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...
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car 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...
Hyundai Motor first-quarter profit slides 44%, far below forecasts, as coronavirus hits demand
South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% from a year earlier as the spreading coronavirus outbreak hit demand for...
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual...
Record U.S. jobless claims wipe out post-Great Recession employment gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom...
Detroit automakers, UAW to continue talks over reopening U.S. plants
The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit’s Big Three automakers to safely restart U.S. production halted by the...
Dollar up against commodity currencies but oil rebound tempers safety bid
The dollar edged higher against the currencies of oil producers on Thursday as a rebound in crude prices from an unprecedented collapse only partially calmed...
Oil rises for second day as producers trim output to respond to demand loss
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak...