IHS slashes 2020 global light vehicle sales outlook on coronavirus hit
Data firm IHS Markit sharply lowered its 2020 forecast for global light vehicle sales on Tuesday and warned that the United States will take the...
Top U.S. House Republican confirms deal reached on small business loan bill
The top Republican in the U.S. House of Representatives said on Tuesday that a deal had been reached to replenish funding for an emergency program...
Dash for emergency cash provokes fund industry backlash
As companies pull the emergency cash cord to help them through the coronavirus crisis, shareholders have been split by an easing of the rules to...
Chinese electric vehicle maker BYD’s profit slumps after subsidy cuts
Chinese electric vehicle maker BYD Co Ltd , reported on Tuesday a 42% drop in 2019 profit, saying cuts in government subsidies and emissions rules...
Germany’s BaFin fines BlackRock for late filing of voting rights
The German financial markets watchdog BaFin said on Tuesday it had fined BlackRock Investment Management (UK) Ltd 744,000 euros ($809,000) for failure to file voting...
U.S. existing home sales dive; prices still strong
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought...
U.S. could see biggest ever second-quarter GDP decline: White House adviser Hassett
White House economic adviser Kevin Hassett said on Tuesday the current dip of negative oil prices is due to a “very short-run thing” – the...
UK made a firm decision on Huawei in 5G: foreign ministry’s top official
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as...
Chinese EV maker BYD profit down 42% in 2019, under pressure from subsidy cut
Chinese electric vehicle maker BYD Co Ltd , , which is backed by U.S. investor Warren Buffett, on Tuesday reported a 41.9% drop in 2019...
Battered consumer confidence to slow airlines’ recovery: IATA
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector’s main global body warned on Tuesday, citing bleak new...