Fiat Chrysler said it was temporarily halting operations at some of its Italian factories in Italy and would reduce production in response to Europe's largest coronavirus outbreak. [nL8N2B42DD]
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There was mixed action in global financial markets Wednesday, as European stocks responded to a surprise rate cut by the Bank of England while U.S. stock futures signaled a retreat from the prior day’s massive gains.
(RTTNews) - European stocks were moving higher on Wednesday after China declared that it has "basically curbed" the spread of the coronavirus disease in Wuhan, the central city at the heart of the global epidemic.
(RTTNews) - Daqo New Energy Corp. (DQ) reported that its fourth-quarter adjusted earnings per ADS increased to $1.72 from $1.16, a year ago. Adjusted net income attributable to Daqo shareholders was $24.5 million, compared to $15.7 million, a year ago.
Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country, the largest in Europe, a spokesman for the automaker said on Wednesday.
Japan's Sharp Corp said on Wednesday it has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others, seeking an injunction to ban one of Vizio's TV products in the United States.
Britain's economy flat-lined in January, contradicting other signs of a rebound after Prime Minister Boris Johnson's big election win, according to official data which has yet to reflect the impact of coronavirus.
(RTTNews) - U.K. stocks were moving higher on Wednesday after the Bank of England cut interest rates by half a percent to support businesses affected by the economic uncertainty amid the coronavirus outbreak.
Russia's finance ministry is set to close the deal to purchase the central bank's stake in Sberbank in April in a single transaction, Finance Minister Anton Siluanov said on Wednesday.
Yields on Japanese government bonds (JGB) mostly edged lower on Wednesday, tracking overnight moves in U.S. Treasuries, on hopes that governments and central banks would take steps to reboot economies affected by the global spread of coronavirus.
Italian government bond yields fell from recent highs on Wednesday on expectations the European Central Bank will boost monetary stimulus when it meets on Thursday, to counter the impact of the coronavirus outbreak on the European economy.
Britain's benchmark two-year government bond yield dropped on Wednesday after the Bank of England cut interest rates by half a percentage point. [nL8N2B41H4]
Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been exposed to it, the ride-hailing company said on Wednesday.
Turkey revised its 2019 current account surplus up to $8 billion from a previously-announced $1.7 billion, the central bank said on Wednesday as part of a planned adjustment to calculations that could raise questions among investors and economists.
Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak.
London stocks jumped on Wednesday, following a four-day slump, after the Bank of England unexpectedly cut interest rates to shield the economy from the impact of the coronavirus outbreak.
Most major Gulf markets slipped in early trade on Wednesday as Saudi Arabia appeared to follow through with its promise to boost crude oil output amid a price war with Russia.
Reuters
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