ABB warns on profit after hit from coronavirus, low oil prices
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ZURICH (Reuters) - Swiss engineering group ABB said on Monday profits of all its businesses would suffer in the first quarter because of the fallout from the coronavirus and due to plunging oil prices.The maker of industrial robots, factory drives and chargers for electric cars ditched its financial guidance for the year.Shares in ABB, which generates 12% of its sales from the oil, gas and chemicals sector, were indicated to open 3.9% lower at the open. The stock went ex-dividend on..