German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78per cent to 617 million euros, following disruptions caused by the coronavirus pandemic.
An increasing number of U.S. companies are selling bonds to repay lines of credit they drew down at the height of the coronavirus-induced market turmoil, an indication that the cash crunch facing much of Corporate America may be easing, according to Bank of America analysts.
The head of Boeing's 737 program has been tapped to oversee the planemaker's commercial programs as the company works to win approval to return the 737 MAX to service, which has been grounded for 13 months.
WITH their shutters drawn and government relief pumped through digital channels, businesses in Singapore have been driven to adapt to electronic payments amid the Covid-19 crisis.
WITH oil trading giant Hin Leong making headlines amid the recent collapse of oil prices, the Singapore banks are set to take charges against their broader exposure to the oil-linked sectors but in a more measured way given more prudence today, analysts said.
DESPITE challenging times posed by the Covid-19 outbreak, Citi Singapore will offer its 76 summer 2020 interns full-time analyst roles after graduation as long as they meet the minimum programme requirements of the internship, the bank said on Wednesday.
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NEW YORK: Wall Street stocks bounced on Wednesday (Apr 22), recovering some of the losses from a two-session slide as US oil prices rallied following a volatile session. The Dow Jones Industrial Average finished up 456.94 points (1.99 per cent) at 23,475.82. The broad-based S&P 500 gained 62.75 ...
NEW YORK: Boeing plans to reduce the workforce in its civil aviation unit by 10 per cent to cut costs as the coronavirus causes a crisis for airlines, two sources familiar with the matter told AFP. The layoffs would impact the unit manufacturing the troubled 737 MAX, which has been...
CSX Corp reported lower quarterly profit on Wednesday after revenue declines from coal, automotive and other sectors weighed on results.
