The French economy contracted 6% in the first three months of 2020, the worst performance since 1945, a report published by the French central bank BdF shows.
Shanghai foreign capital inflows increased to $4.67B in the first quarter of 2020, an increase of 4.5% compared to the same period the prior year, the municipal government reports.
Fiat Chrysler is in talks with unions over a plan to restart the most profitable production in Italy, right after the government eases the national lockdown, they announced on Wednesday.
HSBC reported itself to the Australian financial regulator for potential money laundering breaches, the bank reported in a regulatory filing on Wednesday.
On Wednesday, the world's second-largest fashion retailer H&M announced it signed a €980M revolving credit facility, aiming to boost its liquidity buffer amid the coronavirus pandemic.
On Wednesday, oil is holding near $32 a barrel, backed by hopes that the OPEC-led talks on Thursday will cause production cuts to boost prices, following their collapse amid the coronavirus outbreak.
On Wednesday, a German think tank revealed that in the second quarter of 2020 the German economy most likely shrank by 9.8%.
France's PSA Group is set to create a solidarity fund, seeking to help its staff affected by plant shutdowns due to the coronavirus outbreak, as well as introduce new measures to protect its workers' health.
On Wednesday, France's central bank said it estimated the Q1 GDP shrunk 6% from the prior quarter due to a global lockdown caused by the coronavirus outbreak, which hit the economy's vast swathes.
ASOS, Britain's online fashion retailer, raised £247M through a placing, aiming to boost its finances amid a possibility of an extended business downturn caused by the coronavirus outbreak.
Norway would ease the coronavirus lockdown little by little, Norway's Prime Minister Erna Solberg said on Tuesday.
On Tuesday, the US telecoms and media giant AT&T announced a new $5.5 billion long-term loan agreement with 12 banks to provide additional financial flexibility.
On Tuesday, the US Department of Transportation announced the minimum service rules for passenger airlines getting assistance from the US government.
On Tuesday, several Democrats in the US Congress urged the Treasury Secretary Steven Mnuchin and the Administrator of the SBA Jovita Carranza to fix the government's small business relief program.
The South Korean current account surplus increased to $6.41B in February, an increase of $2.56B from the same period the prior year, the Bank of Korea reports.
The unemployment rate in India increased to 8.7% in March, the highest level in almost 4 years, a report published by the Centre for Monitoring Indian Economy shows.
Italy plans to provide €400B in financial aid to businesses hit by the coronavirus outbreak, a statement from Italy's Prime Minister Giuseppe Conte shows.
The Shandong Port Group reported a throughput increase of 5.1% in the first quarter of 2020, compared to the same period the prior year.
The German industrial production outlook plummeted to minus 20.8 points in March from 2.0 points in February, a survey conducted by the Ifo Institute shows.
A total of 152 major projects worth $62.4B were signed in Shanghai as the city ramps up efforts to attract new investment and increase growth.
The We Company board's special committee has filed an official lawsuit on Tuesday against SoftBank Group, its biggest shareholder, challenging the decision to drop a $3.0B worth tender offer.
On Tuesday, Exxon Mobil Corp announced it would reduce its capital spending by 30% in 2020 amid plunging oil prices and energy demand, caused by the coronavirus crisis.
The EU finance ministers are likely to agree on economic aid worth half a trillion euros to help Europe recover after the coronavirus pandemic.
Germany's carmaker Volkswagen is planning to resume its operations at its Navarra plant in Spain on April 20, following its shutdown in mid-March amid the coronavirus outbreak.