Jan.27 — James Athey, senior investment manager at Aberdeen Asset Management, discusses the selloff in markets on fear of the economic and human impact of the deadly coronavirus. He speaks on “Bloomberg Markets: European Open.” …read more […]
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
U.S. drugmaker AbbVie’s $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators.
U.S. drugmaker AbbVie’s $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators. AbbVie is swallowing Allergan to give it control of the lucrative wrinkle treatment Botox and to diversify a portfolio heavily dependent on its $19-billion-per-year arthritis drug Humira, the world’s best-selling medicine that is advancing toward U.S. patent expiration. Swiss food group Nestle bulked up its medical nutrition business with Allergan’s Zenpep, a product with 2018 sales of $237 million which treats people whose pancreases do not provide enough …read more […]
World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China’s spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.
Kobe Bryant, the former Los Angeles Lakers superstar and one of the greatest players in National Basketball Association history, died in a helicopter crash on Sunday. He was 41 years old.Photo: Associated Press …read more […]
(Bloomberg) — India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd. will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier.Expressions of interest are invited by March 17, according to preliminary terms published Monday. The entire company will be sold but effective control needs to stay with Indian nationals, and bidders would need to accept a little more than a third of Air India’s debt — down from two-thirds the last time around when not a single suitor could be …read more […]
Jan.27 — Israeli Prime Minister Benjamin Netanyahu says he will make history with President Trump in a visit to Washington this week when the U.S. leader is slated to present him with his long-awaited peace plan. Bloomberg’s Ivan Levingston reports on “Bloomberg Daybreak: Middle East.” …read more […]
Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes.
Margielyn Didal from the Philippines has ridden from poverty to sudden fame after winning gold medals in street skateboarding at the 2018 Asian Games and 2019 Southeast Asian Games. Now the 20-year-old has set her sights on qualifying for the 2020 Tokyo Olympics, training overseas at skateparks in Los Angeles, Rio and Hong Kong. Named by Time Magazine as one of the world’s most influential teens of 2018, Didal dreams of building a skateboarding park and coaching clinic to help underprivileged… …read more […]
U.S. gold futures climbed 0.4% to $1,578.30. Asian stocks slipped as the coronavirus killed 80 people and infected more than 2,000 in China, with residents of Hubei province, where the disease originated, banned from entering Hong Kong amid global efforts to halt the rapid spread. Investors are “looking out for the new risk (coronavirus) coming into the markets and running for the exits in equity markets, that’s the cause for gold to move higher,” Stephen Innes, chief market strategist at AxiCorp, said. …read more […]
There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job growth could slow this year.
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand, even as Saudi Arabia’s energy minister sought to calm the market.
Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained. …read more […]
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