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European car sales forecast to drop by 25%

Bloomberg European car sales are forecast to drop by a record 25% this year after coronavirus pandemic shuttered factories ad showrooms, leading to a collapse in demand. Sales in the European Union are expected to fall to 9.6 million vehicles, from 12.8 million last year, the European Automobile Manufacturers Association said in its first forecast since January, before Covid-19 hit ...

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Bayer pays $12bn to put Monsanto liabilities behind it

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Bloomberg Bayer AG’s $12.1 billion settlement to resolve US lawsuits over its flagship weedkiller Roundup and other products offered fleeting relief to investors looking to move on from the legal woes that have hobbled the stock for almost two years. The shares rose as much as 3.6% in Frankfurt trading after the German company’s move to resolve a trio of ...

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US futures decline on virus worry; dollar fluctuates

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Bloomberg US equity futures slipped, while European stocks advanced as investors studied whether a resurgence in coronavirus infections will sap appetite for riskier assets. EasyJet Plc slumped after selling more shares. Deutsche Lufthansa AG rallied as its biggest stockholder backed a government rescue package. West Texas crude oil fell below $38 a barrel. Gold continued its push towards $1,800 an ...

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