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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 ...

FUJAIRAH / WAM The National Bank of Fujairah (NBF), on Sunday reported its full year financial results for the year ended 31st December 2019, announcing a net profit of AED552.2 million. The bank also announced in a press statement a total comprehensive income of AED611.5 million, up 4.5 percent compared to AED585.4 million in 2018, as a result of improved ...

Bloomberg Saudi Arabia’s main stock index dropped for a third day, finishing below a mark it has held since December, as the coronavirus reduces demand for oil. The Tadawul index fell 1.3%, the most among major gauges in the Middle East and below its 100-day moving average for the first time this year. State oil producer Saudi Aramco retreated as ...

DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion, compared to AED4.446 billion in 2018. The company revealed in a statement that overall net profit in 2019 amounted to AED2.286 billion, similar to net profit for 2018 of AED2.230 billion. Revenue grew by four ...

Bloomberg Lockheed Martin Corp and Raytheon Co. are among more than 70 international aviation companies withdrawing from Asia’s largest aerospace and defense conference in Singapore as concerns mount over the new coronavirus outbreak. Organiser Experia Events said the airshow which starts on February 11 will continue as planned, and companies that had pulled out represent less than 8% of participants. ...

Bloomberg Libya’s battered economy took center stage at United Nations-backed talks on ending the conflict, as a blockade that slashed the Opec nation’s vital oil output entered a fourth week. The two-day meeting in Cairo is being closely monitored for any sign of a deal to restore output in the North African nation after supporters of eastern commander Khalifa Haftar ...