Mitsubishi Motors’ full-year profit slumps 89%
Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit...
Tesla’s China car registrations plunge 64% month-on-month in April
U.S. electric vehicle maker Tesla Inc suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy...
Thyssenkrupp CEO: no taboos in steel consolidation plans
Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, with options ranging from selling a majority to buying...
Oil gains for fourth day on signs of output cuts, better demand
Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked...
Auto industry key part of Italy GDP, fair to support FCA if creates jobs: minister
The auto industry represents a significant share of Italy’s economy and it’s right to support those who create jobs in the country, Deputy Economy Minister...
Asia shares rally on vaccine hopes, oil retreats after early gains
Asian shares extended gains on Tuesday as more countries emerged from their economic lockdowns and a successful early-stage trial of a coronavirus vaccine cheered sentiment,...
Regulator asks for Credit Suisse directors’ mobile data in spy inquiry: sources
Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part of a probe...
Trump signs deal with company in effort shift drug manufacturing to U.S.: New York Times
The United States will announce on Tuesday that it has signed a $354 million contract with a company to make generic medicines and pharmaceutical ingredients...
Powell, Mnuchin to face Senate grilling on U.S. coronavirus response
The U.S. government’s handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and...
Long-lasting global recession likely due to COVID-19, says World Economic Forum report
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday....