Thyssenkrupp steel workers open to consolidation talks – labor boss
Thyssenkrupp’s powerful labor representatives are open to consolidation talks in the steel sector, a leading union official told Reuters on Monday....
Brent at one-month high, U.S. oil tops $30 as restrictions ease
Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by...
SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’
Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting...
Total calls off plan to buy Occidental Petroleum’s Ghana asset
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other...
SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater
Japan’s SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets...
Panasonic annual profit slides, but Tesla battery venture logs second quarterly gain
Japan’s Panasonic Corp posted on Monday a 29% drop in annual operating profit amid the coronavirus outbreak but said its battery cells joint venture with...
Oil prices rise more than $1 ahead of June WTI contract expiry
Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing...
U.S. auto industry to begin reopening plants in recovery from pandemic
The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers gearing up in support as...
What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?
Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind...
SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom: WSJ
SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street...