China’s JD.com to buy back $2 billion shares
China’s JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares, after the e-commerce company estimated a growth in...
L Brands temporarily closes stores, draws down $950 million from existing credit line
L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria’s Secret, in the...
Volkswagen suspends production as coronavirus hits sales
Volkswagen Group , the world’s biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the...
Volkswagen says diesel scandal has cost it 31.3 billion euros
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows...
Oil near $30 as recession fears, pump war weigh
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic...
Ventas sees slowdown in move-ins to senior housing facilities amid coronavirus pandemic
Ventas Inc said on Tuesday it was experiencing a slowdown in move-ins at its senior housing business and that the coronavirus pandemic raises the risk...
Futures point higher after Wall Street’s steepest plunge since 1987
U.S. stock index futures rose in volatile trading on Tuesday, a day after Wall Street’s steepest fall since 1987, as drastic efforts to contain the...
China’s JD.com to buy back $2 billion shares amid coronavirus fears
China’s e-commerce company JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares as the coronavirus outbreak grows bigger....
Oil falls to $30 on recession fears and Saudi pump war
Oil fell below $30 a barrel on Tuesday, trading close to its lowest in more than four years, as the coronavirus pandemic hit demand and...
Glencore charters world largest tanker to store crude at sea: sources
Trading house Glencore has chartered the 3 million barrel crude carrier ‘Europe’ to store oil at sea for at least 6 months, trading sources on...