Coronavirus
Coronavirus Puts Speed Bump in Canada’s 2020 Economic Expansion
The global spread of coronavirus is lowering expectations that Canada’s economy will quickly emerge from one of its worst slowdowns in years, fueling bets the central bank will be forced to cut interest rates.
Peugeot Maker Sees Record Profit, but Coronavirus Clouds Horizon
PARIS — Despite record profits last year, Peugeot maker PSA Group said Feb. 26 it lost 700 million euros ($760 million) in China — and that was before the new virus hit a key manufacturing center.
February 26, 2020Oil Dives After CDC Warns of Potential Virus Outbreak in US
Oil deepened a three-day rout as panic over a coronavirus outbreak in the U.S. gripped investors and sent shockwaves through commodity, equity and debt markets.
Deere Surges Most Since 2016 on Surprise Growth in Farm Recovery
Machinery giant Deere & Co. delivered an unexpected increase in earnings and maintained its annual outlook as early signs of stabilization in the U.S. farm sector offset a slowdown in construction. Shares rose the most in three years.
Veteran CEO Says Global Shipping’s ‘Perfect Storm’ to Pass
The global shipping industry has run into very rough waters in 2020 as the virus crisis that has engulfed China and roiled commodity markets added to headwinds from a seasonal slowdown and poor weather. One chief executive who oversees a fleet of 55 vessels says there’ll be a comeback.
Maersk CEO Soren Skou Predicts ‘Sharp’ Rebound After Coronavirus Peaks
A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound in two months, based on an expectation that the fallout of the coronavirus on global trade may soon peak.
WTO: Slump in Global Goods Trade to Deepen With Coronavirus
Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.
Thousands of Frozen Meat Containers Pile Up at Chinese Ports
Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.
February 18, 2020GM Works to Shield US Truck Plants From Virus Disruption
General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories to be idled due to the coronavirus spreading in China.
Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing
Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.