Safe-havens rise on coronavirus concerns, stocks rebound
Gold rose and the dollar hit a four-month high against the euro on Monday on safe-haven appeal as the death toll from the coronavirus outbreak passed that of the SARS epidemic two decades ago, but Wall Street rallied to record highs.
Exor expects $13 billion for careful acquisitions after PartnerRe sale
Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters.
Xerox sweetens offer for HP
Xerox Holdings Corp raised its offer to buy HP Inc by $2 to $24 per share on Monday, following several rejections of its previous buyout offer by the PC maker.
Coronavirus prompts Sony, NTT to join Barcelona congress exodus
Japanese wireless carrier NTT Docomo and Sony Corp pulled out of the Mobile World Congress (MWC) in Barcelona on Monday because of the coronavirus outbreak.
China’s first-quarter smartphone sales may halve due to coronavirus: analysts
China’s smartphone sales may plunge by as much as 50% in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports.
Climate activists invade BlackRock office in Paris
Dozens of climate activists invaded U.S. asset manager BlackRock’s office in central Paris on Monday, calling for the fund to pull out of fossil fuel investments.
Amazon seeks to depose Trump about ‘order to screw Amazon’ in Pentagon deal
Amazon Web Services said on Monday it was seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over whether the president was trying “to screw Amazon” when it awarded a Pentagon contract for cloud computing to rival …
Apple iPhone maker Foxconn approved to resume Shenzhen plant production: source
Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday.
Geely targets expansion by tightening ties with Volvo
China’s Geely Automobile and Volvo are in talks about combining their businesses to create a stronger global carmaker with listings in Hong Kong and possibly Stockholm.
Exclusive: Hundreds of Chinese businesses seek billions to contend with coronavirus – sources
More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said.
