Oil falls below $57 on coronavirus hit to demand, OPEC+ delay
Oil fell to below $57 a barrel on Tuesday, pressured by concerns over the impact of the coronavirus outbreak in China on oil demand and...
Apple hits stocks, euro near three-year low
World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak....
Alstom shares fall after its $6.7 billion Bombardier rail deal
Alstom shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier for up to 6.2 billion euros ($6.7...
French finance minister warns Renault against job cuts, factory closures
French Finance Minister Bruno Le Maire warned Renault on Tuesday against shutting factories in France and cutting jobs there, after the carmaker announced “no taboos”...
Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak
Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue, hurt by a fall in bookings in Hong Kong due...
China to grant tariff exemptions on 696 U.S. goods to support purchases
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks...
HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European...
Boy Scouts of America files for bankruptcy amid challenges over lawsuits alleging abuse
The Boy Scouts of America, one of the largest youth organizations in the United States, has filed for Chapter 11 bankruptcy protection as it faces...
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling...
Recession risk forces BOJ to row back on inflation goal
The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no...