Nokia appoints Fortum CEO Lundmark to replace Suri from September
Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and...
Hyundai reports lowest monthly sales in decade as virus dents demand
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major...
Coronavirus expected to hurt U.S. earnings harder and longer
The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict....
Hyundai Motor’s February sales down 13% amid coronavirus outbreak
South Korea’s Hyundai Motor said on Monday its sales fell 13% on-year to 275,044 vehicles globally in February amid a coronavirus outbreak that disrupted supply...
Oil comes off lows as hopes of OPEC cut, stimulus counter virus gloom
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC...
HNA Group-controlled companies’ shares rise after government help sought
Shares in HNA Group-controlled companies rose on Monday after the Chinese aviation and tourism conglomerate said it had asked the government to help it resolve...
Amazon confirms two employees in Italy have contracted coronavirus
Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine....
Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact
Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from...
Implied yield on U.S. 10-Year treasury futures trading below 1% for first time
The implied yield on U.S. 10-Year Treasury futures traded below 1% for the first time, as investors grew increasingly unnerved by the spread of coronavirus....
Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting
Goldman Sachs economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps before its next scheduled meeting in two weeks time,...