Blackstone Group posted a 4% increase in its Q1 distributable earnings, boosted by a rise in the management fees on robust fundraising, despite its funds were affected by a downturn triggered by coronavirus.
Target Corp reported its online sales surged in March, with April offsetting the damage done by the coronavirus outbreak to its in-store sales, but mentioned that margins keep suffering along with the retailer's profit from increased costs.
On Thursday, China's electric car maker BYD announced it had cooperated with Toyota's truck manufacturer Hino Motors to develop and produce electric commercial vehicles.
During Thursday's Asian and European trading session's stock indices declined, as various company surveys revealed a more than expected pessimistic outlook.
On Thursday, Apple's supplier LG Display reported operating losses for the fifth consecutive quarter, affected by falling demand for televisions and smartphones amid the coronavirus pandemic.
On Thursday, UK's Aston Martin announced its plans to resume its St Athan plant in south Wales starting from May 5, seeking to restart the Gaydon factory later, following the coronavirus-led shutdowns.
On Thursday, the French carmaker Renault reported a 19.2% fall in its Q1 revenue to $10.97B, adding its 2020 earnings outlook is still unclear, following a global hit from the coronavirus outbreak.
The United Auto Workers are still in discussions with General Motors, Ford Motor and FCA, Detroit's Big Three carmakers, over safely reviving the US production suspended amid the coronavirus outbreak.
Australia's goods exports rose markedly 29% to $22.79B in March as the country shipped more gold to Hong Kong and the UK and more iron ore to China, preliminary data revealed.
German's Daimler AG is expected to report a nearly 70% drop in a key Q1 earnings figure, as demand for Mercedes-Benz cars plunged due to the coronavirus pandemic.
Kimberly-Clark Corp stated that sales of toilet paper and tissue grew 13% in the Q1, beating Wall Street estimates for sales and profit.
Exxon Mobil started construction of its $10B petrochemical complex in Chinese city Huizhou, Xinhua reported.
Moody's Investors Service expects the Egyptian economy to expand 4.4% in the current fiscal year, a statement published by the company shows.
South Korea added additional $72.6B to the economic stimulus package amid the COVID-19 outbreak, a statement from the South Korean President Moon Jae-in shows.
China State Shipbuilding Corporation signed a $2.8B liquified natural gas carrier agreement with Qatar Petroleum, a statement published by the company shows.
China Unicom, one of the leading telecommunications operators in China, announced a 13.9% decline in net revenue in the first three months of 2020, compared to the same period the prior year.
The unemployment rate in Taiwan increased to 3.76% in March, the highest level in 10 months, a statement published by the island's statistics agency shows.
Hong Kong's unemployment rate increased to 4.2% in the first three months of 2020, the highest level in more than 9 years, data released by the Hong Kong Special Administrative Region government show.
AT&T has missed Wall Street's forecasts for its Q1 revenue, hit by the coronavirus crisis that affected the strong growth in its monthly phone subscribers.
Nancy Pelosi, the US House Speaker, is expecting the House of Representatives on Thursday to pass the Congress' latest COVID-19 virus aid bill, paving its way for about $500B more in the economic relief due to the pandemic.
The elevator maker Kone surprised analysts by posting a smaller than anticipated 10% drop in its Q1 profit on Wednesday amid strong demand for the company's elevators and services despite the virus, sending its shares up 6.8% to €55.54.
China allowed 200 Samsung Electronics' staff from South Korea to enter Mainland China for its NAND memory chip factory expansion, the company announced on Wednesday.
On Wednesday, Brent oil prices followed WTI crude prices by plummeting, as Brent crude reached 1999 low level.
OYO Hotels and Homes, the Softbank Group-backed firm, cut the pay of all staff by 25% in India for the following four months, sending some of the company's employees on a leave with cut benefits.