The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.
PARIS: Peugeot maker PSA Group held on to its margin target despite a fall in profitability in the first half of 2020, when the coronavirus pandemic dented sales at the French group. PSA, which is in the middle of working through a merger agreement with Italy's Fiat Chrysler ,...
TOKYO: The United States has awarded a US$265 million contract to a Texas facility of Japan's Fujifilm Holdings to step up production of a coronavirus vaccine candidate, President Donald Trump said. Trump made the announcement on Monday (Jul 27), as he toured another Fujifilm facility in North ...
Shares of Japan's Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year.
Remington Arms Co on Monday filed for Chapter 11 bankruptcy protection for the second time in two years as the U.S. gunmaker faced financial troubles partly because some retailers placed restrictions on gun sales after school shootings.
Gold chalked up another record Tuesday as the dollar extended losses and traders rushed into safe havens as fears about the coronavirus pandemic mounted, while equity markets rose on hopes for a fresh US stimulus package and more Federal Reserve largesse.
Shares of Samsung Electronics rallied on Tuesday, joining its bigger rival TSMC, driven by growing expectations that the chipmakers may benefit from Intel Corp's plan to outsource more chip manufacturing.
Brazil's antitrust watchdog is asking Facebook Inc to explain the fee structure for its short-lived payments service launched in June in partnership with card processor Cielo SA, according to a document seen by Reuters.
Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters.
Shares of Japan's Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year.
