May 12, 2020

China announces new tariff waivers for some U.S. imports

China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, […]
May 12, 2020

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 “a […]
May 12, 2020

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 operator […]
May 12, 2020

Honda says has enough cash but may issue bonds if new coronavirus waves hit

Honda Motor Co has enough cash on hand, equivalent to almost two months of sales, to weather the downturn caused by the coronavirus pandemic, but may […]
May 12, 2020

Thyssenkrupp warns of massive third-quarter loss as COVID-19 adds to pain

German conglomerate Thyssenkrupp on Tuesday warned its operating loss could swell to 1 billion euros ($1.1 billion) in the current quarter citing the coronavirus pandemic. Powered […]
May 12, 2020

Thyssenkrupp CFO: we don’t have a liquidity problem

Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from […]
May 12, 2020

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 . Powered by WPeMatico
May 12, 2020

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 line […]
May 12, 2020

Thyssenkrupp second-quarter loss widens as coronavirus impact starts to show

Thyssenkrupp on Tuesday said its second-quarter net loss more than quintupled as the coronavirus pandemic hit all business lines at the struggling steel-to-submarines conglomerate. Powered by […]
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