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HONG KONG (AP): Global stock markets retreated Friday (Feb 7) as France and Germany reported weak factory data and the death toll from a virus outbreak in China rose further.
TOKYO: Toyota Motor Corp has raised its annual operating profit forecast by 4.2% on favourable currency rates and better-than-expected vehicle sales, but added that the impact of the new coronavirus was difficult to gauge and had not yet been factored in.
General Motors Co started off Feb 5 by saying it can sustain profit even as the global car market slumps. That briefly buoyed investors. Then came the hard part:
LONDON (AFP): Given China's economic heft and position in the nexus of global supply chains, the new strain of coronavirus is affecting companies from far and wide in multiple sectors.
TOKYO: US stock futures rose, extending gains in Asian afternoon trading, after China said it will halve tariffs on some $75 billion of imports from the US starting Feb 14.
Uber Technologies Inc has been allowed to restart testing its self-driving vehicles with a backup driver in California, United States, almost two years after its autonomous car killed a pedestrian in Arizona.
TOKYO: Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen.
PETALING JAYA: The local automotive sector is unlikely to face supply disruption in the wake of the coronavirus outbreak, although it has direct exposure to China.
HONG KONG: Thousands of passengers and crew on two cruise ships in Asian waters were placed in quarantine for China’s coronavirus as airlines, car manufacturers and other global companies counted the cost of the fast-spreading outbreak.China yesterday said another 65 people had died as of Tuesday, the highest daily total yet, taking the overall toll on the mainland to 490.