Jaguar Land Rover to run out of Chinese parts for UK production after two weeks
Jaguar Land Rover has enough parts from China to maintain its British production for the next two weeks but not beyond that at the moment, Chief Executive Ralf Speth said on Tuesday.
Oil falls below $57 on virus impact, OPEC+ delay
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Hedge funds take do-it-yourself approach to gauge coronavirus impact
As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.
Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – document
Vodafone and Telecom Italia (TIM) have offered to give rivals access to some of their infrastructure for up to nine years to allay EU antitrust concerns over plans to merge their tower units, according to a document seen by Reuters.
Walmart sees slower online sales growth after tepid holiday quarter
Walmart Inc on Tuesday forecast online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online.
Coronavirus threatens Apple supply chain, sales; shares drop
Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain.
Apple virus warning shakes stocks, euro near three-year low
World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies and Europe’s largest economy, Germany, reported damage from the coronavirus outbreak.
Coronavirus dents bookings for Holiday Inn owner IHG
InterContinental Hotels (IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak.
Exclusive: JPMorgan shakes up investment bank in leadership makeover – sources
JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters.
Factbox: JPMorgan names new global leaders at investment bank – sources
JPMorgan has shifted some of its top dealmakers to a newly-created executive committee of global chairs of investment banking to deepen ties with major clients and mentor the next generation of star bankers, two sources told Reuters.
