Citi defies coronavirus with Western European corporate lending push
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a...
Ford’s China ventures increase May sales as market rebounds
Ford Motor’s China ventures have reported year-on-year sales growth for May in a sign of how the world’s biggest auto market is continuing its recovery...
LVMH says it is not considering buying Tiffany shares via the market
LVMH said on Thursday it did not plan to buy shares in Tiffany on the market, which would be one way for the French luxury...
German auto stimulus to boost Volkswagen’s electric push
Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen’s electric push while staggered taxes for polluting combustion-engined...
Pandemic exposes cracks in oil majors’ bet on plastic
The energy industry’s bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated...
Carnival’s Princess Cruises extends suspension of some voyages
Carnival Corp’s Princess Cruises on Thursday extended the suspension of some of its voyages in Australia, Canada and Taiwan as ports around the world remain...
China eases flight curbs after United States targets its carriers
China said it will ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington vowed to bar Chinese airlines...
Asian stocks reach two-month high on economic recovery hopes
Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global...
Oil refineries, offshore drillers face hurricane challenges amid pandemic
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said...
Oil prices fall on doubts over output cuts, surging U.S. diesel inventories
Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend...