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...
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...
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...