April 23, 2020

For SoftBank’s Son, coronavirus turns vision to illusion

SoftBank Group Corp founder Masayoshi Son’s dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund […]
April 23, 2020

Detroit automakers, UAW to continue talks over reopening U.S. plants

The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit’s Big Three automakers to safely restart U.S. production halted by the coronavirus […]
April 23, 2020

Kia Motors to halt operations at two domestic factories on some days in April, May: union

South Korean automaker Kia Motors plans to suspend operations at two of its domestic factories from April 27 to May 10 and again between May 22 […]
April 23, 2020

Dollar up against commodity currencies but oil rebound tempers safety bid

The dollar edged higher against the currencies of oil producers on Thursday as a rebound in crude prices from an unprecedented collapse only partially calmed markets […]
April 23, 2020

Oil rises for second day as producers trim output to respond to demand loss

Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages […]
April 23, 2020

Asia stocks pull ahead on U.S. stimulus, oil rebound

Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise of more U.S. government aid […]
April 22, 2020

Daimler earnings plunge as coronavirus hammers vehicle sales, production

German’s Daimler AG said on Thursday it expected to report a near 70% plunge in a key first-quarter earnings figure, as demand for its Mercedes-Benz cars […]
April 22, 2020

Las Vegas Sands predicts speedy recovery in Asia on pent-up gambling demand

Las Vegas Sands Corp on Wednesday posted a first-quarter loss as the coronavirus kept consumers at bay, but the casino operator struck an optimistic note as […]
April 22, 2020

Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout

Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall […]
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