German watchdog conducts multiple investigations into Wirecard
Germany’s financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard ....
U.S. Congress to quiz bank regulators on coronavirus rule-easing, assistance
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they...
Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming...
China’s Tesla wannabes risk running out of road in virus-stricken times
Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the...
Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank
German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due...
Toyota sees 80% profit drop as virus wipes $14 billion off car sales
Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan’s biggest automaker grapples with...
U.S. federal court to consider payout suit brought by RBS whistleblower
The U.S. Second Circuit Appeals Court will on Tuesday consider arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department...
ArcelorMittal offers $2 billion of shares, convertibles at discount
ArcelorMittal , the world’s largest steelmaker, is issuing $2 billion of shares and convertible notes at a deep discount to accelerate debt reduction plans that...
Honda profits shrink to four-year low, coronavirus clouds outlook
Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current year because...
Popeyes sticks to China expansion plan in spite of virus
Fried chicken chain Popeyes is forging ahead with the opening of its first outlet in China despite the coronavirus outbreak and plans to set up...