February 12, 2020

BASF picks German state of Brandenburg as battery materials production site

Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a 400 […]
February 12, 2020

S&P 500, Dow hit all-time highs as coronavirus spread slows

The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in […]
February 12, 2020

Gucci owner Kering halts spending in China on virus fears

Gucci-owner Kering has temporarily shut half of its stores in China, and shelved new openings and advertising campaigns there, as the coronavirus outbreak throws luxury brands […]
February 12, 2020

Nissan sues Ghosn for damages, risks plunging to loss

Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the […]
February 12, 2020

Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead

Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street […]
February 12, 2020

Organisers poised to call off Mobile World Congress: sources

Organisers of the Mobile World Congress (MWC) will decide on Wednesday whether to cancel the event, two sources said, after several major European telecom companies pulled […]
February 12, 2020

Oil rises 3% as fall in new coronavirus cases in China eases fuel demand concerns

Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand […]
February 12, 2020

Alstom board meeting to decide on bid for Bombardier rail business: source

French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a source […]
February 12, 2020

Telecoms group Orange to also pull out from Mobile World Congress: source

French telecoms group Orange has also decided to pull out of the Mobile World Congress telecoms event in Barcelona due to concerns over the coronavirus, said […]
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