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Cathay Pacific to further cut passenger capacity in May due to COVID-19
Hong Kong's flagship airline Cathay Pacific said that the company will continue to reduce its capacity of passenger network to 3 percent in May.
ANA's FY 2019 group net profit hammered by COVID-19
Japan's largest airline ANA Holdings said that its group net profit in the business year plummeted from a year earlier due to the COVID-19 pandemic.
China Vanke's Q1 net profit up 11.5 pct
China Vanke Co., Ltd. posted net profit of 1.25 billion yuan in the first quarter of 2020, up 11.5 percent year on year.
Acquisition of Vossloh Locomotives by CRRC approved
China Railway Rolling Stock Corporation (CRRC), was granted approval to acquire German Vossloh Locomotives.
German airline Condor to receive gov't loan of 597 mln USD
German holiday airline Condor has been cleared by the European Commission to receive a government loan of 550 million euros ($597 million).
German pharma company Bayer reports strong Q1 performance
Bayer AG said on Monday that it had increased year-on-year net income by 20 percent to 1.49 billion euros in the first quarter (Q1) of 2020.
Adidas' net income plunges 96 pct in Q1 due to COVID-19 pandemic
German sportswear manufacturer Adidas said that its first-quarter net income was 26 million euros, down 96 percent from the same period last year.
Deutsche Bank expects above-market Q1 results, warns of credit defaults
Deutsche Bank said it expects better-than-expected pre-tax profit and net income for the first quarter of 2020 but warned of credit losses.
Japanese company in Hunan upbeat about China market
The president of Changsha Pacific Hanya Auto Parts firm in Hunan is confident about a rebounding demand and the Chinese market at large.
RwandAir cuts salaries to reduce expenditure amid COVID-19 pandemic
Rwanda's national flag carrier RwandAir on Sunday said it had resolved to reduce employees' salaries as part of measures to reduce expenditure.
Bright Dairy net profit up 45.8 pct in 2019
Bright Dairy, a Shanghai-based major dairy food maker, reported year-on-year net profit growth of 45.8 percent in 2019.
Great Wall Motor posts profit decline in 2019
Chinese carmaker Great Wall Motor said its net profit fell 13.6 percent year on year in 2019 as the world's largest auto market slowed.
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