International News

Bloomberg Detroit’s three automakers are asking office employees to work remotely while pushing production staff to keep running many of their factories — including one where a worker tested positive for the coronavirus. Fiat Chrysler Automobiles NV’s salaried personnel, including 14,000 at its US headquarters north of Detroit, were told to work from home, a spokesman said. A transmission factory ...

Bloomberg Tokyo Disney Resort will extend its shutdown until at least early April, responding to a call by Prime Minister Shinzo Abe to extend cancellations of large events for another ten days as Japan battles the spread of the coronavirus. Operator Oriental Land Co had initially planned to keep the Tokyo Disneyland and Tokyo DisneySea parks shut until March 15, ...

Bloomberg Prime Minister Shinzo Abe still faces calls to put together another large-scale stimulus to shake off the impact of the coronavirus, despite a second round of emergency measures unveiled on March 10. Most economists see the world’s third-largest economy falling into recession despite the two rounds of measures aimed at helping struggling businesses and workers. With the virus keeping ...

Bloomberg India’s cash-strapped tycoons may need to ready more yard sales of their crown jewels as stock volatility and ongoing credit market uncertainty pressure their ability to pay loans. At issue is the loans that Indian business leaders often take against the backing of their main assets — stakes in their listed firms. The value of such pledged shares has ...

Bloomberg Singapore is bracing for a harder hit to tourism than initially expected from the coronavirus as the outbreak spreads to more than 100 countries, impacting global travel plans, Minister for Communications and Information S Iswaran said. “Now it’s really the fact that there’s a global spread of this virus and therefore we will have to reevaluate certainly the numbers,” ...

Bloomberg Indonesia is reintroducing a raft of market measures deployed during the global financial crisis as authorities warn the impact of the novel coronavirus outbreak on the markets and the economy will be more damaging. The nation’s only stock exchange tightened trading-halt rules on March 10, with the first suspension kicking in with a 5% slump instead of 10% earlier. ...

Bloomberg Asia’s biggest hospital group is offering on-demand tests for new coronavirus in Malaysia, while helping Singapore’s authorities diagnose cases, even as other countries struggle with a shortage of kits. IHH Healthcare Bhd’s Gleneagles and Pantai hospitals around Kuala Lumpur and Melaka are endorsed to perform the tests by Malaysia’s health authority, which has sought to “Uber-ise” the service by ...

Bloomberg Tesla Inc. will build its in-development Cybertruck at a new plant in the US, Chief Executive Officer Elon Musk tweeted, likely triggering a state-by-state competition similar to one he set off six years ago. The factory will build both the electric pickup and the Model Y crossover for customers on the East Coast, the chief executive officer wrote. He ...

Bloomberg Italian Prime Minister Giuseppe Conte’s government is ready to spend as much as 25 billion euros ($28.3 billion) on stimulus measures to shield the economy from Europe’s worst outbreak of the coronavirus. Finance Minister Roberto Gualtieri said the cabinet is likely to approve a first package worth about 12.5 billion euros by Friday. The rest will be a reserve ...

Bloomberg H2O Asset Management suffered heavy losses of as much as 30% across its funds during market rout, adding to severe declines that have pummeled its strategies over the past month. The Natixis SA-backed firm saw record daily drops in at least three of its money pools as coronavirus fears and an oil-price plunge rocked markets. H2O’s Multiequities fund lost ...