Reuters

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Australia’s Treasury Wine, to cope with virus, weighs Penfolds demerger, U.S. cutback

SYDNEY (Reuters) – Australia’s Treasury Wine Estates Ltd (TWE.AX) said it may spin off the prestigious Penfolds label and shrink its low-end “commercial” division in the United States as it seeks ways to grow profit amid upheaval brought by the…
  • 08.04.2020

Tesla to furlough workers, cut employee salaries due to coronavirus

(Reuters) – Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak. Tesla said it planned to resume normal…
  • 08.04.2020

Nissan’s China sales drop 44.9% in March due to virus

BEIJING (Reuters) – Japanese automaker Nissan (7201.T) said on Wednesday its sales in China fell 44.9% from a year earlier to 73,297 units in March, as the coronavirus epidemic continues to hit the world’s biggest car market. Nissan, which has…
  • 08.04.2020

Hong Kong extends social distancing restrictions to contain coronavirus

HONG KONG (Reuters) – Hong Kong said on Wednesday social-distancing restrictions including the closure of some bars and pubs and a ban on public gatherings of more than four people would be extended until April 23 as it battles to…
  • 08.04.2020

Volkswagen Mexico says employee died in potential case of COVID-19

MEXICO CITY (Reuters) – Volkswagen Mexico issued a statement saying one of its employees in the country had died in a potential case of coronavirus. “Up until now, the company can neither confirm nor rule out if the cause of…
  • 08.04.2020

Dollar creeps higher as virus worries return

SINGAPORE (Reuters) – The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides…
  • 08.04.2020

Oil prices jump on hopes for OPEC, Russia meeting on output cuts

SEOUL (Reuters) – Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid…
  • 08.04.2020

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts

SEOUL (Reuters) – Oil climbed on Wednesday, reversing most of the prior session’s losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid…
  • 08.04.2020

UK finance minister Sunak, 39, next in line to lead country after Raab

LONDON (Reuters) – British finance minister Rishi Sunak would take responsibility for leading the country if Dominic Raab, currently standing in for hospitalised Prime Minister Boris Johnson, were also incapacitated. Johnson spent a night in intensive care receiving oxygen treatment…
  • 08.04.2020

Japan’s SoftBank to invest $48 million in Brazil pet products site Petlove

SAO PAULO (Reuters) – Japan’s SoftBank Group Corp (9984.T) reached an agreement to invest 250 million reais ($48 million) in pet products online retailer Petlove, the companies said in a statement on Tuesday. The investment will come from SoftBank’s Latin…
  • 08.04.2020