Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.
BAE Systems CEO optimistic about future Typhoon orders
The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible.
BAE Systems predicts 2020 growth despite Saudi ban
Britain’s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.
Daimler slims down Mercedes management in efficiency drive
German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG.
Dollar tramples yen and everything else in its path
The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and others from the euro to the Australian dollar were all knocked over.
Oil prices gain on supply threats; demand concerns from coronavirus ease
Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak.
Asian stocks slip as virus’ regional spread spooks investors
Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield.
Walmart’s struggling Japan unit finally delivers with online grocery growth
Walmart Inc might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
Oil rises on supply woes; demand concerns from coronavirus ease
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
Trump economist says ‘uncertainty’ from trade disputes hit business investment
A slowdown in U.S. growth last year was at least partly the fault of President Donald Trump’s global trade battles and the resulting hit to business investment, the administration’s top economist said on Thursday in an outlook for the coming years.
