Bloomberg A shortage of face masks has prompted Chinese companies from car manufacturers to energy providers to start making their own to help fight the coronavirus. Auto companies including BYD Co have reconfigured production lines to churn out masks that can help block particles and germs, with petroleum giant Sinopec and iPhone assembler Foxconn joining the fray. Some are also ...

Bloomberg Jaguar Land Rover announced that its supply chains outside China could be impacted by the coronavirus outbreak in an updated presentation to investors. The luxury carmaker wrote that it expects the virus to affect its fourth quarter but that it’s too early to quantify. Though the company issued an update to add that if disruption continues, supply chains outside ...

Bloomberg India will again allow shipments of surgical and disposable masks and some gloves, about a week after placing them on a list of banned export items. However, exports of gloves made from nitrile rubber, a synthetic variety generally known as NBR, and masks other than two and three-ply, will continue to be restricted, according to a notification by the ...

Bloomberg Hollywood producers eager to dramatise the life of Carlos Ghosn, the former Nissan Motor Co chairman who staged a cinematic escape from Japan in December, are likely to get a simple response: call my agent. Not just any agent. Ghosn is working with Michael Ovitz, the founder of Creative Artists Agency and former president of Walt Disney Co, to ...

Bloomberg Mahindra & Mahindra Ltd shares headed for their steepest decline in more than a decade after the Indian automaker reported a surprise drop in its December-quarter earnings. The stock tumbled 7.2% to 528.2 rupees at 3:21 pm in Mumbai, set for the steepest fall since August 2009, and the worst performance on the 16-member gauge of automakers. Other companies ...

Bloomberg The first time Germany auctioned offshore wind projects, developers were happy to forgo any subsidies, confident the technology was robust enough to turn a profit unaided. Now, they’re not nearly so sure. Germany’s offshore wind giants now are looking at a UK programme that would ensure they get paid enough for their power, no matter what wholesale prices are ...

Grant President Trump some bragging rights. After all, most economic news has recently favoured Trump, including the 225,000 payroll jobs created in January. Naturally, he’s going to take credit if he can. Similarly blessed, a Democratic president would surely do the same. In his State of the Union address last week, Trump gushed self-congratulation. “Incomes are soaring, poverty is plummeting,” ...

It seems inconceivable that the coronavirus outbreak, which killed more than 811 people and shut down two-thirds of China’s economy, could be bullish for stocks. Yet Shenzhen’s private sector-heavy ChiNext Index not only brushed away a selloff, but also hit a three-year high on February 6. The most obvious explanation? This epidemic is giving policymakers the opportunity to correct past ...

Bernard Arnault, the boss of LVMH Moet Hennessy Louis Vuitton SE, exceeded even his own incredibly low yield expectations in his company’s giant bond sale— which included the biggest corporate issue in euros since 2016. The luxury giant raised 7.5 billion euros ($8.3 billion) and 1.55 billion pounds ($2 billion), over a range of maturities from two to 11 years, ...

Boeing deserves blame for many things, but dragging US economic growth below 3% isn’t one of them. US Treasury Secretary Steven Mnuchin told Fox Business that Boeing Co. is a big reason the US won’t see the 3% expansion in gross domestic product that the Trump administration had been predicting for 2020. The Max crisis will shave 50 basis points ...