Mitsubishi Motors to cut costs after slump in annual profit
Mitsubishi Motors Corp will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual...
Home Depot reports over 6% rise in same-store sales
Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies...
Deutsche Boerse chief says plans to fulfil his term as CEO
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term through the end of 2024 at the helm of...
JPMorgan hands out $30 billion in loans to small businesses: memo
JPMorgan Chase & Co has given out more than $30 billion in loans to over 250,000 businesses as part of the United States’ coronavirus aid...
Deutsche Boerse chief says plans to fulfill his term as CEO
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term at the helm of the stock exchange operator....
‘Nothing off-limits’: Thyssenkrupp could sell steel business in historic shift
Thyssenkrupp could sell most of its steelmaking division, its CEO said on Tuesday, marking a historic reversal in strategy for the German conglomerate which has...
Oil gains on signs of output cuts, improved demand
Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing...
Mitsubishi Motors’ annual profit tumbles, refrains from issuing forecast
Mitsubishi Motors Corp posted on Tuesday an 89% drop in annual operating profit for its weakest performance in three years and skipped the year-end dividend,...
Euro, Italian bonds cheer EU recovery fund plan
The euro and Italian government bonds continued on Tuesday to cheer German- and French-led plans for a 500 billion euro EU coronavirus recovery fund, though...
Abu Dhabi’s Etihad cuts hundreds of jobs: sources
Abu Dhabi’s Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to ground flights, according...