Asian shares gain on signs lockdowns could ease
Most Asian shares made gains while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about the easing of coronavirus-related restrictions.
Airline SAS cuts up to 5,000 jobs due to pandemic
Scandinavian airline SAS said on Tuesday it could reduce about half its workforce as it struggles to survive the coronavirus outbreak.
Europcar still in talks over French financial aid
French car hire company Europcar said on Tuesday it was still in talks with the government over obtaining further financing aid.
Nissan slashes full-year results forecast, sees operating loss
Nissan Motor Co on Tuesday said it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars.
Oil prices sink as world runs low on storage capacity amid frail demand
Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow to pick up once countries ease curbs imposed on business and social life to combat the coronavirus pand…
Marks & Spencer strengthens liquidity to cope with coronavirus impact
British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18 months, including scrapping next year’s dividend, to cope with the impact of the coronavirus crisis
Spirits maker Diageo to raise $2.5 billion from debt offering
Diageo , the world’s largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to the coronavirus crisis.
UBS posts 40% first-quarter net profit rise as wealth shows resilience
The world’s largest wealth manager, UBS , reported a 40% rise in January-March profit on Tuesday, buoyed by ultra rich clients reshuffling portfolios to cope with the coronavirus outbreak and as a revamp helped its core business to its best quarter sin…
HSBC sees mounting credit losses after pandemic halves first-quarter profit
HSBC Holdings PLC on Tuesday warned of more earnings pain ahead after first-quarter profit nearly halved as it set aside a hefty $3 billion in bad loan provisions due to the coronavirus pandemic.
Bayer faces second investor reckoning over glyphosate litigation
Bayer on Tuesday faces its second annual investor reckoning over its handling of a wave of U.S. lawsuits claiming its glyphosate-based weedkillers cause cancer.
