European banks should halt 2020 dividends due to epidemic: trade body
Banks should halt 2020 dividend payments to preserve capital and keep lending to businesses and households until the impact of the coronavirus epidemic is clearer,...
India’s Tata Motors to separate passenger vehicles division
Indian automaker Tata Motors Ltd said on Friday it would spin out its passenger vehicles business into a separate unit within the company, as a...
Futures fall after strong three-day rally as virus threat continues
U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the...
Morgan Stanley receives approval for majority stake in China venture: sources
Morgan Stanley has received regulatory approval to take a majority stake in its China securities joint venture, people with knowledge of the matter said, as...
European shares fall as investors take stock of spreading virus
European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus...
Alitalia asks to put more workers under layoff scheme-document
Alitalia’s administrator has asked the Italian government to increase the number of employees under temporary lay-off scheme to nearly 7,000, a document showed, to help...
China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown
China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through...
Volkswagen urges ECB to buy short-term debt to stabilize markets: FT
Volkswagen’s chief financial officer called on the European Central Bank (ECB) to accelerate purchases of short-term debt, the Financial Times reported on Friday....
Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
Toyota Motor Corp has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as fund-raising costs...
Mini-bull, tired bear, or something in-between
Investors could be forgiven for doing a double-take: Wait, we’re back in a bull market?...