General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.
Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1% to 555.50, easing further from last week’s top of 558.30, which was the highest since late January. Japan’s Nikkei fell more than 1% after data showed the country’s economy contracted at an annualised pace of 6.3% in October-December, shrinking at the fastest pace since the second quarter of 2014. …read more […]
Feb.16 — Vandana Hari, founder of Vanda Insights, discusses the spread of coronavirus and how it could impact the oil market. She speaks on “Bloomberg Markets: Asia.” …read more […]
Blue sky profit ahead for trillion-dollar tech titans, says Todd Shaver Todd Shaver has weathered the market’s wildest storms and come out smiling. He’s even staked his personal brand on it by naming his site […]
Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand.
Feb.16 — The province at the center of the coronavirus outbreak has reported just under 2,000 new cases, breaking a downward trend in infections. That’s after China vows more fiscal stimulus measures to counter the epidemic. Bloomberg’s Tom Mackenzie and Yvonne Man report on “Bloomberg Markets: Asia.” …read more […]
Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses.
Feb.16 — Peter Coleman, chief executive officer and managing director of Woodside Petroleum Ltd., discusses how the coronavirus outbreak is affecting the company and the demand outlook for liquefied natural gas. He speaks with Paul Allen on “Bloomberg Markets.” …read more […]
U.S. printer maker Xerox Holdings Corp is hosting a dinner for HP Inc shareholders this week as it seeks investor support to overcome the personal computer maker’s resistance to its $35 billion takeover bid, according to people familiar with the matter.
The charm offensive comes after Xerox raised its cash-and-stock bid for HP last week by $2 to $24 per share ahead of a tender offer it plans to launch in early March. It is also asking HP shareholders to replace HP’s board directors with Xerox’s nominees at the company’s annual shareholder meeting later this year. It told investors last week it wants them to have “full information” on the company before responding publicly to Xerox. …read more […]
Feb.16 — Bob Michele, chief investment officer and head of global fixed income, currency and commodities at JPMorgan Asset Management, talks about central banks’ policies, bonds and currencies. He speaks with Paul Allen on “Bloomberg Markets.” …read more […]
SmileDirectClub could be headed towards a battle with NBC News. …read more […]
(Bloomberg) — Hubei, the Chinese province at the epicenter of the coronavirus outbreak, reported 1,933 new cases, slightly higher than a day earlier, and 100 additional deaths.While the head of a hospital in the city of Wuhan said a turning point has been reached as new cases fell over the weekend, the outlook was more cautionary outside the country. The head of the U.S. National Institute of Allergy and Infectious Diseases said the outbreak is on the verge of a global pandemic if containment steps fail to show more success.Deaths were reported in France and Taiwan over the weekend. The …read more […]
(Bloomberg) — Asian stocks looked poised for a cautious start to the week as investors mulled China’s latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher.Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes may be lower than average Monday due to a U.S. holiday; Treasuries won’t trade. China over the weekend unveiled plans for reducing corporate taxes and fees, and letting banks run up more non-performing loans. The head of a hospital in Wuhan, the city at …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The fight between the U.S. and Europe over Chinese technology is threatening to split the transatlantic military alliance, and tensions were ratcheted up another notch on Sunday by the U.S. ambassador to Germany. Ambassador Richard Grenell tweeted that President Donald Trump had instructed him to “make clear that any nation who chooses to use an untrustworthy 5G vendor” risks jeopardizing intelligence and sharing with the U.S. “at the highest level.” The comment on Twitter seemed specifically aimed at Huawei Technologies …read more […]
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