Oil rises as investors take stock of economic hit from virus

FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian HartmannTOKYO (Reuters) - Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day fall on talk OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing…

Nissan says it plans to sell 1.6 million cars in China this year

FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File PhotoBEIJING (Reuters) - Japanese carmaker Nissan Motor Co (7201.T) said on Wednesday it planned to sell about 1.6 million vehicles in China, the world’s biggest auto market. Nissan sold 1.55 million vehicles last year in China, down 1.1%…

Airlines cut China flights as companies restrict travel on virus fears

CHICAGO/SHANGHAI/SEOUL (Reuters) - Airlines including United Airlines Holdings Inc (UAL.O) said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus. The coronavirus that originated in the city of Wuhan has killed 106 people in…

Proton-packed Geely takes on Honda and Toyota in Southeast Asia

KUALA LUMPUR (Reuters) - Li Chunrong was hired by Chinese automaker Geely to revive the fortunes of the Proton brand in Malaysia, and it took him two years to eclipse Japanese giants Honda and Toyota. Now he plans to take the fight across Southeast Asia and beyond. A man enters a Proton X70 car at…