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California county says Tesla factory cannot operate normally in coronavirus shutdown

Reuters Business News - Tue, 03/17/2020 - 20:44
Tesla Inc cannot continue to operate its main U.S. vehicle factory normally as the San Francisco Bay Area has begun a three-week lockdown to rein in the spread of coronavirus, a spokesman for the county sheriff's office said on Tuesday.
Categories: Reuters

Fujifilm Holdings shares hit daily limit high on China coronavirus drug trial boost

Reuters Business News - Tue, 03/17/2020 - 20:42
Shares in Japan's Fujifilm Holdings Corp were untraded at their daily limit high amid a glut of buy orders on Wednesday after a Chinese official said the company's Avigan anti-flu drug appeared to help coronavirus patients recover.
Categories: Reuters

U.S. regulator proposes path for non-banks to gain deposit license

Reuters Business News - Tue, 03/17/2020 - 20:30
A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage in other limited banking activities.
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World Bank adds $2 billion to funds available for coronavirus response

Reuters Business News - Tue, 03/17/2020 - 20:29
The World Bank on Tuesday said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3.
Categories: Reuters

U.S. stock futures dip as coronavirus spread overshadows stimulus

Reuters Business News - Tue, 03/17/2020 - 20:19
U.S. stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.
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Latam carriers see 'bankruptcy pandemic' risk, Chile opposes bailout

Reuters Business News - Tue, 03/17/2020 - 20:16
Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations, the chief of regional airline association ALTA said on Tuesday.
Categories: Reuters

Exxon pays more to borrow amid market turmoil

Reuters Business News - Tue, 03/17/2020 - 20:03
Exxon Mobil Corp paid a big premium to raise $8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fueled by the coronavirus outbreak eroded investor confidence in the largest U.S. oil producer.
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SoftBank lays ground to abandon $3 billion WeWork tender offer: sources

Reuters Business News - Tue, 03/17/2020 - 20:00
SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm has not met the conditions for the deal, people familiar with the matter said on Tuesday.
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Credit Suisse sharply cuts Mexico's 2020 GDP, sees economy shrinking by 4%

Reuters Business News - Tue, 03/17/2020 - 19:55
Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, according to a note sent to the bank's clients on Tuesday, adding to a series of downgrades since the coronavirus spread.
Categories: Reuters

Fujifilm Holdings shares untraded on glut of orders after China says drug works against coronavirus - Kyodo

Reuters Business News - Tue, 03/17/2020 - 19:35
Shares in Japanese company Fujifilm Holdings Corp were untraded due to a glut of buy orders after Kyodo news agency reported on Wednesday that China said the company's Avigan drug works against coronavirus.
Categories: Reuters

California county says Tesla factory cannot operate normally in coronavirus shutdown

Reuters Business News - Tue, 03/17/2020 - 19:33
Tesla Inc cannot operate its main U.S. vehicle factory normally as the San Francisco Bay Area has begun a three-week lockdown to rein in the spread of coronavirus, a spokesman for the county's sheriff's office said on Tuesday.
Categories: Reuters

Amazon warehouses receive only vital supplies in U.S., Europe amid coronavirus

Reuters Business News - Tue, 03/17/2020 - 19:17
Amazon.com Inc will only receive vital supplies at its U.S. and UK and other European warehouses until April 5, its latest move to free up inventory space for medical and household goods in high demand as a result of the coronavirus outbreak.
Categories: Reuters

H&M closes all stores in biggest markets Germany and the United States

Reuters Business News - Tue, 03/17/2020 - 19:13
H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak.
Categories: Reuters

UK's Sainsbury's to limit customer purchases, close cafes to get through coronavirus

Reuters Business News - Tue, 03/17/2020 - 19:03
British supermarket group Sainsbury's is to restrict customer purchases to combat panic buying, close its in-store cafes and counters and beef-up online services to get it through the coronavirus crisis, it said on Wednesday.
Categories: Reuters

Credit Suisse sharply cuts Mexico's 2020 GDP, now sees economy shrinking by 4%

Reuters Business News - Tue, 03/17/2020 - 18:52
Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday.
Categories: Reuters

Adidas joins Nike in announcing store closures over coronavirus

Reuters Business News - Tue, 03/17/2020 - 18:42
German sportswear maker Adidas on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic.
Categories: Reuters

Tiffany & Co to temporarily shut several stores, cuts hours at others

Reuters Business News - Tue, 03/17/2020 - 18:37
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Categories: Reuters

California considers whether Tesla factory can operate in coronavirus shutdown

Reuters Business News - Tue, 03/17/2020 - 18:31
Local California officials on Tuesday were evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay Area begins a three-week lockdown to rein in the spread of coronavirus.
Categories: Reuters

More than 4,500 Delta flight attendants request unpaid leave in April: document

Reuters Business News - Tue, 03/17/2020 - 18:29
Delta Air Lines has received over 4,500 requests from flight attendants for voluntary unpaid leave in April, according to a March 14 paper seen by Reuters.
Categories: Reuters

Credit Suisse sees 2020 economic contraction in Mexico of 4%

Reuters Business News - Tue, 03/17/2020 - 18:23
Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday.
Categories: Reuters
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