Adidas and Puma, the German sportswear makers, stated on Wednesday that they expect a major slide in China sales amid the coronavirus outbreak.
On Wednesday, the European Central Bank's President Christine Lagarde stated that the government of the European Union should increase spending to counter the effects of the coronavirus.
On Wednesday, Fiat Chrysler stated it is likely to temporarily close some Italian factories, in response to the coronavirus outbreak that hit the country, becoming the biggest in Europe.
Business travel sector will likely to lose nearly $820B in its global revenue, with China forecasts about half of losses, as the coronavirus outbreak hit the world.
On Wednesday, Citigroup announced it had appointed Loretta Ko as a new head of the bank's financial institutions group in Hong Kong, making her return to the firm after 15-year work with Citigroup between 1989 and 2004.
Stephen Scherr, Goldman Sachs Group's Chief Financial Officer, stated the lender is open to new acquisitions, pointing to those that could accelerate its existing businesses growth.
According to construction papers, seen by Reuters on Tuesday, Tesla Inc plans to expand production capacity to make electric motors, battery packs and motor controllers at its plant in Shanghai.
According to Norway's business daily DN report on Tuesday, the Scandinavian airline is urging its staffs to take a 20% pay reduction due to the impact of the coronavirus outbreak.
According to two government sources on Tuesday, the German Chancellor Angela Merkel plans to meet with employers and officials of unions on Friday to discuss the coronavirus outbreak.
On Tuesday, major airlines around the globe fell into crisis, as the coronavirus outbreak and Italy's lockdown hit the tourism industry.
On Tuesday, Reuters reported that due to the recent drop of crude oil prices OPEC countries are losing $500 million per day.
Tesla announced on Tuesday that the company would expand its car parts production in Shanghai.
During early Tuesday's US trading hours, the Japanese Yen and Swiss Franc decline in value against the US Dollar, as risk on sentiment returned in the market.
Various US airlines announced on Tuesday that they are reducing capacity, cutting costs and would drop 2020 profit forecasts.
On Tuesday, Argentinian officials announced that the country would restructure bonds that are valued almost $68.8 billion.
At the start of US trading, stock indices surged. Some attributed it to hopes of market stimulus. Meanwhile, it was spotted that indices bounced off a Fibonacci retracement level.
Alibaba Group Holding, the Chinese e-commerce giant, is planning to build a research lab in China for the 5G technologies development, under its research division DAMO Academy.
Nissan Motor will likely to withdraw from its venture fund with Renault and Mitsubishi Motors, in the Japanese carmaker's cost-cutting drive, Reuters reported.
Alibaba's affiliate Ant Financial is set to launch its mobile app platform Alipay to 40M service providers in China in the following three years and will also help them digitise their offerings, the company said on Tuesday.
On Tuesday, IKEA began to sell its products through on Alibaba's China e-commerce platform Tmall, marking the first time when the world's largest furniture retailer sold via a third party during 77 years of its existence.
On Tuesday, Reuters revealed that a quarter of oil rigs in Iran are not producing crude oil. The production has been stopped due to US sanctions.
Tesla Inc is planning to boost its output capacity for car parts at the electric carmaker's $2.0B plant in Shanghai, according, as it is eager to localise the supply chain in the largest auto market in the world.
The Japanese government is planning to spend $4.1B in its efforts to cope with the coronavirus outbreak's fallout, two government sources reported to Reuters on Tuesday.
Norwegian Air has temporarily suspended its air traffic with Italy due to the coronavirus-related quarantine restrictions, the budget airline stated on Tuesday,