Alibaba Group Holdings said on Monday its affiliate Ant Financial’s MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.
Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .
Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10% of the factory’s workforce has managed to return so far, a source told Reuters.
Taiwan’s Foxconn was not allowed to resume production in its plant in the southern Chinese city of Shenzhen that had been shut due to the coronavirus outbreak, a person with direct knowledge of the matter told Reuters on Monday.
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]
More than 300 Chinese firms including Meituan Dianping , China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said.
Top news and what to watch in the markets on Monday, February 10, 2020. …read more […]
It’s been a good week for Bristol-Myers Squibb Company (NYSE:BMY) shareholders, because the company has just released… …read more […]
Oil prices slipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
Chevron Corporation (NYSE:CVX) stock is about to trade ex-dividend in 3 days time. This means that investors who… …read more […]
Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .
Record low spot prices for liquefied natural gas (LNG) are attracting buying interest from companies in Asia hunting a bargain after China’s top buyer of the fuel declared force majeure last week, four trade sources said on Monday. Sellers, however, are wary because of an array of operational issues, the sources said, speaking on condition of anonymity. Asian spot LNG prices touched a record low this month following reports China’s top LNG buyer China National Offshore Oil Corporation (CNOOC) had declared force majeure on some prompt LNG deliveries. …read more […]
Feb.10 — Shweta Singh, global macro and EU economics at TS Lombard, discusses Germany’s economy and her outlook for growth. She speaks on “Bloomberg Markets: European Open.” …read more […]
(Bloomberg) — As Chinese-based manufacturers begin to restart factories Monday, no one knows for sure when they’ll be back at full-speed — or what sort of chaos may ensue.Tech producers led by Foxconn, which makes the majority of the world’s iPhones from Zhengzhou a few hundred miles from the coronavirus outbreak’s epicenter, had begun preparing investors for the potential bedlam when hundreds of thousands make their way back to factories.Apple Inc.’s most important partner warned investors of the daunting task of securing enough workers despite widespread transport blockades, quarantining thousands, and the “nightmare” scenario of an on-campus epidemic that could …read more […]
General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.
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