News Page 5

UK economy declines 5.8 per cent in March, fastest pace on record

UK gross domestic product fell by 5.8 per cent in March compared with the previous month, the largest drop since 1997

Ramla Soni
Toyota predicts 80 per cent fall in profit

Faced with limited output and weak demand, Toyota is eyeing a colossal $13.95bn hit from a fall in global vehicle sales in 2020

Capital.com News
Leading US shale firm warns of imminent bankruptcy

Chesapeake Energy struggles to cope with plunge in demand for oil caused by coronavirus and effects of recent Russo-Saudi price war

Lawrence Gash
JPMorgan provides banking services to crypto exchanges for the first time

America’s largest bank approves exchange accounts for Coinbase and Gemini

Lawrence Gash
Tentative recovery for oil prices

Oil prices have climbed back from recent low, bolstered by further production cuts and hopes for higher demand as lock-down restrictions are eased. But American experts warn it will be 18 months before US fuel demand returns to pre-crisis levels.

Dan Atkinson
PNC to sell 22 per cent stake in BlackRock

BlackRock’s biggest shareholder, PNC Financial, is selling its $17bn stake in the asset manager as the threat of pandemic-induced bad debts looms.

Ramla Soni


Saudi Aramco earnings take 25 per cent hit

Saudi state energy company Saudi Aramco’s first-quarter earnings plunge from more than $22bn to less than $17bn due to coronavirus chaos.

Ramla Soni
AngloGold Ashanti reports 231 per cent increase in cash flow despite production loss

First quarter free cash flow before investment in growth projects rose 231 per cent year-on-year to $94 million

Ramla Soni
Bike shop stocks jumps after Johnson recommends cycling

UK retailer Halfords up 22 per cent following Prime Minister’s announcement

Lawrence Gash
Silicon Valley start-up Carta looks to launch private share trading platform

Companies on CartaX will need to be worth more than $1bn

Ramla Soni
Dollar slips against the yen on coronavirus crisis

Once a currency-market flashpoint, the yen/dollar relationship has been calmer in recent years. But with both countries feeling the effects of the Covid-19 crisis, stability between these two huge monetary units cannot be guaranteed.

Dan Atkinson
Turkish lira reaches record low

The lira slipped to a low of 7.2598 per US dollar in morning trading

Ramla Soni
World food prices fell sharply in April, reports the UN

Oil price slump has knock-on effect on sugar demand

Lawrence Gash
Liberty Global and Telefonica agree on £31 billion merger

The joint venture will invest £10 billion in the UK market over the next five years

Ramla Soni
Disney suspends dividend after earnings plummet
Disney suspends dividend after earnings plummet

Covid-19 crisis devastates parks division, though Disney + and ESPN help to offset significant losses

Lawrence Gash