Oil hits 13-month lows as coronavirus worries rattle market
Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.
Electric cars grab 44% market share in Norway in January
Electric cars accounted for a 44.3% share of Norway’s new car sales in January, rising year on year but falling short of the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday.
Global stocks jump as China markets reopen, dollar gains
The dollar strengthened and a gauge of global stocks jumped, lifted by an unexpected rebound in U.S. manufacturing that helped temper fears that caused stocks overnight in Asia to plunge on the potential impact of the coronavirus in China.
Panasonic posts 1st quarterly profit in U.S. battery business with Tesla
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner.
Women leaders are good for business, says EU bank watchdog
Two thirds of smaller banks typically have only men as executive directors, while lenders with men and women in top roles were likely to be more profitable, the European Union’s banking watchdog said on Monday.
Swatch cancels retailer event in Zurich amid coronavirus uncertainty
Swatch Group has canceled a retailer event in Zurich at the end of the month because of the coronavirus outbreak, the Swiss watchmaker said on Monday.
Factbox: Real estate veteran Mathrani to lead WeWork turnaround as CEO
(This February 3 story was corrected to remove reference to Mathrani attending British boarding school Eton)
Wall Street rebounds as U.S. manufacturing expands in January
Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.
U.S. manufacturing rebounds; construction spending falls
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
Brexit trade deal clash: UK and EU spar over rules
The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.
