The coronavirus is threatening to disrupt large parts of China’s manufacturing machine and its global supply chains as the spread of infection and strict public health measures force companies and workers to remain idle.
Canadian billionaire Lawrence Stroll will take a stake of up to 20% in luxury carmaker Aston Martin Lagonda Global Holdings, as the ailing British firm raises funds after a sales decline put pressure on its finances.
Could Royal Dutch Shell plc (AMS:RDSA) be an attractive dividend share to own for the long haul? Investors are often… …read more […]
EU antitrust regulators are set to open a full-scale investigation into EssilorLuxottica’s 7.2-billion-euro bid for Dutch opticians group GrandVision , people familiar with the matter said on Friday.
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as headlines spoke of more cases and deaths, travel bans, evacuations and factory shutdowns.
Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin and rename his Formula One team after the 107-year-old company famed for being fictional secret agent James Bond’s car of choice.
(Bloomberg) — Volkswagen AG offered to buy the rest of Navistar International Corp. in a $2.9 billion bid to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler AG and Volvo AB.The expansion was somewhat offset by Volkswagen’s first major divestment since the German automaker skidded into the diesel-emissions scandal in 2015. An agreement to sell industrial machinery unit Renk AG, valued at 760 million euros ($840 million), indicates VW is more inclined to bulk up than slim down, even amid the costly shift to electric cars.The swoop for Navistar, which was first reported …read more […]
Japan’s JTB Corporation, Japan’s biggest travel agency, is suspending all tours to China, including Hong Kong and Macao, until February 29, Kyoto news agency reported on Friday.
Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice after a virus outbreak killed more than 200 people in China and spread to 18 countries.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Aston Martin Lagonda Global Holdings Plc secured a 500-million-pound ($656 million) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a stake to billionaire Lawrence Stroll.The shares posted their biggest gain ever on Friday after Aston Martin said a group led by Stroll will buy as much as 20% of the U.K. luxury carmaker as part of a rescue package.The Canadian investor will become executive chairman, according to a statement Friday. Bloomberg News reported …read more […]
Oil prices rose on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a global emergency over the spread of a coronavirus that originated in China last year.
Vietnamese carrier Vietjet will suspend all flights to and from China from Feb. 1 over coronavirus concerns, the company said on Friday.
Investors in Swedbank AB (publ) (STO:SWED A) had a good week, as its shares rose 6.9% to close at kr144 following the… …read more […]
Canadian billionaire Lawrence Stroll will take a roughly 20% stake in Aston Martin for nearly 200 million pounds ($263 million) as the ailing carmaker raises funds to turn around a poor performance hit by weaker-than-expected sales.
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