Mitsubishi UFJ Financial Group Inc (MUFG) , Japan's largest lender by assets, posted on Tuesday a 25.7 billion yen ($236 million) net loss in the third quarter, as its banking unit booked a one-off charge on an Indonesian subsidiary.
Hyundai Motor said it will suspend production in South Korea, its biggest manufacturing base, becoming the first major automaker to do so outside China due to disruption in the supply of parts resulting from the coronavirus outbreak.
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley.
Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg's biggest market, but the Danish brewer said on Tuesday it was not changing its forecast or strategy for China as a result of the coronavirus outbreak.
Hedge funds are holding their nerve on China's ability to rebound quickly from the coronavirus outbreak rattling global markets, but many are also adding caveats as they try to predict the potential economic fallout.
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan's largest lender by assets, reported a net loss in the third quarter, for the first time in nearly a decade, as its banking unit booked a one-off charge on an Indonesian subsidiary.
Hyundai Motor said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside of China.
Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said.
Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows.
French healthcare company Sanofi said on Tuesday it was being investigated over Depakine, an epilepsy drug which caused birth malfunctions and slow neurological development when taken during pregnancy.
Pandora's business in China has ground to a halt, the jewelry maker and retailer said on Tuesday, as a new flu-like virus forced the company to shut around a third of its stores in one of its top markets and shoppers stay at home.
Siemens Gamesa Chief Executive Marcus Tacke said on Tuesday the wind turbine maker had acted quickly to make sure the impact of project delays that dragged it to a loss at the beginning of the year would not happen again.
The global economic slowdown in the wake of China's coronavirus outbreak is set to reduce global oil demand in 2020 by up to 0.5%, BP's Chief Financial Officer Brian Gilvary said on Tuesday.
Wind turbine maker Siemens Gamesa sees no major disruption to its supply chain as long as factories in China reopen quickly following the recent outbreak of a new coronavirus, its chief executive said on Tuesday.