UniCredit renews commitment to boosting shareholder returns: chairman
UniCredit remains strongly committed to increasing returns for investors in Italy’s biggest bank, its chairman said, following a decision to suspend dividend payments and a...
May is crunch time for U.S. auto suppliers amid coronavirus shutdown
Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years....
Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs
A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs...
Oil prices rise on hopes OPEC+ will agree supply cuts
Oil prices rose on Thursday on expectations the world’s leading crude producers will overcome obstacles at a meeting later in the day that have so...
UBS CEO: executives to contribute half of fixed salaries to virus fight
UBS senior executives will contribute 50% of their fixed salaries over the next six months to efforts to fight the new coronavirus epidemic, Chief Executive...
Virgin Australia grounds almost all domestic flights, seeks government aid
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues...
Saudi, Russia debate record oil cut as U.S. resists action
OPEC and Russia will debate record oil output cuts on Thursday to prop up prices wrought by the coronavirus pandemic but their talks are complicated...
Saudi, Russia to lead oil output talks as U.S. resists cut
OPEC and other oil producers led by Russia will discuss their largest ever output cut on Thursday in talks complicated by recent animosity and U.S....
Oil prices rise on optimism OPEC+ meeting will result in supply cut
Oil prices rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as...
UBS and Credit Suisse bow to regulator pressure on dividends
Swiss banks UBS and Credit Suisse will postpone paying out part of their 2019 dividends until later this year after mounting pressure from authorities over...