Global stocks, commodities firmer as virus fever abates
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows.
Sanofi investigated over epilepsy drug linked to birth defects
French drugmaker Sanofi said on Tuesday it was being investigated over Depakine, an epilepsy drug which caused birth malfunctions and slow neurological development when taken during pregnancy.
Jeweler Pandora says China business at a ‘standstill’
Pandora’s business in China has ground to a halt, the jewelry maker and retailer said on Tuesday, as a new flu-like virus forced the company to shut around a third of its stores in one of its top markets and shoppers stay at home.
Siemens Gamesa has acted fast to prevent new project delays: CEO
Siemens Gamesa Chief Executive Marcus Tacke said on Tuesday the wind turbine maker had acted quickly to make sure the impact of project delays that dragged it to a loss at the beginning of the year would not happen again.
Coronavirus to hit oil demand by around 0.5% in 2020: BP CFO
The global economic slowdown in the wake of China’s coronavirus outbreak is set to reduce global oil demand in 2020 by up to 0.5%, BP’s Chief Financial Officer Brian Gilvary said on Tuesday.
Siemens Gamesa relies on Chinese factories reopening despite coronavirus: CEO
Wind turbine maker Siemens Gamesa sees no major disruption to its supply chain as long as factories in China reopen quickly following the recent outbreak of a new coronavirus, its chief executive said on Tuesday.
Oil prices rebound, fueled by hopes for OPEC+ supply cuts
Oil prices clawed back ground on Tuesday, rising as much as 1% after the previous session’s slump, amid hopes for new output curbs from OPEC and its allies to offset any drop in fuel demand that might be triggered by China’s coronavirus outbreak.
Bottled water firms turn on the taps with filters, flavors and fizz
A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo’s SodaStream.
Glencore fourth-quarter down in most metals but 2020 targets unchanged
Glencore posted a 6% fall in fourth-quarter copper production and a 13% decline in cobalt as the miner and trader shut its Mutanda mine ahead of schedule.
BP boosts dividend despite profit fall as CEO Dudley bows out
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley.
