Coronavirus
China’s Auto Production to Drop 15% Because of Virus, Supplier Aptiv Says
Automakers probably will dial back production by 15% in China this quarter after extending holiday shutdowns due to the potentially deadly coronavirus, a top supplier said.
Oil Traders Brace for Asian Refining Cuts
Oil traders in Asia are expecting refineries to cut operating rates and extend shutdowns as the spread of coronavirus stops people from flying or traveling by road.
China’s Steel Sector Braces as Virus Impacts Top Producer
The world’s top steelmaker is wrestling with the effects of the deadly, rapidly spreading virus that is impacting labor, logistics and demand across China.
Toyota Halts Operations in China
Toyota Motor Corp. is halting production in China and other companies suspended operations or asked employees to work from home as they grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market.
January 29, 2020Tangshan, China’s Biggest Steel Town, Halts Buses
Public buses have been ordered off the roads in Tangshan, the biggest center for steelmaking in the world’s top producer.
Energy Stocks Slump Again on China Virus Fears
Energy stocks have quickly reverted to being among 2020’s worst performers as fears increase that China’s deadly coronavirus will hit oil demand.
Honda, Others Evacuate Workers as Coronavirus Takes Its Toll on Industry
Global companies including Honda Motor Co. and Groupe PSA are evacuating workers from areas of China hardest hit by a deadly viral outbreak.
January 27, 2020