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Coronavirus brings Adidas sales collapse in China

German sportswear maker Adidas said Wednesday store closures in China had brought plummeting sales since the beginning of the novel coronavirus outbreak in late January. "Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on...

Saudi Aramco shares shed post-IPO gains as oil dives

Saudi Aramco shares have lost most of the gains they made since listing in December in a landmark first offering, as oil prices drop amid alarm over the new coronavirus. China's energy demand has sagged as authorities lock down millions of people to prevent the spread of the disease, with...