secure state aid, Dutch Finance minister...
Truck maker Volvo profit falls less than expected amid pandemic pain
Sweden’s AB Volvo reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and...
Credit Suisse warns over coronavirus uncertainties after first-quarter earnings beat
Credit Suisse Group AG posted a 75% rise in first-quarter net profit on Thursday, even as it cautioned the global coronavirus pandemic could impact performance...
Truck maker Volvo first-quarter profit falls less than expected
Swedish truck maker AB Volvo reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been...
Renault’s first-quarter sales fall, outlook still unclear
French carmaker Renault on Thursday posted a 19.2% drop in first-quarter revenue to 10.13 billion euros ($10.97 billion), and said it was still too early...