Tencent raises $6 billion in largest Asian corporate debt deal this year
Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it raised $6 billion in a U.S. dollar bond sale – the largest debt deal by an Asian corporate in 2020.
Germany’s Bosch to begin restarting operations in Mexico
German automotive supplier Bosch on Monday said it has received government approval in Mexico to restart operations, which had been suspended since late March due to measures taken to curb the spread of the novel coronavirus.
Asian stocks gain on economic hopes, Hong Kong remains a risk
Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
Oil drops on worse than feared rise in U.S. fuel stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns.
Facebook’s Zuckerberg says government censoring social media not the ‘right reflex’
Facebook Inc’s Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump’s threats against social media companies, said on Wednesday censoring a platform would not be the “right reflex” for a government worried about censorship…
U.S. senators weigh additional sanctions on Russia’s Nord Stream 2
Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.
Nissan to set out survival plan after expected annual loss
Nissan Motor Co will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annual operating loss in 11 years.
Nissan Motor to close Barcelona plant: El Pais
Japan’s Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.
Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing
Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant loss” days after it filed for bankruptcy protection.
Trump to sign executive order on social media on Thursday: White House
U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down websites he accused of stifling conservative voices.
