Reuters

Germany's BaFin conducting multiple investigations into Wirecard: president

Reuters Business News - Tue, 05/12/2020 - 03:13
Germany's financial watchdog said on Tuesday that it was looking very closely at developments surrounding German payments company Wirecard .
Categories: Reuters

Saudi Aramco first-quarter net profit slides 25% as oil prices tumble

Reuters Business News - Tue, 05/12/2020 - 03:12
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base payout to shareholders for the year.
Categories: Reuters

Trump 'not interested' in reopening U.S.-China trade deal after report of Beijing discontent

Reuters Business News - Tue, 05/12/2020 - 02:58
U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China "Phase 1" trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.
Categories: Reuters

Toyota expects profit to drop 80% this year as virus saps car sales

Reuters Business News - Tue, 05/12/2020 - 02:53
Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
Categories: Reuters

Ryanair CEO says UK quarantine plan is idiotic, unenforceable

Reuters Business News - Tue, 05/12/2020 - 02:42
Ryanair CEO Michael O'Leary on Tuesday said Britain's plan to have arriving passengers self-isolate in their accommodation for 14 days upon arrival was "idiotic" and effectively unenforceable.
Categories: Reuters

Once taboo, investors begin to imagine negative U.S. rates

Reuters Business News - Tue, 05/12/2020 - 02:33
Negative interest rates in the United States were once unimaginable. The coronavirus has changed that.
Categories: Reuters

Logitech sales surge as working from home boosts demand

Reuters Business News - Tue, 05/12/2020 - 02:26
Logitech International reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.
Categories: Reuters

Saudi Aramco first-quarter net profit slides 25% as oil prices fall

Reuters Business News - Tue, 05/12/2020 - 02:07
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand.
Categories: Reuters

Saudi Aramco first-quarter net profit falls 25% as oil prices slump

Reuters Business News - Tue, 05/12/2020 - 01:47
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand.
Categories: Reuters

Vodafone meets full-year expectations, pulls guidance on COVID-19 uncertainty

Reuters Business News - Tue, 05/12/2020 - 01:41
Vodafone , the world's second largest mobile operator, met expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion), but did not give a current year outlook due to the uncertainty caused by the coronavirus.
Categories: Reuters

Ryanair to recommend face masks on board, ban toilet queues

Reuters Business News - Tue, 05/12/2020 - 01:32
Ryanair is to recommend that all passengers wear face masks on board when it reopens 40% of its route network on July 1 and customers will be required to ask crew to use the toilet, Europe's largest low-cost carrier announced on Tuesday.
Categories: Reuters

Honda posts 13% drop in annual operating profit

Reuters Business News - Tue, 05/12/2020 - 01:16
Honda Motor Co on Tuesday posted an 13% decline in annual operating profit as the coronavirus pandemic started to take its toll on global car demand.
Categories: Reuters

Thyssenkrupp second-quarter loss widens as coronavirus impact starts to show

Reuters Business News - Tue, 05/12/2020 - 00:11
Thyssenkrupp on Tuesday said its second-quarter net loss more than quintupled as the coronavirus pandemic hit all business lines at the struggling steel-to-submarines conglomerate.
Categories: Reuters

Stocks falter as anxiety grows over second coronavirus wave

Reuters Business News - Tue, 05/12/2020 - 00:08
Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.
Categories: Reuters

Toyota expects annual operating profit to drop 80% as virus saps car sales

Reuters Business News - Mon, 05/11/2020 - 23:49
Toyota Motor Corp said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars.
Categories: Reuters

Tencent Music misses quarterly revenue estimates, signals better second quarter

Reuters Business News - Mon, 05/11/2020 - 23:45
China's Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company's social entertainment services business, sending its shares down 4.5% in extended trade overnight.
Categories: Reuters

Toyota expects annual profit to hit nine-year low as coronavirus saps car sales

Reuters Business News - Mon, 05/11/2020 - 23:25
Toyota Motor Corp said on Tuesday it expected to post its lowest annual operating profit in 9 years as the Japanese automaker grapples with the impact of the coronavirus, which has sapped global demand for cars.
Categories: Reuters

Asian stocks stumble on fears of second coronavirus wave, oil up

Reuters Business News - Mon, 05/11/2020 - 22:22
Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.
Categories: Reuters

Tim Hortons China says Tencent has invested, did not disclose amount

Reuters Business News - Mon, 05/11/2020 - 22:13
Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market.
Categories: Reuters

Logitech sales rise nearly 14% as work from home boosts demand

Reuters Business News - Mon, 05/11/2020 - 22:09
Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday as more people used its products while working from home due to the coronavirus crisis.
Categories: Reuters
Syndicate content