May 8, 2020

Indonesia’s Garuda to seek restructuring of $500-mln Islamic bonds

National flag carrier Garuda Indonesia will seek to restructure $500 million of Islamic bonds due to mature next month, the deputy of the state-owned enterprises ministry […]
May 8, 2020

Rupert Murdoch gives up bonus after News Corp post $1 billion loss

News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due to […]
May 8, 2020

Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges

Siemens on Friday said it expected “even stronger impacts” from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an […]
May 8, 2020

Explainer: Why Friday’s U.S. jobless figures won’t capture the true state of the coronavirus economy

The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published […]
May 8, 2020

Great Depression-like U.S. job losses, unemployment rate expected in April

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and […]
May 8, 2020

Asian shares up as U.S., China trade negotiators talk

Asian shares rose on Friday as investors focused on talks between U.S. and Chinese trade officials and solid corporate earnings rather than the looming release of […]
May 8, 2020

Japan’s ANA suspends recruitment citing coronavirus fallout

ANA Holdings Inc , the operator of Japan’s top airline, said on Friday it would suspend its recruitment process at its 37 group companies due to […]
May 8, 2020

After surprise apology, Samsung heir pressed to explain family’s intentions

Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of family control sparked skepticism in some […]
May 8, 2020

Top U.S., China trade officials agree to strengthen cooperation

Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation […]
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