Selling abates after virus causes worst day since October
European markets stabilized on Tuesday after worries about the economic fallout of China’s spreading coronavirus set off the worst global rout in months.
Oil rout extends to sixth day as China virus death toll rises
Oil futures were set for a sixth day of losses on Tuesday as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears.
Coronavirus infects Asia stocks with exposure to China
Shares of companies highly exposed to China’s economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a virus outbreak, and even as some stocks involved in preventative health spiked.
Sainsbury’s Coupe says exit not due to failure of Asda deal
The boss of British supermarket group Sainsbury’s , Mike Coupe, said he was not stepping down in May because of his failure to buy rival Asda last year.
Airbus agrees to settle corruption probes with U.S., France, UK
Airbus has agreed in principle to a settlement with French, British and U.S. authorities over an investigation into allegations of bribery and corruption, it said on Tuesday.
Oil steadies after multi-day rout over China virus
Oil futures steadied on Tuesday after five days of declines on concerns a virus outbreak in China could dent demand for oil, with some analysts suggesting the falls may be overdone.
At Exxon, CEO’s promised turnaround sapped by chemicals, refining
At Exxon Mobil Corp , CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining.
Coronavirus outbreak may disrupt Apple’s iPhone production ramp up plans: Nikkei
Apple Inc’s plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday.
Airbus agrees to settle corruption probes with France, Britain, U.S.
European planemaker Airbus SE said on Tuesday that it has agreed to reach a settlement with French, British and U.S. authorities regarding a probe into allegations of bribery and corruption.
Stocks crumble as China virus toll mounts, safe havens in favor
Asian stocks took a battering on Tuesday as the death toll from a virus in China climbed, leaving investors fretting over the widening economic fallout from the outbreak and lifting bonds on expectations central banks would need to keep stimulus flowin…
