May 22, 2020

Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo

Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese […]
May 22, 2020

Renault could disappear and must adapt: French finance minister

Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire […]
May 22, 2020

Banks pursue Luckin Coffee chairman’s assets after loan default

The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for […]
May 22, 2020

Vodafone names Heineken’s Van Boxmeer as new chairman

Vodafone , the world’s second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from […]
May 22, 2020

China’s biggest automaker expects domestic car sales to pick up in second quarter

China’s biggest automaker SAIC Motor expects the nation’s auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its […]
May 22, 2020

Roche buys U.S. gene sequencing tech company Stratos Genomics

Pharmaceutical group Roche has acquired U.S.-based Stratos Genomics to further develop DNA-based sequencing for diagnostic use, it said on Friday. Powered by WPeMatico
May 22, 2020

Why bond investors are willing to bet on money-losing Pemex after oil price crash

Mexico’s state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about […]
May 22, 2020

Rudderless after a rally, stock markets look for next catalyst

Global equity markets have shuffled up about 1% this month despite the world starting to re-open after the coronavirus-driven lockdowns and U.S. and European economic data […]
May 22, 2020

Oil falls as China omits 2020 growth target amid pandemic

Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will […]
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