The world's biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade.
Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers.
German carmakers including Volkswagen and Mercedes-Benz will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.
The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data, which are likely to provide more evidence of a deep recession in the world's biggest economy.
As European nations clamour for masks to protect their healthcare workers against the coronavirus, a niche within the synthetic fibre industry emerges as the provider of a vital component.
As countries scramble for face masks to protect their healthcare workers from the coronavirus, German and U.S. manufacturers in Europe are seeing an opportunity more permanently to take on big Asian rivals and bring mask production closer to home.
Amazon has no clarity yet on when its warehouses in France might reopen, the head of its French business said on Thursday, after the e-commerce giant clashed with unions over the measures taken to limit the risks of coronavirus contagion.
Ford Motor Co said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as coronavirus epidemic hit demands in the world's biggest auto market.
Abu Dhabi’s Etihad Airways has the full support of its state shareholder as it plans a partial resumption of passenger flights from May 1, its chief executive Tony Douglas said on Thursday.
Oil prices ticked up on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
British airline EasyJet can survive a lengthy grounding of its fleet during the coronavirus pandemic thanks to measures taken to shore up its finances, the low-cost carrier said on Thursday.
Sherborne Investors said on Thursday it would withhold its vote against Barclays Chief Executive Jes Staley in the lender's upcoming general meeting, to prevent fresh boardroom turmoil as the bank grapples with the COVID 19 fallout.
Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.
The chief executive of easyJet said when flying restarts after the coronavirus crisis recedes planes are likely to operate with the middle seat empty due to social distancing regulations.
British low cost airline easyJet said it would be able to survive a lengthy fleet grounding during the coronavirus pandemic due to the steps it had taken to shore up its finances.