Stocks pause before key EU meeting on coronavirus aid
Caution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of...
Volkswagen making masks in China for its staff at European plants
Volkswagen AG is making masks in China for distribution to Volkswagen plant employees in Europe, the German automaker said on Thursday as it prepares to...
Renault seeks state-backed loan to build cash buffer
Renault is in talks with the French government to secure a state-backed loan worth several billion euros to shore up its liquidity during the coronavirus...
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...