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.
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.