Subaru Corp on Monday posted a 15.7per cent rise in annual operating profit in the year that ended in March as it recovered from production delays and product recalls last year, but warned of uncertainties from the coronavirus outbreak this year.
SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Japan's economy slipped into recession for the first time in 4-1/2 years, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.
The president of General Motors Co's Mexican unit advised suppliers to prepare to resume operations after the Mexican government said the automotive industry could exit the coronavirus lockdown before June 1 with adequate safety measures.
SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.
WASHINGTON: The business shutdowns caused by the coronavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 per cent this quarter, Federal Reserve Chair Jerome Powell said on Sunday (May 17). Data show more than 30 million jobs were destroyed in the world's top economy,...
TOKYO: Japan dived into its first recession since 2015, according to official data Monday (May 18), with the world's third-largest economy contracting by 0.9 per cent in the first quarter as it wrestles with the fallout from COVID-19. The drop in gross domestic product followed a 1.9-per cent ...
Shares of SK Hynix , the world's No.2 memory chip maker after Samsung Electronics , fell 3.2per cent on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.
SINGAPORE: Singapore's non-oil domestic exports (NODX) grew 9.7 per cent year-on-year in April, a drop from the 17.6 per cent growth that was seen in March, according to official data released on Monday (May 18). April's expansion was largely due to pharmaceuticals, which grew from a low base a ...
