Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Fiat Chrysler’s decision to scrap its dividend marks another setback for plans by the Agnelli family’s Exor arm to raise cash after a $9 billion...
IAG’s Walsh says Britain is throttling a travel recovery
Britain’s quarantine plans and a minister’s comment that big foreign holidays were unlikely this year are seriously hindering any travel recovery, said Willie Walsh the...
Uber offer for Grubhub fans worries over delivery fees charged to restaurants
The possibility that Uber Technologies Inc , which runs Uber Eats, could acquire Grubhub Inc is reigniting some restaurants’ worries over the commissions charged to...
Trump says he’s very disappointed in China-Fox Business Network
U.S. President Donald Trump on Thursday said he was very disappointed in China after the novel coronavirus broke out soon after the two countries agreed...
Futures dip on fears of prolonged economic downturn
U.S. stock index futures edged lower on Thursday following two sessions of sharp declines, as investors worried that the current economic downturn maybe be here...
JPMorgan’s U.S. credit card holders spent 40% less due to coronavirus
Credit card spending among some of JP Morgan Chase & Co’s U.S. customers fell 40% during March and early April compared to last year, as...
Stocks drop for third day as recovery hopes falter
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never...
BMW CEO sees ‘very slow’ U.S. recovery after corona rebound in China
BMW on Thursday said China sales of luxury passenger cars rebounded in April but the German premium car and motorbike manufacturer cautioned that other markets...
Storm clouds gather over U.S. stocks as hopes of quick recovery fade
A lightning-quick rally in U.S. equities is showing cracks, as investors face mounting evidence that the economy’s coronavirus-fueled woes may be far longer-lasting than many...
Clariant sticks to extra $1 billion payout, scrubs dividend in crisis
Clariant is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still...