China rejects Foxconn’s request to resume production in key Shenzhen plant: source
Taiwan’s Foxconn was not allowed to resume production in its plant in the southern Chinese city of Shenzhen that had been shut due to the coronavirus outbreak, a person with direct knowledge of the matter told Reuters on Monday.
Oil slips on weaker Chinese demand, traders await OPEC+ cuts
Oil prices slipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
In Dutch court, Ghosn seeks release of internal documents
Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .
GM to restart production in China from Feb. 15
General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.
Virus uncertainty weighs on global shares, dollar takes breather
Global shares fell on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares rose as authorities lifted some work and travel curbs, helping businesses to resume operations.
Oil slides lower as traders evaluate China’s demand, await OPEC+ cuts
Oil prices slipped lower on Monday as traders assessed China’s oil demand following the coronavirus outbreak and waited to see if major producers will cut output further to balance markets.
China’s return to work lifts local stocks while rest of Asia trails
Asian shares fell on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares gained as authorities lifted some work and travel restrictions, helping businesses to resume operations.
Israel’s Elbit Systems wins $136 million in contracts in Asia-Pacific
Israeli defense firm Elbit Systems Ltd said on Monday it won contracts worth $136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems.
No phones, no leaks: How Lagarde is making her mark on ECB
Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact.
Britain ‘reasonably confident’ of U.S. trade deal despite Huawei concerns
Britain takes U.S. concerns about its use of Huawei equipment seriously but is confident a trade deal with the United States will be among its first after leaving the European Union, its foreign secretary said on Monday.
