Author Archives: Syndicated Content
Electric vehicle maker Nio says new China entity to draw investment of 7 billion yuan
BEIJING (Reuters) - Strategic investors will inject 7 billion yuan ($989 million) into Nio China, a new entity controlled by Chinese electric vehicle maker Nio Inc, the firm said on Wednesday. In a st...
Apr 29, 2020
Trump hails U.S. coronavirus testing as infections cross a million
By Kanishka Singh (Reuters) - The United States has reported more than a million coronavirus infections only because of its testing, President Donald Trump said on Wednesday, hailing the effort as bei...
Apr 29, 2020
Singapore's first-quarter jobless rate highest in a decade, foreign employment drops
SINGAPORE (Reuters) - Singapore's unemployment rate edged up in the first quarter to its highest in more than a decade, as the government warned that labour market conditions were likely to further wo...
Apr 29, 2020
Swiss finance minister wants to use SNB payouts to cut debt: NZZ
ZURICH (Reuters) - Swiss Finance Minister Ueli Maurer wants to use payouts from the Swiss National Bank exclusively to cut debt that will swell as the country ramps up borrowing to spur an economy hit...
Apr 29, 2020
AstraZeneca beats first-quarter profit estimates, retains 2020 forecast
(Reuters) - AstraZeneca beat analysts' estimates for first-quarter profit and reiterated its 2020 outlook on Wednesday, as demand for the drugmaker's newer medicines held up and its supply chain prove...
Apr 29, 2020
British retailer Next says quarterly sales plunge 41%
LONDON (Reuters) - British clothing retailer Next said on Wednesday total product sales in its latest quarter crashed 41%, reflecting the closure of all its stores in the coronavirus lockdown and the ...
Apr 29, 2020
Dutch manufacturers more pessimistic than ever due to corona crisis
AMSTERDAM (Reuters) - The coronavirus pandemic has made manufacturers in the Netherlands more pessimistic about their prospects than ever before, the national statistics office said on Wednesday. Prod...
Apr 29, 2020
Expectations for European corporate profits fall further
LONDON (Reuters) - Europe Inc's profit expectations for the second and third quarters continued to deteriorate sharply, Refinitiv data showed on Wednesday, as fears about the scale of the recession tr...
Apr 29, 2020
WPP says COVID-19 dragged March net sales down 7.9%, braces for bigger impact
LONDON (Reuters) - WPP , the world's biggest advertising company, said net sales fell 3.3% in the first quarter, with the impact of the COVID-19 pandemic dragging it down by 7.9% in March alone, promp...
Apr 29, 2020
AirAsia will not take jet deliveries this year, revisiting Airbus order book
SYDNEY (Reuters) - Malaysia's AirAsia Group Bhd said on Wednesday it did not intend to take any new aircraft deliveries this year because of the sharp fall in demand from the coronavirus crisis, and w...
Apr 29, 2020
