Markets

German airline Lufthansa said on Wednesday (Feb 26) it would freeze new hires and use unpaid leave and additional short-time work to cut costs to help cushion the economic impact of the novel coronavirus.

Hyundai Motor Co and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said on Wednesday.

Spooked by a sneeze or a cough, Chinese consumers are turning to online consultations in droves for advice about possible coronavirus symptoms - a boon for a fledgling industry that has struggled to win over customers.

Panasonic Corp plans to exit solar cell production at Tesla Inc's New York plant, the latest sign of strain in a partnership where Panasonic's status as the U.S. electric vehicle (EV) maker's exclusive battery supplier nears its end.

Peugeot maker PSA Group posted a higher-than-expected rise in 2019 revenue on Wednesday, although the volumes of cars sold declined, with the French firm saying it anticipated sliding demand in Europe and Russia this year.

China's local governments are ramping up surveillance efforts with new data collection campaigns to better trace residents' moves in public areas, seeking to curb the coronavirus outbreak but heightening privacy concerns.

Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows.

U.S. President Donald Trump and Indian Prime Minister Narendra Modi have agreed to "promptly" conclude ongoing trade talks that they hope can lead to the first phase of a bilateral U.S.-India trade deal, the White House said.

SINGAPORE: Singapore-listed developer CapitaLand announced a wage freeze for members of staff at managerial level and above on Wednesday (Feb 26). In a news release announcing its full year results, CapitaLand also said that board members and senior management will take a pay cut. From Apr 1 ...

Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros (US$14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday.