Volkswagen withdraws 2020 outlook after renvenue drop 8% in first quarter
Volkswagen Group on Thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused a fall in...
Barrick expects drop in first-quarter gold production
Barrick Gold Corp said on Thursday it expects first-quarter gold production of 1.25 million ounces, lower than its output in the year-ago period....
Daimler/BMW’s ‘FREE NOW’ service to restructure, integrate French app Kapten
The ‘FREE NOW’ taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled...
Options markets send cautiously bullish signal on U.S. stock rally
As Wall Street stocks pause for breath following a blistering three-week surge, signals from the options market are suggesting that some investors believe the gains...
Uber Eats sees grocery orders jump in locked down Europe
Uber Eats said orders for grocery delivery on its platform jumped 59% across Europe in March compared with February as countries locked down to fight...
Dollar perched at one-week highs before U.S. jobless data
The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data likely to provide more evidence of the...
BlackRock assets, profits sink as investors pull funds
The world’s biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money...
Futures gain ahead of earnings reports, jobless claims
U.S. stock index futures edged higher on Thursday, with investors weighing the prospects of the economy re-opening against worsening macroeconomic data and dour first-quarter earnings...
BlackRock quarterly profit falls 23%
BlackRock Inc , the world’s largest asset manager, reported a 23% drop in quarterly profit, as investors pulled money out of its marquee funds and...
Ford’s first-quarter China vehicle sales down 35% as coronavirus hits demand
Ford Motor Co said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to...