January 29, 2020

Asian shares turn red as Hong Kong tumbles on China virus

Asian shares erased earlier gains on Wednesday, swinging into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled […]
January 29, 2020

Foxconn says plans in place to meet production obligations after virus outbreak

TAIPEI – Apple Inc supplier Foxconn said it could continue to meet all manufacturing obligations in the wake of a coronavirus outbreak in China even as […]
January 29, 2020

Oil rises as investors take stock of economic hit from virus

Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day fall on talk OPEC could extend oil cuts if a […]
January 29, 2020

Renault turns to VW’s De Meo as car maker seeks fresh start

Renault’s Tuesday named Luca de Meo, the former head of Volkswagen’s Seat brand, as its next chief executive, as the car maker looks to draw a […]
January 29, 2020

JPMorgan plans to cut hundreds of jobs in consumer unit: Bloomberg

U.S. bank JPMorgan Chase & Co is planning to cut hundreds of jobs across its consumer division, Bloomberg reported https://bloom.bg/2GsDvzw on Tuesday, citing people briefed on […]
January 29, 2020

Nissan says it plans to sell 1.6 million cars in China this year

Japanese carmaker Nissan Motor Co said on Wednesday it planned to sell about 1.6 million vehicles in China, the world’s biggest auto market. Powered by WPeMatico
January 29, 2020

Airlines cut China flights as companies restrict travel on virus fears

Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to […]
January 29, 2020

Proton-packed Geely takes on Honda and Toyota in Southeast Asia

Li Chunrong was hired by Chinese automaker Geely to revive the fortunes of the Proton brand in Malaysia, and it took him two years to eclipse […]
January 28, 2020

Starbucks sees hit as coronavirus prompts over 2,000 China store closures

Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed […]
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