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Updated: 4 years 30 weeks ago
BlackRock quarterly profit falls 23%
BlackRock Inc , the world's largest asset manager, reported a 23% drop in quarterly profit, as investors pulled money out of its marquee funds and preferred cash management services, while costs rose amid a global economy hit by the coronavirus pandemic.
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Bentley extends UK production shutdown by three weeks over coronavirus
Luxury carmaker Bentley is extending its plant shutdown by three weeks and will begin gradually reopening from May 11, as coronavirus lockdown measures remain in place in Britain.
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Ford's first-quarter China vehicle sales down 35% as coronavirus hits demand
Ford Motor Co said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world's biggest auto market.
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Oil prices recover from sharp losses caused by U.S. stockpile surge
Oil prices ticked up on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
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Etihad has full support of state owner, will resume flights in May: CEO
Abu Dhabi’s Etihad Airways has the full support of its state shareholder as it plans a partial resumption of passenger flights from May 1, its chief executive Tony Douglas said on Thursday.
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Europe's scramble for face masks prompts longer term rethink
As countries scramble for face masks to protect their healthcare workers from the coronavirus, German and U.S. manufacturers in Europe are seeing an opportunity more permanently to take on big Asian rivals and bring mask production closer to home.
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Factbox: Filters prove elusive as Europe scrambles to rekindle mask industry
As European nations clamour for masks to protect their healthcare workers against the coronavirus, a niche within the synthetic fibre industry emerges as the provider of a vital component.
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Dollar consolidates gains before U.S. jobless data's release
The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data, which are likely to provide more evidence of a deep recession in the world's biggest economy.
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Rebel Sherborne to withhold vote against Barclays boss in AGM
Sherborne Investors said on Thursday it would withhold its vote to reappoint Barclays Chief Executive Jes Staley in the bank's annual general meeting to prevent fresh boardroom turmoil as the bank grapples with the COVID-19 fallout.
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Stocks head for higher ground, oil stuck in a rut
Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers.
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U.S. probe unable to rule out White House influence on JEDI contract awarded to Microsoft, not Amazon
The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged "presidential communications."
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Brent erases tentative gains, WTI ticks up after U.S. stockpile surge
Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
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EasyJet says it can survive lengthy grounding during coronavirus crisis
British airline EasyJet can survive a lengthy grounding of its fleet during the coronavirus pandemic thanks to measures taken to shore up its finances, the low-cost carrier said on Thursday.
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Sherborne to withhold vote against Barclays boss in AGM
Sherborne Investors said on Thursday it would withhold its vote against Barclays Chief Executive Jes Staley in the lender's upcoming general meeting, to prevent fresh boardroom turmoil as the bank grapples with the fallout from COVID 19.
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No clear restart date for Amazon warehouses in France: CEO
Amazon has no visibility yet on when its six warehouses in France might reopen, after a French court ordered it to limit its activities while it reinforces safety protocols during the coronavirus outbreak, its head of France said on Thursday.
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Oil edges higher after hitting 18-year lows but demand outlook weighs
Oil edged higher on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
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Apple's new budget iPhone unlikely to make splash in China where 5G now commonplace
Apple Inc's new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, with analysts noting it lacks the 5G capability that most new Chinese smartphones in a similar price range offer.
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EasyJet CEO sees flying restarting with empty middle seats
The chief executive of easyJet said when flying restarts after the coronavirus crisis recedes planes are likely to operate with the middle seat empty due to social distancing regulations.
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EasyJet says able to survive a lengthy fleet grounding
British low cost airline easyJet , whose aircraft are all grounded due to the coronavirus pandemic, said steps it had taken to shore up its finances meant it would be able to survive a lengthy fleet grounding.
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Stocks slide and dollar rally runs as economic realities bite
Asia's stock markets retreated from their highest levels for a month and the dollar extended gains on Thursday as the damage the coronavirus has wrought on the world economy soured appetite for risk.
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