Nokia explores strategic options: Bloomberg News
There is no truth to the report, a source close to the company said, while Nokia declined to comment. (bloom.bg/3a1uMAW)
China (PRC)
Masks in luggage: How a Malaysian tech firm reopened its China factory
PENANG, Malaysia (Reuters) – When news of the coronavirus outbreak spread around the world in…
Global stocks outlook still positive, but vulnerable to coronavirus: Reuters poll
Last year was a bumper year for stocks, with all 17 top global indexes polled by Reuters ending the year higher than where they started. Only one did not rise by a double-digit percentage.
Fiat Chrysler halts production in Serbia over China disruption
Planned downtime at the Kragujevac plant in Serbia, where FCA builds its Fiat 500L car, has been rescheduled “due to availability of certain components sourced in China”, a spokesman for the Italian American automaker said.
Oil rises over 1% on hopes demand will rebound from coronavirus effect
Brent crude LCOc1 rose 98 cents, or 1.74%, to settle at $57.32 a barrel. It rose 5.23% since last Friday, its first weekly increase in six weeks.
Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact
The MSCI Emerging Markets Index .MSCIEF, which measures stock performance, has rebounded 4% from its early February low, though it remains down on the year. Another index measuring emerging markets currency performance .MIEM00000CUS was still sharply lower, reflecting the slide in a range of currencies from Asia to Latin America.
Injured by China’s trade practices? Call 202-395-3900, USTR says
Deputy USTR Jeffrey Gerrish will head the new office, which will field complaints about China’s implementation of the agreement from companies and other interested parties, the agency said in a statement.
Stocks edge up with positive chipmaker forecast, oil gains for the week
Wall Street climbed late in the session following a CNBC report, citing sources, that the White House was considering a tax incentive for Americans to buy stocks.
Toyota to resume China output at three plants next week
The resumption of production had initially been slated for Feb. 3 following the Chinese Lunar New Year holidays, but was delayed because of the new coronavirus outbreak in China.
Factbox: Carmakers look to resume China output after virus forced closures
Below are details on carmakers’ plans (in alphabetical order):
Factbox: Sports events hit by the coronavirus epidemic
(Reuters) – The following is a list of international sports events hit by the outbreak of the new coronavirus.
Deere’s shares hit all-time high on unexpected rise in quarterly profit
Shares were up 8% at $179.16 in mid-afternoon.