Vodafone keeps dividend as pandemic hits roaming, but boosts data
Vodafone maintained its dividend on Tuesday, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis, as the world’s second-biggest mobile operator met expectations with a 2.6% rise in full-year core earnings.
Honda says has enough cash but may issue bonds if new coronavirus waves hit
Honda Motor Co has enough cash on hand, equivalent to almost two months of sales, to weather the downturn caused by the coronavirus pandemic, but may issue bonds to raise funds if there is second or third wave of infections, a senior managing director…
Thyssenkrupp CFO: we don’t have a liquidity problem
Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from the sale of its elevator division, its chief financial officer said.
Germany’s BaFin conducting multiple investigations into Wirecard: president
Germany’s financial watchdog said on Tuesday that it was looking very closely at developments surrounding German payments company Wirecard .
Saudi Aramco first-quarter net profit slides 25% as oil prices tumble
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.
Toyota expects profit to drop 80% this year as virus saps car sales
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.
China announces new tariff waivers for some U.S. imports
China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.
Ryanair to resume 40% of July flights with new rules for passengers
Ryanair on Tuesday confirmed it will return to 40% of its planned flight schedule from July 1 and will require passengers to wear face coverings and to ask crew permission to use the toilet.
Ryanair CEO says UK quarantine plan is idiotic, unenforceable
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.
Saudi Aramco first-quarter net profit slides 25% as oil prices fall
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.
