April 28, 2020

No rescue deal yet for German airline Lufthansa: sources

Lufthansa has not yet agreed on a 9 billion euro ($9.73 billion) rescue package, company and government sources said on Tuesday, following a report overnight that […]
April 28, 2020

BP targets breakeven below $35/bbl next year, CEO says

BP seeks to sharply reduce its spending and costs to be able to generate profit at oil prices below $35 a barrel by next year compared […]
April 28, 2020

Asian shares gain on signs lockdowns could ease

Most Asian shares made gains while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about […]
April 28, 2020

Piglets aborted, chickens gassed as pandemic slams meat sector

With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets […]
April 28, 2020

Novartis posts first-quarter sales, profit beat as COVID-19 spurs prescriptions

Swiss drugmaker Novartis reported rising first-quarter sales and profit that beat analyst expectations and confirmed its 2020 targets as the coronavirus pandemic prompted patients to stock […]
April 28, 2020

Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider

Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and one […]
April 28, 2020

HSBC first-quarter profit halves as it beefs up bad loan provisions due to the pandemic

HSBC Holdings PLC’s on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to […]
April 28, 2020

With virus war still raging, Fed peers out of the foxhole

The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices. Powered by WPeMatico
April 28, 2020

UBS posts 40% first-quarter net profit rise as transaction levels jump

The world’s largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients increased trading activity during market turmoil sparked […]
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