Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.
February 18, 2020Coronavirus News Updates
Thousands of Frozen Meat Containers Pile Up at Chinese Ports
GM Works to Shield US Truck Plants From Virus Disruption
General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories to be idled due to the coronavirus spreading in China.
February 14, 2020Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing
Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.
February 14, 2020Coronavirus Is Wreaking Havoc on Global Mail Delivery
In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.
February 13, 2020Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus
Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.
February 10, 2020Toyota, Honda Extend China Shutdowns as Virus Gathers Pace
Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.
February 7, 2020Top Steelmaker Sounds Alarm as Coronavirus Spreads
The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.â€
February 6, 2020Coronavirus Has Oil Traders Seeking Ships to Hoard Unsold Crude
Oil traders and sellers are making more inquiries for supertankers to hoard crude at sea in the latest indication of the crushing impact the coronavirus is having on demand in the world’s biggest importer.
February 5, 2020Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage
Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.
February 4, 2020Factories Brace for Virus Blow Just as Demand Starts to Pick Up
The slow improvement in global manufacturing could be about to take a pause — or worse — as firms brace for supply-chain disruptions and a blow to demand from the spread of the coronavirus.
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