Primark owner AB Foods right not to pay dividend, says boss
Primark owner Associated British Foods’ decision not to pay an interim dividend to shareholders was “absolutely the right thing to do” given the coronavirus crisis, its boss said on Tuesday.
French court to issue verdict in Amazon case on April 24: judge
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on April 24, a French judge said on Tuesday.
Coca-Cola sees second-quarter sales hit from coronavirus lockdown
Coca-Cola Co on Tuesday forecast a hit to current-quarter results as restaurants, theaters and other venues that represent about half of the company’s revenue remain closed because of the coronavirus pandemic.
Exclusive: Trump pressed to halt federal pension investments in China’s ZTE, Hikvision
Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening…
Senators from both U.S. parties press Fed for climate details
Senators from both major U.S. parties are pressing the Federal Reserve to say more about the role that climate considerations could play in its asset purchase programs, showing the new focus of investors on environmental considerations.
Tech titans dominate U.S. stock market after surge
Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market’s dramatic bounce from last month’s lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak co…
Demand for masks crashes website of Japan’s Sharp
The website of Japanese electronics firm Sharp crashed on Tuesday after the company started selling face masks online, as Japan’s tally of coronavirus infections passed 11,000.
LSE says no plans to revisit savings target from Refinitiv deal
The London Stock Exchange said it has no plans to change its targets for synergies from its planned $27 billion takeover of data and analytics company Refinitiv.
London Stock Exchange committed to Refinitiv deal in pandemic-hit markets
The London Stock Exchange said on Tuesday it was committed to completing its $27 billion takeover of data company Refinitiv in the second half of the year, with no plans to revise its savings targets for the deal as a deep recession beckons.
South Korea’s Asiana to get $1.4 billion liquidity from state banks
South Korea’s two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines , the country’s second-largest carrier, as the industry struggles with the coronavirus crisis.
