Oil prices edged down on Monday but held recent ranges as traders assessed China’s oil demand following the coronavirus outbreak and awaited a decision by major producers to cut output further to balance markets.
An Australian antitrust investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG denied acting with “impropriety” when presented with communications between the regulator and informants’ lawyers.
Samsung Electronics, the world’s top smartphone maker, gave a glimpse of new square-shaped foldable phones in a surprise TV commercial aired during the Academy Awards on Sunday. The ad, broadcast only in the United States, comes two days before its Galaxy Z Flip phones, which open and close vertically like a flip phone, are due to be unveiled at an event in San Francisco. “The new Galaxy Z Flip foldable phone will create a halo effect for Samsung’s brand and help it better compete with Apple’s pricey models,” said Tom Kang, an analyst at research firm Counterpoint, adding …read more […]
Britain takes U.S. concerns about Chinese telecoms equipment maker Huawei Technologies very seriously, UK Foreign Secretary Dominic Raab said on Monday.
Spot gold was little changed at $1,569.05 per ounce by 0313 GMT. U.S. gold futures were flat at $1,572.70. A team of international experts led by the World Health Organization left for Beijing to help investigate the epidemic that claimed more than 900 lives in mainland China, surpassing the death toll from the SARS epidemic. …read more […]
Asian shares pared early losses on Monday as Chinese authorities lifted some coronavirus-related restrictions on work and travel, helping businesses resume work though overall sentiment was still jittery as the death toll from the epidemic climbed. More than 900 people have so far died in China’s central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak. To contain the spread, China’s government had ordered lockdowns, cancelled flights and shut schools in many cities. …read more […]
Asian shares pared early losses on Monday as Chinese authorities lifted some coronavirus-related restrictions on work and travel, helping businesses resume work though overall sentiment was still jittery as the death toll from the epidemic climbed.
Feb.09 — Scott Darling, head of regional oil & gas research at JPMorgan, discusses his outlook for energy markets. He speaks with Haidi Stroud-Watts on “Bloomberg Markets.” …read more […]
Feb.09 — Steven Cochrane, chief APAC economist at Moody’s Analytics, discusses the spread of coronavirus and its impact on China’s economy. He speaks with Shery Ahn on “Bloomberg Markets.” …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The most cheerful people on Earth are about to get some help managing their finances.In Finland, which topped the most recent United Nations World Happiness Report, the central bank is drawing up a financial-literacy strategy for citizens.The idea, conceived in a country that already outperforms much of the rich world in education, is to figure out whether a bit more financial acumen will help Finns borrow less.Finnish household debt has doubled in the past two decades against a backdrop of …read more […]
Australia’s Boral Ltd said on Monday delays to building projects due to bushfires will likely cause a plunge in its second-half results, while revealing an investigation had found inflated earnings at its North American window-making business.
Japan’s SoftBank Group is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up.
With residents and courts ringing the alarm about depleted water supplies in Chile’s Atacama salt flat, the world’s top lithium miner Albemarle quietly filed a proposal in December for a network to monitor flows beneath the parched desert floor.
Feb.09 — Loreen Gilbert, WealthWise Financial Services President, discusses the markets reaction to Coronavirus. She speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Markets.” …read more […]
(Bloomberg) — Just as it looked like Beijing was starting to get a handle on its regional banking crisis, a much more severe threat is engulfing the world’s largest banking system as a deadly new virus hits the country’s economy.The impact of the spreading coronavirus risks bringing to life the worst-case economic scenarios contained in China’s annual banking stress tests. Last year’s exercise envisaged annual economic growth slowing to as low as 4.15% — a scenario which showed that the bad loan ratio at the nation’s 30 biggest banks would rise five-fold. Analysts now say that the outbreak could send …read more […]
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