Siemens Gamesa boosting risk management to fend off project delays: CEO
Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that dragged it to a loss at the beginning of this year, Chief Executive Marcus Tacke said on Tuesday.
Indonesia says to stop livestock imports from China
Indonesia said on Tuesday its plan to temporarily stop some imports from China over coronavirus concerns would only apply to shipments of live animals, and not all food and beverage products, a senior minister said.
Mitsui CFO: China virus outbreak may slow manufacturing activity
Japan’s Mitsui & Co sees China’s coronavirus outbreak possibly slowing manufacturing activity, while slumping commodities prices, including iron ore, may weigh on its earnings, the trading house’s executive said on Tuesday.
China to push medical factories to resume, expand production
The Chinese government will push medical products factories to resume or expand production, state television said on Tuesday after a meeting chaired by Premier Li Keqiang on the coronavirus outbreak.
Exclusive: India may issue $5 billion of bonds next year with no foreign investment cap, sources say
India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to list the bonds on global indices and attract more foreign funds, according to two finance ministry sources.
Ferrari core profit misses estimates in fourth-quarter, lifts 2020 guidance
Ferrari said on Tuesday its fourth-quarter core profit rose 22% to meet the Italian luxury carmaker’s upgraded forecasts for last year.
ING ordered to pay 30 million euros to settle Italy money-laundering probe: source
A Milan court ordered Dutch lender ING to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday.
Wizz Air’s top shareholder cuts stake to comply with ownership rules
Wizz Air’s largest shareholder, U.S.-based private equity firm Indigo Partners, carried out a long-time plan to cut its stake in the company as the Budapest-based low-cost airline works to comply with European Union ownership rules.
Electric future: Britain to ban new petrol and hybrid cars from 2035
Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.
China’s airlines told not to axe global flights as thousands cut
China’s civil aviation authority has urged domestic carriers to continue flying international routes as they consider cuts in response to a drop in demand due to the coronavirus outbreak, state news agency Xinhua reported on Tuesday.
