Bloomberg China should maintain liquidity at a reasonably ample level and offer targeted support to companies hit by the coronavirus epidemic, China’s central bank Governor Yi Gang said. The impact from the virus on China’s economy will be short-lived, and the fundamentals won’t change, according to the article by Yi published by the Economic Research Journal in its March issue. ...

Bloomberg Airbus SE chief Guillaume Faury warned employees that the planemaker is “bleeding cash” and needs to quickly cut costs to adapt to a radically shrinking aerospace industry. With airline customers fighting to survive and unable to accept new aircraft, Airbus is juggling its delivery schedules while reassessing its long-term outlook for the aerospace industry, Faury told staff in a ...

Bloomberg Adidas AG Chief Executive Officer Kasper Rorsted tried to present a silver lining as he predicted the German shoemaker’s first quarterly loss in four years: that cooped-up consumers might need more sportswear once countries lift stay-at-home orders. More than two-thirds of Adidas’s stores are closed due to the Covid-19 pandemic, which led the company to forecast an unprofitable quarter ...