April 27, 2020

Adidas misses forecasts with 93% profit plunge, warns on sales

Adidas reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced […]
April 27, 2020

Adidas expects sales to fall at least 40% in second quarter

German sportswear firm Adidas expects to take a bigger hit from the coronavirus lockdowns in the second quarter, predicting that sales will fall more than 40% […]
April 27, 2020

Asia shares rally as BOJ buys more bonds; U.S. crude skids

Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while oil […]
April 27, 2020

Oil falls, June WTI leads losses on storage fears

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully […]
April 27, 2020

Taper Tantrum II? Fed’s slowing Treasury purchases may boost bond yields

The Federal Reserve’s gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government debt […]
April 27, 2020

U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi

A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under […]
April 27, 2020

Australia’s NAB taps investors for $2.2 billion as coronavirus halves profit

National Australia Bank Ltd , the country’s No.3 lender, asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend on Monday as its first-half profit […]
April 27, 2020

Many U.S. businesses unlikely to seek government aid: NABE survey

A majority of U.S. companies expect to stay afloat for more than six months without government assistance, according to a survey on Monday, even though the […]
April 27, 2020

Starbucks says in partnership with Sequoia Capital China for investments

Starbucks on Monday said it has entered a strategic partnership with investment firm Sequoia Capital China that will see the two companies make strategic co-investments in […]
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