[ad_1] SEOUL (Reuters) – South Korea did not import crude oil from Iran in February, compared with 983,497 tonnes imported a year ago, preliminary data from Korea Customs Service showed on Sunday. The world’s fifth-largest
Ferrari to close plants in Italy for two weeks in coronavirus response
[ad_1] MILAN (Reuters) – Luxury carmaker Ferrari (RACE.MI) said on Saturday it closed its two plants until March 27 in a response to the coronavirus outbreak in Italy and an emerging shortage of parts. The
China’s finance ministry first quarter fiscal revenue affected by coronavirus
[ad_1] BEIJING/SHANGHAI (Reuters) – China’s first quarter fiscal revenue was affected by the coronavirus outbreak, but the economy was resilient and the total size of revenues remained huge, a finance ministry official said at a
Zara owner to close all stores in Spain because of coronavirus
[ad_1] MADRID (Reuters) – Zara owner Inditex (ITX.MC) is to temporarily close all of its stores in Spain from Saturday because of the coronavirus, Europa Press said, citing sources at the company. A company spokesman
Airline Swiss to ground half its fleet, cut work hours
[ad_1] ZURICH (Reuters) – Lufthansa (LHAG.DE) subsidiary Swiss International is taking half its fleet out of service and reducing working hours for flight personnel to help safeguard its finances during the coronavirus outbreak, it said.
Japan’s Abe vows ‘unprecedented steps’ to protect virus-hit economy, urges global cooperation
[ad_1] TOKYO (Reuters) – Japan will aim to spearhead cooperation among major nations around the world to support a weakening global economy, Prime Minister Shinzo Abe said, warning that policy coordination was critical to fight
Swiss banks mull $21 billion coronavirus business loan program – Handelszeitung
[ad_1] ZURICH (Reuters) – Switzerland’s major lenders are considering a 20 billion Swiss franc ($21 billion) loan program to help small businesses affected by the coronavirus outbreak, Handelszeitung reported. Banks including Credit Suisse (CSGN.S) and
India hikes taxes on mobile phones, parts
[ad_1] A salesperson speaks on the phone at an Apple reseller store in Mumbai, July 27, 2018. REUTERS/Francis Mascarenhas/Files NEW DELHI (Reuters) – India’s Goods and Services Tax Council has increased the tax on mobile
France not yet considering capital injection for Air France-KLM – official
[ad_1] PARIS (Reuters) – The French government is not at this stage considering a capital injection for Air France-KLM (AIRF.PA) to help it weather falling revenues due to the impact of the coronavirus on its
Wall Street weekahead: Investors hope Fed can help calm markets as big rate cut expected
[ad_1] NEW YORK (Reuters) – Interest rate cuts won’t cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market. Only days after a