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Updated: 4 years 29 weeks ago
Spanish government considering loans for Iberia: El Pais
The Spanish government is considering granting soft loans to flagship airline Iberia, a unit of London-listed International Consolidated Airlines Group , newspaper El Pais reported on Tuesday.
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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 with $56 a barrel last year, CEO Bernard Looney said.
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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 the easing of coronavirus-related restrictions.
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Europcar still in talks over French financial aid
French car hire company Europcar said on Tuesday it was still in talks with the government over obtaining further financing aid.
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Oil prices sink as world runs low on storage capacity amid frail demand
Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow to pick up once countries ease curbs imposed on business and social life to combat the coronavirus pandemic.
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Marks & Spencer strengthens liquidity to cope with coronavirus impact
British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18 months, including scrapping next year's dividend, to cope with the impact of the coronavirus crisis
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BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demand
BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead.
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Spirits maker Diageo to raise $2.5 billion from debt offering
Diageo , the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to the coronavirus crisis.
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UBS posts 40% first-quarter net profit rise as wealth shows resilience
The world's largest wealth manager, UBS , reported a 40% rise in January-March profit on Tuesday, buoyed by ultra rich clients reshuffling portfolios to cope with the coronavirus outbreak and as a revamp helped its core business to its best quarter since 2008.
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Airline SAS to cut up to 5,000 jobs due to pandemic
Scandinavian airline SAS said on Tuesday it would reduce its workforce by up to 5,000 full-time positions, due to the COVID-19 pandemic and its impact on air travel.
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Asian shares make cautious gains, capped by fresh oil woes
Most Asian shares ground higher while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about the easing of coronavirus-related restrictions.
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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 up on their prescriptions in advance.
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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 or two supervisory board mandates, Business Insider cited company sources as saying.
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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 rise amid the coronavirus pandemic.
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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.
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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 by the coronavirus outbreak and as it extended more loans to its wealthy clients.
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Mirae Asset says sued after deadline miss on $5.8 billion Anbang U.S. hotels deal
South Korean asset manager Mirae Asset Global Investments has been sued over a $5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group after missing a deadline for the deal's closing, a Mirae spokesman said on Tuesday.
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Oil prices dive as world runs low on storage capacity while demand plunges
Oil prices slumped again on Tuesday amid concern about dwindling crude storage capacity worldwide and fears that fuel demand may only recover slowly once countries ease curbs imposed on economic and social activity to combat the coronavirus pandemic.
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HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis
HSBC Holdings PLC's first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.
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HSBC first-quarter profit slides 48% on coronavirus crisis, misses forecasts
HSBC Holdings PLC's first-quarter profit tumbled a worse-than-expected 48% after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.
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