Japanese wireless carrier NTT Docomo , Sony Corp and California-based chip giant Intel Corp pulled out of the Mobile World Congress (MWC) in Barcelona on Monday because of the coronavirus outbreak.
Asian share markets followed Wall Street higher on Tuesday even as doubts grew about how quickly China’s factories could get back to work given that the coronavirus continues to spread and deaths mount.
Chinese firm Xinchao Media has laid off 500 people, or just over 10% of its workforce, saying it needed to resort to such measures to survive the impact of the coronavirus outbreak.
Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.
Boeing Co said on Tuesday that lessor BBAM had ordered three 737-800 converted freighters to serve the growing e-commerce market and express sectors of the air cargo market.
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.The death toll from the coronavirus climbed above 1,000, as the Chinese province at the epicenter of the outbreak reported its highest number of fatalities yet.Hubei province added 103 more deaths, up from 91 a day earlier. At the same time, it also reported the lowest number of new cases since Feb. 1, an encouraging sign as health officials look for the outbreak to peak.Hubei has removed two health officials from their posts, according to state television. Criticism has mounted …read more […]
Korean Air Lines Co Ltd has ordered Pratt & Whitney engines to power up to 50 Airbus SE A321neo jets for delivery from 2021, the enginemaker said on Tuesday.
More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge, over the objections of a group of state attorneys general, according to two sources familiar with the matter.
Asian share markets looked set for another cautious session on Tuesday as investors tried to judge how quickly China’s factories could return to work as the coronavirus continues to spread and deaths mount.
Saks Fifth Avenue owner Hudson’s Bay Co on Monday named a president to lead its off-price business, known as Saks Off 5th, the latest example of a department store chain trying to bolster its outlet stores.
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge, according to sources familiar with the matter.
(Bloomberg) — The U.S. yield curve is flirting with another broad-based inversion, reigniting Wall Street fears over the fate of the American economy.A growing chorus of voices is being swayed by another notion: the signal might say more about the state of the world than the U.S. business cycle.Treasuries now make up more than half of the world’s haven assets, double the share they accounted for during the global financial crisis, according to Eurizon SLJ Capital. That complicates matters when the spread between long- and short-term yields inverts: what used to be a reliable American recession indicator is instead an …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
