U.S. leading indicator points to deep economic slump
A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump...
Exclusive: Chinese-backed owners commit to UK HQ for Imagination Tech – source
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom, a source with...
BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans
Bank of England Governor Andrew Bailey told Britain’s banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow...
Exclusive: IKEA aims to start reopening stores in Europe in May
IKEA store owner Ingka Group, the world’s biggest furniture retailer, aims to start reopening shops in Europe in May after closures and sliding demand due...
Crude oil held in sea storage hits new record at 160 million bbls: sources
Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to...
Nasdaq proposes easing listing rules during coronavirus crisis
Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock prices and...
Vienna Airport launches savings program, cancels 2019 dividend
Vienna Airport launched a savings programme equivalent to a quarter of annual revenue on Friday in response to the travel falloff caused by coronavirus and...
Gilead’s shares rise on report of experimental drug’s promise in COVID-19
Shares of Gilead Sciences Inc rose 10% in early trading on Friday after a report that patients with COVID-19 treated with the company’s experimental drug,...
Oil mixed as Chinese data offsets Trump plans to ease lockdown
Oil prices were mixed on Friday as China’s worst quarterly economic contraction on record offset President Donald Trump’s plans to revive the U.S. economy....
Volkswagen China boss sees sales in China on recovery course
Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was...