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Updated: 4 years 30 weeks ago
Oil mixed as Chinese economy overshadows Trump plan to ease lockdown
Oil prices were mixed on Friday as news of President Donald Trump's plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China's worst quarterly economic contraction on record.
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Hobbled by coronavirus, China's first-quarter GDP shrinks for first time on record
China's economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and shopping malls and put millions out of work.
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Volkswagen sales down 23% in Jan-March, March alone off 37.6%
Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period.
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Fares show declines as airlines brace for tough recovery: Skytra
Air fares have fallen as much as 30% since the start of the year in North America and Europe, according to the first of a new series of industry data, while stabilising on a smaller decline in Asia where some coronavirus lockdowns are being eased.
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China parliament's top body to meet from April 26 to April 29
The top body of China's parliament will meet in the capital city of Beijing from April 26 to April 29, the official Xinhua news agency reported on Friday.
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Oil falls as Chinese economy outweighs Trump plan to ease lockdown
Oil prices fell on Friday, giving up early gains as China's worst economic contraction on record outweighed news of U.S. President Donald Trump's plans to get the American economy moving again.
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China set to cut benchmark rate after first GDP contraction on record: analysts
China is widely expected to cut its benchmark lending rate on Monday to provide further support for the coronavirus-hit economy, which shrank for the first time on record in the first quarter, a Reuters survey of traders and analysts found.
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Super-charged stocks race toward second best week ever
World stock markets made a super-charged sprint towards an 11% weekly gain on Friday - their second best of all time - after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
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Cathay Pacific to lay off overseas cabin crew, furlough pilots
Hong Kong's Cathay Pacific Airways Ltd will lay off 286 cabin crew based in the United States and furlough 201 pilots based in Australia and Britain, it said on Friday, as the coronavirus pandemic has virtually halted global travel.
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Coronavirus pandemic will not affect China's current account in mid-to-long term: forex regulator
China's current account was kept basically balanced and within a reasonable range in the first quarter of this year despite the coronavirus pandemic, and the outbreak will not affect the current account in the medium-to-long term, the foreign exchange regulator said on Friday.
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Peugeot's Vauxhall prepares safety steps for UK plant reopenings
Peugeot's British brand Vauxhall, which operates two factories, is planning several safety measures including temperature checks, face mask-wearing and shift rescheduling to allow it to reopen sites amid the coronavirus outbreak.
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Oil mixed as China economy gloom overshadows plans to ease U.S. coronavirus lockdown
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump's early plans to revive the U.S. economy.
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Boeing restarting commercial airplane production next week
Boeing Co said it will resume commercial airplane production next week in Washington state after suspending operations last month in response to the coronavirus pandemic, and the company's chief executive told employees the aerospace industry will need financial help from the government.
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Asian stocks rise as re-open of U.S economy offsets China GDP slump
Asian stocks gained on Friday as President Donald Trump's plans to gradually re-open the U.S. economy outweighed concerns over data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak.
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Amazon France CEO hopes can reopen warehouses 'very quickly'
Amazon does not know when its warehouses in France might reopen but hopes it can be soon, the head of its French business said on Friday.
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Tata Consultancy shares rise on deal wins, hiring promise
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm's warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.
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Locked-down investors aim algorithms at chaotic currency markets
A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.
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Fed's Kashkari says Trump's 'staged approach' to reopen economy makes sense
President Donald Trump's plan for reopening the U.S. economy following the novel coronavirus pandemic "makes sense" and is consistent with the advice of health experts, Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with Fox News Channel on Thursday.
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Trump unveils three-stage process for states to end coronavirus shutdown
President Donald Trump laid out new guidelines on Thursday for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as the country continues to fight the pandemic.
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Oil mixed as shrinking China economy overshadows Trump plan to ease U.S. coronavirus lockdown
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump's early plans to revive the U.S. economy.
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