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...
Vodafone keeps dividend as pandemic hits roaming, but boosts data
Vodafone kept its dividend on Tuesday, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis, as the world’s second-biggest mobile...
Germany’s BaFin conducting multiple investigations into Wirecard: president
Germany’s financial watchdog said on Tuesday that it was looking very closely at developments surrounding German payments company Wirecard ....
Saudi Aramco first-quarter net profit slides 25% as oil prices tumble
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in...