LONDON: Vitol's former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources familiar the matter. Taylor joined Vitol in 1985 and became group President and CEO in 1995, during which time he helped build Vitol...
Honda Motor Co suspended some of its auto and motorcycle production globally as the Japanese car giant grappled with a suspected cyber attack, a spokesman said on Tuesday.
S&P Global Ratings said it has revised Japan's outlook to stable on increased uncertainty around debt stabilization.
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than first estimated, the European Union's statistics office said.
A U.S. Senate report released Tuesday says the U.S. government failed to properly oversee Chinese-owned telecommunications companies for nearly two decades.
PARIS: France launched what it said was a €15 billion (US$17 billion) rescue plan for its aerospace industry on Tuesday (Jun 9), warning 100,000 jobs were directly at stake due to the COVID-19 crisis travel slump. The package, which includes some already announced measures, includes an investment ...
Germany's bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies are so reluctant to take the help that it threatens any recovery from the coronavirus outbreak.
Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve.
SINGAPORE: South Korean travel retailer Lotte Duty Free has taken over the liquor and tobacco concession at Changi Airport, making it the first time a new operator has helmed this key concession since DFS Group in 1981. Renovation works for Lotte’s stores at Changi Airport will take place in...
SYDNEY: Cathay Pacific Airways Ltd announced on Tuesday (Jun 9) a recapitalisation plan worth HK$39 billion (US$5.03 billion) led by the Hong Kong government to help it weather the COVID-19 pandemic. The government will be issued HK$19.5 billion of preference shares giving it a 6 per cent stake ...
