Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic.
Tesla Inc will recall 3,183 Model X vehicles in China, because of a potential issue that could make steering harder and increase the risk of a crash, according to the country’s market regulator.
ConocoPhillips’ sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd .
Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world’s second-largest crude user.
Walmart de Mexico , Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
(Bloomberg) — Stocks in Asia were mixed as traders took in the latest China data on the coronavirus, which showed a daily increase in Hubei cases that’s smaller than yesterday’s, though still bigger than before the methodology changed.The yen was steady along with U.S. equity futures, while both global stocks and bond yields head for weekly advances on optimism about a v-shaped recovery from the virus. The yuan continues to trade stronger than 7 per dollar, while oil is above $51 a barrel in New York. Japanese shares fell and Korean stocks gained, while Hong Kong and Shanghai saw a …read more […]
(Bloomberg) — Elon Musk dreams big dreams. Tesla Inc. taps Wall Street for funds to turn them into reality. Banks pocket millions in fees. And rather than punish the company for diluting its shareholders, the market sends the stock higher.The virtuous circle has enabled Tesla to raise about $14 billion over the last decade, supporting the electric-car maker through countless ups and downs. The latest offering announced Thursday — at $767 a share, according to a person familiar with the matter — boosted Tesla’s market capitalization to almost $146 billion, behind only Toyota Motor Corp. among the world’s most valuable …read more […]
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.
When a CEO and chief financial officer get pushed out a couple of months earlier, yes, the next earnings call with financial analysts might be unusual. But the Expedia Group fourth quarter earnings discussion on Thursday was one for the record books. Expedia Group Chairman Barry Diller and Vice Chairman Peter Kern, who are now […] …read more […]
A little known metal is becoming increasingly important as technology continues to accelerate, and China controls nearly all of its production …read more […]
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.
A Feb. 7-13 Reuters poll of 40 economists based in mainland China, Hong Kong, Singapore, as well as Europe and the United States, predicted China’s annual economic growth in the first quarter of 2020 to slump to 4.5% from 6.0% in the previous quarter. The coronavirus was first detected in the Chinese city of Wuhan – a nerve center in the global supply chain with a population of just under 11 million – and so far has claimed over 1,300 lives in China. …read more […]
HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role by announcing major restructuring efforts. Here are five key things to look out for:
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside.
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