China Coronavirus outbreak forces Hyundai to suspend flagship SUV production

Seoul: Hyundai Motor, South Korea’s largest automaker, suspended the domestic production of its flagship sport utility vehicle this weekend as a result of a supply disruption caused by the deadly virus outbreak in China. The deadly virus that first appeared in the central Chinese city of Wuhan has resulted in 259 deaths and spread to […]

Deutsche Bank falls to wider-than-expected loss on restructuring costs

FRANKFURT: Deutsche Bank fell to a wider-than-expected 1.6 billion euro ($1.78 billion) loss in the fourth quarter, pushing its loss for 2019 to 5.7 billion euros weighed by restructuring costs. It was the third consecutive quarterly loss and fifth straight annual loss for Germany’s biggest bank. After calling off merger talks with rival Commerzbank last […]