Kuwait's oil minister said on Tuesday he is optimistic about the outcome of OPEC meetings this week and continued cooperation among OPEC+ countries, Kuwait state news agency KUNA reported.
OPEC ministers are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the new coronavirus.
Daimler's car production in China is stable and the supply chains are secure but it is too early to forecast the impact of the coronavirus outbreak on the German carmaker's sales, Mercedes-Benz's sales chief said on Monday.
OPEC ministers are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the new coronavirus.
The European Central Bank is preparing possible measures to provide liquidity to businesses hit by the economic fallout of the coronavirus outbreak, three sources familiar with the discussion told Reuters.
European airlines warned on Tuesday the worst is still to come in economic damage to the industry from the rapid spread of coronavirus Covid-19.
The bosses of Ryanair and British Airways-owner IAG expect the drop-off in travel demand to stabilize in the coming weeks, before bookings return for the summer, they said at a conference on Tuesday.
Toyota Motor Corp named Kenta Kon as its next chief financial officer on Tuesday and said it would scrap executive vice president (EVP) roles as part of a drive to streamline the company's structure, improve production systems and cut costs.
This month's wheelchair rugby test event has been canceled due to the coronavirus outbreak, Tokyo 2020 organizers said on Tuesday.
French carmaker PSA has managed for ensure that its European facilities have enough supplies to keep running for now during the coronavirus outbreak, chief executive officer Carlos Tavares said on Tuesday.
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters.
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries.
The U.S. central bank will deliver a big dose of stimulus starting this month in a bid to protect the world's biggest economy from the impact of the spread of the new coronavirus, based on the price of futures contracts tied to the Federal Reserve's policy rate.
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed Monday.
Blackstone Group Inc has reshuffled its London-based private equity team in charge of energy while trying to sell all or part of its flagship investment, North Sea oil and gas producer Siccar Point.