IKEA says visitors returning fast to reopened shopping centres in China and Germany
Furniture brand IKEA’s main retail vehicle said on Friday shoppers were returning quickly to its shopping centres after it reopened three in China last week,...
Oil heads for steep weekly slide after coronavirus turmoil
Oil prices rose on Friday but headed for their third weekly loss as production shutdowns failed to keep pace with sliding demand due to the...
Verizon pulls 2020 revenue view as it loses wireless subscribers
Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter...
HSBC to push on with overhaul ‘wherever possible’ despite crisis
HSBC will press ahead with plans to reallocate capital from underperforming businesses, cut costs and strip out layers of management, despite problems caused by the...
AmEx quarterly profit plunges 76%
Credit card issuer American Express Co posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses...
Eight Thai airlines seek $770 million government assistance
Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outbreak,...
Big Oil investors to look past earnings pain and focus on dividends
Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and...
Futures rise at the end of stormy week
U.S. stock index futures gained on Friday with bargain hunters returning at the end of a tumultuous week marked by a record collapse in oil...
Here’s why you can’t find frozen fries, while U.S. farmers are sitting on tons of potatoes
Shopper Lexie Mayewski is having a hard time finding frozen french fries in Washington, D.C.-area supermarkets in the wake of coronavirus-fueled stockpiling....
Stocks fall on worries over EU stimulus details, coronavirus drug
Global shares fell on Friday, spurred by delays to an agreement on divisive details of the European Union’s stimulus package and doubts about progress in...