May 5, 2020

BNP Paribas profit falls 33% on expected loan losses, equity trading hit

Profit at BNP Paribas fell by 33.1% in the first-quarter as the coronavirus crisis hit equity trading and prompted the eurozone’s biggest bank to set aside […]
May 5, 2020

United Airlines to cut 30% of management in October, preparing pilot changes too: company memos

United Airlines Holdings Inc plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and has […]
May 5, 2020

Qantas secures more funding to wait out coronavirus crisis; shares rise

Qantas Airways Ltd said on Tuesday it had secured enough funding to last it through the end of next year, boosting its shares, as it reviews […]
May 5, 2020

WeWork co-founder Neumann sues SoftBank over failed tender offer

WeWork co-founder Adam Neumann filed a lawsuit against Japan’s SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to […]
May 4, 2020

Wall Street snaps two-day slump on lift from tech titans

U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and […]
May 4, 2020

Global shares fall on U.S.-Sino spat but Wall Street rebounds

The dollar rose on risk aversion and global stock markets fell on Monday as U.S.-Chinese bickering over the origin of the coronavirus outbreak sparked fear of […]
May 4, 2020

AIG quarterly profit nosedives as COVID-19 claims loom

Insurer American International Group Inc on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the […]
May 4, 2020

Air France-KLM union tensions surface in bailout’s wake

Air France-KLM’s French unions on Monday criticised calls by their Dutch counterparts for KLM to be given greater autonomy, amid signs that a multibillion-euro coronavirus bailout […]
May 4, 2020

U.S. SEC eases crowdfunding rules for firms due to coronavirus disruption

The U.S. Securities and Exchange Commission (SEC) on Monday said it would provide relief to smaller firms seeking to raise capital via online platforms to meet […]
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