May 11, 2020

Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact

Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited […]
May 11, 2020

Roche’s U.S. gRED research head to retire, be replaced by MIT’s Regev

Roche said Monday it has hired a Massachusetts Institute of Technology (MIT) professor as the new head of the Swiss drugmaker’s U.S. research arm that was […]
May 11, 2020

Stocks rise as more economies emerge from lockdown

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up […]
May 11, 2020

Coronavirus sows doubt over bitcoin’s rally after third ‘halving’

As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected […]
May 11, 2020

LafargeHolcim’s deal to sell Philippines business collapses

LafargeHolcim’s deal to sell its Philippines business, valued at $2.15 billion, has failed after the country’s competition authority did not give approval in time. Powered by […]
May 11, 2020

As U.S. meat workers fall sick and supplies dwindle, exports to China soar

U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and died. Yet the […]
May 11, 2020

Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply […]
May 11, 2020

For central banks, hope for precision fades amid pandemic uncertainty

Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by […]
May 11, 2020

Chinese investment in U.S. drops, pandemic to weigh on this year’s bilateral flows: report

Chinese direct investment in the United States dropped to the lowest level since 2009 last year amid bilateral tensions, and the COVID-19 pandemic will continue to […]
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