Volkswagen AG said Saturday that it has postponed production at some of its plants in China as the deadly coronavirus continues to spread. Saic Volkswagen — a joint venture between the German car maker VOW, -0.15% and SAIC Motor Corp. 600104, +0.71% — has postponed the production at its factories …
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BEIJING — China is considering possible countermeasures to cushion the blow from the coronavirus outbreak that is expected cause a temporary disruption to the economy, a central bank official said. “The coronavirus outbreak will be temporary and will not change the long-term improvement of China’s economy,” Pan Gongsheng, a vice …
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ING Groep NV on Thursday reported a significant fall in net profit for the fourth quarter of 2019, reflecting increases in risk costs, expenses and effective tax rate. The Dutch bank ING, +1.89% made a net profit of 880 million euros ($ 972.4 million) for the three months ended Dec. …
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Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year guidance. The Spanish wind-turbine maker SGRE, +5.38% said it booked a quarterly loss of 174 million euros ($ 192.6 million) for …
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