SoftBank record loss estimate renews asset sale focus
SoftBank Group Corp’s estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention...
Car parts group Valeo drops 2020 targets, gets 1 billion euros of new credit lines
French car parts group Valeo abandoned its 2020 financial targets on Tuesday because of the hit to its business from the coronavirus outbreak, although it...
British clothing retailer Next to reopen online business
British clothing retailer Next said on Tuesday it would reopen its online business having implemented “very extensive” additional safety measures to cope with the coronavirus...
Administrators of NMC Health revamp company’s board
The administrators of troubled hospital operator NMC Health have announced a new board for the London-listed company that brings in four new non-executive directors with...
Renault sells its stake in Chinese joint venture to partner Dongfeng Motor
French carmaker Renault said on Tuesday it was selling out of its stake in a Chinese joint venture with Dongfeng Motor Corporation to Dongfeng, which...
Julius Baer to postpone AGM, propose split dividend
Swiss wealth manager Julius Baer will propose splitting its 2019 dividend payment into two halves following a regulatory request, it said on Tuesday, postponing by...
Apple shipped 2.5 million iPhones in China in March following virus slump: government data
Apple Inc shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according...
Oil rises amid hopes for quick decline in U.S. shale output
Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world’s biggest crude producer would...
Asia shares jump but pandemic hangs heavy over outlook
Asian stocks bounced on Tuesday on hopes the coronavirus outbreak may be peaking, though sentiment was cautious ahead of Chinese trade data and corporate earnings...
British American Tobacco under criminal probe by U.S. regulators: The Times
Lucky Strike cigarette maker British American Tobacco is under criminal investigation by U.S. regulators over suspected sanctions-busting, The Times reported https://bit.ly/2ydR5Wm on Tuesday....