Trading Ideas
Month: February 2020
Business News
Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus
Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.
Business News
Global shares edge higher on Chinese support measures
Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
Trading Ideas
Virus Will Materially Hit First Quarter Earnings: Waverton IM’s CIO
Feb.17 — Bill Dinning, chief investment officer at Waverton Investment Management, discusses his take on European earnings season. He speaks on “Bloomberg Markets: European Open.” …read more […]
Trading Ideas
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Business News
Timeline: NMC Health’s expansion and ailments
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances.
Business News
Cathay Pacific expects coronavirus hit to first-half results
Cathay Pacific Airways on Monday said it expected a significant drop in its first-half results due to the coronavirus outbreak, causing it to cut capacity.
Trading Ideas
Business News
William Hill names DS Smith’s Adrian Marsh as CFO
British bookmaker William Hill on Monday named cardboard maker DS Smith’s Chief Financial Officer Adrian Marsh as its finance head.
Trading Ideas
Business News
U.S. firms in China report staff shortages, say coronavirus hitting global operations: AmCham
Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai’s American Chamber of Commerce (AmCham).
Trading Ideas
Tesla Berlin Factory Risks Months-Long Legal Delay Over Wildlife
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Elon Musk’s first electric car plant in Europe is facing legal delays that could set the project back by several months after a court said clearing a forest near Berlin for the Tesla Inc. factory must stop immediately while it considers a challenge by environmentalists.The Berlin-Brandenburg higher administrative court issued a temporary injunction against further logging, overturning a lower court ruling that had rejected a request by environmental group Gruene Liga Brandenburg. The group is seeking to prevent Tesla from clearing more …read more […]
Trading Ideas
Masayoshi Son’s Other Big Real Estate Bet Has Some Real Problems
(Bloomberg) — Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo. In a spacious conference hall at his Tokyo headquarters, the Japanese billionaire huddled with lieutenants from the startup and his own SoftBank Group Corp. to brainstorm strategy. He figured Oyo had the potential to disrupt both the staid hotel business and short-term apartment rentals in Japan, according to people in the room.One bullet point scribbled on a floor-to-ceiling whiteboard, in particular, caught Son’s eye: a target of one million …read more […]
Business News
Japan on brink of recession as economy contracts, virus heightens risk
Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity.