Panasonic posts first 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.
France’s Renault extends Wuhan plant closure to Feb. 13
French carmaker Renault will extend a shutdown at its factory in China’s Wuhan until Feb. 13, in line with the Chinese government’s guidance over the coronavirus for workers in the city and extended Lunar New year holidays, a spokeswoman said on Monda…
Global shares hit seven-week lows as virus fears savage China’s markets
World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in China.
Imperial Brands hires Inchcape’s Bomhard as new CEO to revive e-cigarette sales
Cigarette maker Imperial Brands Plc named Stefan Bomhard, CEO of car dealer Inchcape , as its new chief executive on Monday to steer the company through challenges in e-cigarettes and vaping and falling consumption of tobacco products.
Huawei, Chinese chip makers keep factories humming despite virus outbreak
Some technology firms in China have maintained operations to manufacture parts and products despite government calls in various cities and provinces for companies to halt work to help stop the spread of a new coronavirus.
Santander’s chairman Ana Botin increases shares in bank by 1 million: regulator
The chairman of Spain’s Santander , Ana Botin, last week bought 1 million shares in the bank, according to a regulatory filing published on Monday.
Virus fears wipe $393 billion off China’s stock market despite government support moves
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year….
Shares of food delivery giant Just Eat-Takeaway start trading
Shares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway’s $7.8 billion acquisition of British food deliverer Just Eat, commence trading on the London Stock Exchange on Monday.
Julius Baer to cut 300 jobs after 2019 profit drop
Julius Baer will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a double-digit percentage earnings fall during 2019.
Ryanair says MAX woes could delay growth plans by up to two years
Ryanair may have to push back its long-term target of flying 200 million passengers per year by as much as two years due to delays in the delivery of Boeing’s 737 MAX jet, Europe’s largest low-cost carrier said on Monday.
