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Tag Archives: Newswires

Dow Jones Newswires: Volkswagen postpones reopening of some Chinese plants amid coronavirus spread

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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Dow Jones Newswires: Coronavirus to cause temporary disruption to China’s economy, PBOC says

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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Dow Jones Newswires: ING profit tumbles, missing forecasts

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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Dow Jones Newswires: Siemens Gamesa swings to loss and cuts guidance

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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