L'Oreal CEO Jean-Paul Agon said on Friday that the French cosmetics company had a good January in China but that the spread of the coronavirus would have an impact on demand in the coming weeks.
Automakers and parts suppliers have had to shut factories in China, in line with government guidelines, or have flagged a hit to profits.
Japanese telco SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliot Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
The cost of insuring exposure to debt issued by Credit Suisse jumped by 3 basis points (bps) on Friday after Chief Executive Tidjane Thiam quit amid a power struggle at Switzerland's second-biggest bank.
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday as a weaker yen increased the value of its overseas sales.
U.S. interest in buying a stake in Ericsson would be positive for the company, but any deal would have to be at a far higher price level than today's valuation, major Ericsson owner and activist investor Cevian Capital said on Friday.
Hargreaves Lansdown co-founder and biggest shareholder Peter Hargreaves has sold 34.4 million shares in the investment platform, at more than a 6% discount to the stock's last close, a bookrunner said on Friday.
Toyota Motor Corp on Friday said production at all of its China plants would remain suspended through Feb. 16, joining a growing number of automakers facing stoppages due to supply chain issues as the coronavirus spreads.
The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their supply chains out of the country, according to a poll by Shanghai's American Chamber of Commerce.
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday.
Amazon.com Inc sellers are bracing for product shortages as Chinese workers - worried about the fast-spreading coronavirus - may be unable or unwilling to return to idled factories.
Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.
BP's head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland's second-biggest bank over a damaging spying scandal.