Abbott Laboratories reported on Thursday its quarterly profit dropped as much as 16% to $564M due to its annual forecasts suspension and a tax expense caused by the coronavirus crisis.
On Thursday, Morgan Stanley reported a 32% plunge in its quarterly profit as the financial holding company's businesses were hit by the economic fallout amid the COVID-19 pandemic.
Uber Eats is expecting a 59% surge in orders for its March grocery delivery across Europe, compared with the prior month's reading, as EU countries had locked down to battle the coronavirus.
On Thursday, the People's Bank of China stated that it would cut the bank's reserve requirement ratios.
Lyft has launched its on-demand meal, grocery and medical supplies service in some of the US city, as many Americans are staying at their houses amid the coronavirus outbreak.
Xilinx Inc, the US semiconductor firm, has become Samsung Electronics' new chip supplier for its 5G networking equipment after winning the deal, the financial terms of which are not disclosed.
The US President Donald Trump is set to announce new guidelines on reopening the US economy during the news conference later on Thursday, after the country passed its peak on new registered coronavirus infections.
Alphabet's Google CEO Sundar Pichai stated the tech giant would slow down the pace of new staff hiring until the next year, a Bloomberg report showed on Thursday.
Best Buy announced that it is set to furlough about 51K US store employees, adding that its sales fell nearly 5% in the first two months of the current quarter.
Volkswagen announced that factories producing cars Germany and Slovakia will restart production on April 20, with other locations relauching from April 27 onwards.
Toyota Motor Corp. is set to resume production at the company''s Onnaing plant in France on April 21.
Harley-Davidson temporarily laid off some of the company's global production employees and implemented salary cuts, aiming to lower costs, as the coronavirus outbreak hurt the business.
Cyprus raised €1.75B from issuing long-term bonds as the country plans to inject additional funds in the economy amid the pandemic, the Finance Minister Constantinos Petrides says.
World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.
Thailand's central bank plans to provide financial aid worth $27.48B to small and medium-sized businesses amid the coronavirus outbreak, the Governor Veerathai Santiprabhob says.
The US retail sales decreased 8.7% in March, as mandatory business suspensions to control the spread of the virus outbreak depressed demand goods.
Toyota Motor is set to cut production of finished cars 40% in Japan in May, as demand falls globally due to the coronavirus pandemic.
Canada's GDP slumped 9% in March, as the virus outbreak forced the economic activity drop during the month.
Citigroup reported on Wednesday its quarterly profit tumbled 46% as the lender pledged about $5.0B to prepare for a potential flood of loan defaults amid a virtual suspension in economic activity triggered by the coronavirus crisis.
The Brazilian airline Azul has hired Galeazzi & Associados to restructure its financial and suppliers debt, according to the local O Estado de S. Paulo newspaper.
On Wednesday, Bank of America reported a 48.5% drop in its quarterly profit, after it pledged $3.6B to cover potential losses related to the coronavirus crisis.
On Wednesday, the US largest health insurer UnitedHealth Group had topped Q1 profit expectations, driven by strength across the company's businesses, sending its shares up 2.6% to $277.50 before the bell.
On Wednesday, the Prime Minister of Japan Shinzo Abe stated that the emergency one trillion US Dollar stimulus could boost Japan's GDP by 3.8%.
The US electric car maker Tesla's China vehicle registrations surged as much as 450% to 12,709 units in March from 2,314 in the prior month, according to the auto consultancy LMC Automotive's data.