U.S. opposes massive liquidity IMF boost: Mnuchin
The United States opposes creation of liquidity through issuance of the International Monetary Fund’s Special Drawing Rights (SDRs) as part of the response to the...
VW ditches outlook after COVID-19 hammers first-quarter profit
Germany’s Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop...
Airbus says has received many requests to defer deliveries
Airbus said on Thursday it had received multiple requests from customers to defer deliveries after travel demand collapsed due to the coronavirus epidemic....
U.S. weekly jobless claims top 5.2 million in latest week
Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which...
Lockdown easing hopes lift futures ahead of jobless claims
U.S. stock index futures edged higher on Thursday, as hopes President Donald Trump would ease strict stay-at-home restrictions lifted the mood even as investors braced...
Abbott beats quarterly profit, but pulls forecast on coronavirus concerns
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast...
Barrick expects 8.5% drop in first-quarter gold output
Barrick Gold expects a 8.5% drop in first-quarter gold production, it said on Thursday, as the COVID-19 pandemic forced miners to scale back operations and...
EasyJet says it can ride out nine-month shutdown and slow recovery
EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and is planning for a slow recovery, the British...
Founder of easyJet calls for CEO and chairman to go
The founder and biggest shareholder of easyJet said he would call for the removal of the low cost airline’s chief executive and chairman in an...
Morgan Stanley profit plunges as dealmaking hit by pandemic
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout...