India’s Tata Motors warns of JLR profit hit due to coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales...
World stocks succumb to virus as cases spread, disruptions grow
Global stock markets tumbled on Friday as disruptions to business from the spreading coronavirus epidemic worsened, stoking fears of a prolonged economic slowdown....
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day...
China’s first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China’s economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago...
Peugeot CEO Tavares says China strategy needs rethink
Peugeot boss Carlos Tavares said on Friday PSA and Fiat Chrysler (FCA) will need to review their strategy in China after the closing of the...
India’s Yes Bank plunges 60%, panicked depositors rush to withdraw funds
Shares in India’s Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank took control in a...
EssilorLuxottica forecasts profit growth despite coronavirus impact
EssilorLuxottica expects continued profit growth this year after stronger 2019 results, saying on Friday the outbreak of coronavirus had not hit output at its Italian...
India’s Yes Bank plunges 35% as central bank takes control
Shares in India’s Yes Bank dropped nearly 35% on Friday to their lowest in more than a decade, after the central bank took control and...
Oil drops on demand doubts, fears that producer output cuts not yet agreed
Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over...
Timeline: India central bank takes control of bad loan-burdened Yes Bank
India’s central bank took control of the country’s fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear...