Lockdown amid a coronavirus disease (COVID-19) outbreak in New Delhi

Honda extends Mexican plant shutdown, furloughs more U.S. workers

WASHINGTON (Reuters) – Japanese automaker Honda Motor Co <7267.T> said Wednesday it will extend a shutdown of its Mexican plants through April 30 and plans to furlough most U.S. salaried workers for two weeks as a result of the coronavirus pandemic. Honda began its suspension of operations in North America on March 23 and previously […]

Demand dives at apparel retailers as virus-wary shoppers stay home

By Melissa Fares and Sonya Dowsett NEW YORK/MADRID (Reuters) – As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise. U.S. retailers including Macy’s Inc <M.N>, Saks Fifth Avenue and […]

U.S. services, manufacturing sectors hit wall in February: Markit

(Reuters) – U.S. business activity in both the manufacturing and services sectors stalled in February as companies have grown increasingly concerned about the coronavirus, a survey of purchasing managers showed Friday. The IHS Markit flash services sector Purchasing Managers’ Index dropped to 49.4 this month, the lowest since October 2013 and signaling that a sector […]