Coronavirus pushes China to show mercy rather than pursue companies in court
Fearful of causing further harm to an economy laid low by the coronavirus epidemic, authorities in China have become a lot more lenient dealing with...
Audi’s Hungarian plant to halt production on Monday
Volkswagen Group’s Audi brand will halt output at its plant in Hungary on Monday, the factory said, after Volkswagen announced a suspension of production at...
Volkswagen starts shutting down production in Europe in face of coronavirus
Volkswagen Group will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its...
Surging borrowing costs, vanishing buyers: more pain ahead for European junk bonds
Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could...
Oil prices fall below $30-per-barrel on recession fears, Saudi pump war
Oil prices fell below $30 per barrel on Tuesday, extending losses after shedding a tenth of their value on Monday, as the coronavirus pandemic hit...
Stocks shaky after worst Wall Street crash since 1987
World share markets and oil prices struggled on Tuesday after coronavirus panic caused Wall Street’s worst one-day rout since the Black Monday crash of 1987....
Factbox: Global oil, gas producers slash spending after price rout
Oil and gas companies around the world are planning to slash spending in the face of a plunge in oil prices caused by the spread...
‘Single biggest shock’: Aviation battles coronavirus cash crunch
Boeing and other U.S. aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the...
Oil prices jump over $1 as sharp falls draw bargain buyers
Oil rose more than $1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between...
Renault halts Spain operations after state of emergency declared
French carmaker Renault said on Tuesday that it was halting operations in Spain following the declaration of a state of emergency there in light of...