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Updated: 3 years 43 weeks ago
Demand for masks crashes website of Japan's Sharp
The website of Japanese electronics firm Sharp crashed on Tuesday after the company started selling face masks online, as Japan's tally of coronavirus infections passed 11,000.
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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 crisis is accelerating consolidation.
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Futures slide as U.S. crude crashes below zero
U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic plunge in U.S. crude prices to below zero raised the specter of a deep global recession in the coming months.
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London Stock Exchange committed to Refinitiv deal in pandemic-hit markets
The London Stock Exchange said on Tuesday it was committed to completing its $27 billion takeover of data company Refinitiv in the second half of the year, with no plans to revise its savings targets for the deal as a deep recession beckons.
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LSE says no plans to revisit savings target from Refinitiv deal
The London Stock Exchange said it has no plans to change its targets for synergies from its planned $27 billion takeover of data and analytics company Refinitiv.
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South Korea's Asiana to get $1.4 billion liquidity from state banks
South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines , the country's second-largest carrier, as the industry struggles with the coronavirus crisis.
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Virgin Australia falls to virus crisis, appoints administrator to find investor
Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia's second-biggest airline the Asia-Pacific region's biggest victim of the coronavirus crisis gripping the industry.
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Oil crash hits stocks, dollar gains as investors shun risk
Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic.
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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 Airlines which is struggling with the impact of the coronavirus.
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U.S. oil futures plumb historic lows below zero
U.S. oil futures traded in negative territory on Tuesday, after sinking nearly $40 the previous session in their first ever dive below zero, as concern grew the sector will run out of storage for a glut caused by the coronavirus lockdown.
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Huawei first-quarter revenue growth slows sharply amid U.S. ban, virus headwinds
Huawei Technologies' revenue growth slowed sharply in the first quarter but the world's top telecoms equipment supplier labeled the performance as "resilient" in light of pressure from the United States and the impact of the COVID-19 pandemic.
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California regulator wants changes in PG&E reorganization plan, proposes $2 billion fine
A California regulator has asked PG&E Corp for governance and oversight changes in its reorganization plan, while also proposing penalties of about $2 billion on the San-Francisco based utility for its role in causing the devastating 2017 and 2018 wildfires in California.
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U.S. crude futures turn positive after historic plunge, Brent falls
U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude.
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Nissan to close global headquarters, other Japan sites through May 10 due to virus
Nissan Motor Co said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy running.
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Volvo and Daimler tie up to develop fuel cell for trucks
Swedish truck maker Volvo said on Tuesday it had signed a deal with German rival Daimler to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles.
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Ferrari rolls out coronavirus testing to get staff ready for work
Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production.
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U.S. crude futures turn positive after historic slide, Brent dips
U.S. oil prices recovered on Tuesday to trade in positive territory after sinking below $0 for the first time ever, but international benchmark Brent dipped as demand for crude slumps amid the coronavirus pandemic.
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Analyst View: Oil price crash, what next?
A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse.
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Crude costs money again after shock crash, stocks stay in doldrums
U.S. crude oil bounced back into positive territory on Tuesday, but a historic plunge below zero rattled investors and triggered the steepest drop in Asian stock markets in a month.
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Fast Retailing plans to reopen two Uniqlo stores in Berlin this week
Casual clothing chain Uniqlo plans to reopen two stores in Berlin this week, the first in Europe to resume business after nearly all of its stores there were closed due to the coronavirus outbreak.
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