British retail sales hit its record-low in March amid the coronavirus outbreak as a rise in food demand was dwarfed by a drop in clothing and other goods sales, with the plunge likely to get worse in April.
On Friday, Bank of America stated that a majority of investors has been buying up junk bonds, as markets started buying what the Federal Reserve buys.
Dish Network Corp has cooperated with the software firm Mavenir, aiming to build the next-generation 5G network by 2023, taking on the big three US telecommunications giants.
China's Hisense is planning to trim around 2,2K job positions in Europe by the 2020-end due to a slump in demand caused by the coronavirus crisis, the household appliances maker said.
Intel Corp does not see a necessity to update it full-year outlook due to economic uncertainty triggered by the coronavirus outbreak, after it forecast its Q2 earnings to miss Wall Street's expectations.
Japan's regional governor pledged $3.72B in emergency loans to Toyota's suppliers and small and mid-sized firms, as the carmaker is planning to nearly halve the output at its Japanese factories.
Eli Lilly posted a 15.1% surge in its Q1 sales, driven by robust sales of Trulicity, the firm's top-selling diabetes drug, and growing demand for other medicines amid the coronavirus outbreak.
Apple Inc is planning to launch a sale of its Mac computers with the company's own chips by 2021, based on the processor designs that are currently used in iPads and iPhones, according to Bloomberg.
The US House of Representatives passed a $484B coronavirus relief legislation during the Washington gathering on Thursday, bringing the total of US funds approved for the crisis to about $3 trillion.
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.
The South Korean chip producer SK Hynix reported an increase in revenue by 6.3% to $5.9B in the first quarter of 2020, data published by the company show.
The South Korean display panel producer LG Display announced an operating loss in the first three months of 2020 amid the COVID-19 outbreak, a statement published by the company shows.
China's Xinjiang Uygur Autonomous Region increased investment in capital assets by 5.2% in the first three months of 2020, the local bureau of statistics reports.
Daimler's earnings before interest and taxes declined 80% to $666M in the first quarter of 2020, compared to the previous year, the German car producer reports.
The Latvian government agreed to inject €54.43M in Riga International Airport amid the COVID-19 pandemic, a statement published by the Ministry of Transport shows.
China's delivery giant SF Holding announced revenue growth of 39.59% to $4.74B in the first three months of 2020, compared to the same period the prior year.
On Thursday, the US House of Representatives is set to gather in Washington and pass a $484B coronavirus relief legislation, bringing the total of US funds approved for the crisis to about $3 trillion.
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.