April 21, 2020

Wall Street falls as U.S. crude collapse compounds pandemic woes

Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the […]
April 21, 2020

Battered consumer confidence to slow airlines’ recovery: IATA

Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector’s main global body warned on Tuesday, citing bleak new survey […]
April 21, 2020

Coronavirus lockdowns to hurt Coca-Cola’s second quarter sales

Coca-Cola Co said on Tuesday its expected current-quarter results to take a hit as restaurants, theaters and other venues that represent about half of the company’s […]
April 21, 2020

Oil giveaway brings out the bears

The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds alarm […]
April 21, 2020

Oil hits two-decade lows on low demand, storage woes

Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory […]
April 21, 2020

Chinese EV maker BYD profit down 42% in 2019, under pressure from subsidy cut

Chinese electric vehicle maker BYD Co Ltd , , which is backed by U.S. investor Warren Buffett, on Tuesday reported a 41.9% drop in 2019 net […]
April 21, 2020

U.S. existing home sales tumble in March

U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer […]
April 21, 2020

Daimler teams up with Volvo Trucks in fuel cell venture

Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus […]
April 21, 2020

South Korea state banks to provide up to $1.4 billion liquidity to Asiana Airlines

South Korea’s two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana […]
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