A large share of economists in a survey expect China’s coronavirus outbreak will modestly dampen U.S. first-quarter economic growth. (WSJ)
The European Union stuck to its outlook for subdued growth for the coming two years. (WSJ)
The International Energy Agency expects global oil demand to fall this quarter for the first time in more than a decade. (WSJ)
Oil giant BP says it wants to reduce its net carbon emissions to zero by 2050 without saying how it will reach the goal. (WSJ)
Airbus is near securing a large aircraft deal from a Nigerian startup airline that had announced plans to buy Boeing 737 MAX jets. (WSJ)
Nissan swung to a $237 million net loss in its fiscal third quarter as revenue and earnings fell world-wide. (WSJ)
Gucci parent Kering is shifting inventories to other parts of the world as the coronavirus hits its business in China. (WSJ)
CVS Health Corp. swung to a fourth-quarter profit of $1.75 billion on a 22.9% gain in revenue. (WSJ)
Discount retailer Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing. (WSJ)
Vietnam’s exports plunged 17.4% in January, including a 7.3% drop in shipments to the U.S. (Bloomberg)
The world’s three largest denim jeans suppliers lost market share in 2019 to Vietnam, Pakistan and Egypt. (Sourcing Journal)
Australia replaced Qatar as the world’s largest exporter of liquefied natural gas. (MarineLink)
U.S. Steel is laying off more workers in its third round of job cuts in recent months. (Northwest Indiana Times)
Only about half the workers at China’s largest shipyards have returned to their jobs amid continuing coronavirus fears. (Lloyd’s List)
South Korea’s Hyundai Merchant Marine narrowed its annual loss in 2019 to $501 million from $670 million the year before on a 5.6% gain in sales. (Korea Herald)
German shipping line Hapag-Lloyd plans to order six container ships with capacity for 23,000 20-foot equivalent units apiece. (ShippingWatch)
U.S. railroads are bending more on contract terms this year amid tepid freight demand. (Journal of Commerce)
Amazon is building a 215,000-square-foot facility at Germany’s Leipzig/Halle Airport as it expands operations there. (Air Cargo News)
Online grocery delivery company Peapod is closing an Indiana distribution center and halting service in Illinois, Wisconsin and Indiana. (Indianapolis Star)
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