Oil prices rise on early signs of pick up in fuel demand
Oil prices jumped on Thursday, lifted by signs that the U.S. crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus.
Malaysia Airlines says working with Khazanah for financial support, taken cost cuts
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain business during the coronavirus crisis, it said on Thursday.
Britain’s Sainsbury’s warns of $623 million hit to profit from coronavirus
British supermarket group Sainsbury’s warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said it would defer any dividend payment decisions until later this year.
Fiat Chrysler’s dealers, mechanic workshops to reopen on Monday
Fiat Chrysler said on Thursday its Italian network of approved dealers and mechanic workshops would reopen on May 4, when the country is set to start lifting a national lockdown put in place to limit the spread of the coronavirus.
Global smartphone output to plunge by record 16.5% in June quarter: TrendForce
Global smartphone production is expected to slump a record 16.5% to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said https://press.trendforce.com/press/20200430-3357.html, despite su…
Audi’s 2020 outlook ‘significantly below’ last year amid coronavirus
Audi , a unit of Volkswagen , said on Thursday it saw deliveries, revenue and operating profit “significantly below” last year as the coronavirus outbreak plays out.
Airbus in talks with French state, no liquidity concerns at present, says CEO
European planemaker Airbus is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity problems at present, Airbus Chief Executive Guillaume Faury said on Thursday.
Reckitt Benckiser’s sales surge on coronavirus disinfectant boom
Reckitt Benckiser achieved record sales growth in the first quarter and predicted a stronger than expected performance in 2020 as customers stocked up on Lysol disinfectants, Mucinex cough syrup and Dettol soap ahead of the coronavirus lockdowns.
Cargill expands plant-based protein food for China
U.S. agribusiness giant Cargill [CARG.UL] said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum China Holdings Inc’s KFC.
Exclusive: Nissan shakes off virus woes in China sales with rebound in April – sources
Nissan Motor Co’s vehicle sales in China this month almost recovered to the prior year’s level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker’s preliminary data said.
