Intel Corp is investing heavily in “smart buildings” in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete for the country’s top professionals.
The Trump administration plans to meet this month to discuss further curbing exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus.
Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war.
The Trump administration plans to meet this month to discuss further curbing exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
(Bloomberg) — The Singapore dollar weakened to a four-month low after the central bank said there’s “sufficient room” for the currency to ease if the economy weakens due to the impact of the coronavirus.The currency, which is maintained in a band against a basket of peers, has been fluctuating near the upper end of its boundary since October, and could ease, the Monetary Authority of Singapore said in a statement Wednesday. The MAS maintained its policy outlook and said it will meet in April, as scheduled.Traders across Asia have been ratcheting up bets that central banks in the region will …read more […]
Japanese trading house Marubeni Corp sees limited direct impact on its businesses from the coronavirus in China, but its spread may weigh on the global economy, commodities and the company’s earnings if it lasts a long time, its chief financial officer said on Wednesday.
Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”.
Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll show how you can… …read more […]
(Bloomberg) — Oil recovered from a one-year low to trade above $50 a barrel as Saudi Arabia ran into Russian resistance in its push for further production cuts to combat a virus-driven demand hit.Futures rebounded with Asian stocks on Wednesday, but oil is still down more than 20% since early January as the coronavirus dents global demand. Saudi Arabia’s push for deeper supply reductions to combat the drop in consumption due to the outbreak is being received with caution by Russia, whose budget is more resilient to lower prices.BP Plc is forecasting the crisis will wipe out one-third of global …read more […]
Asian stocks steadied on Wednesday as Chinese stocks nudged higher on hopes of additional stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500.
(Bloomberg) — Ford Motor Co., founded 100 years and 15 days before Tesla Inc., is paying the price for a sudden role reversal: It’s now the one struggling to produce a new model on time, at scale and without losing money.Ford on Tuesday projected lower-than-expected profit for this year after ending 2019 with a quarterly net loss. Costs linked to launching revamped F-150 pickups will hurt future results and extend an earnings slump partly blamed on the botched rollout of its signature SUV, the Explorer.The disappointing forecast and faulty introduction of a crucial vehicle are reminiscent of the struggles investors …read more […]
Lawyers for Credit Suisse last week re-interviewed a former bank executive who said the Swiss lender had her followed in New York, according to a person familiar with the matter, weeks after the company dismissed her allegation as baseless.
Oil prices rose on Wednesday, reversing out of a 1% slump in the previous session, boosted by producers weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus.
(Bloomberg) — China’s biggest health crisis since at least 2003 has worsened the outlook for defaults in the world’s second-biggest bond market, likely tipping a raft of distressed borrowers over the edge this year.With scores of millions of citizens barred from travel, and companies, factories and retail outlets shuttered for a period of weeks, strains on cash flow add an unexpected layer of stress on Chinese borrowers. Market participants had already anticipated that defaults in 2020 would be on par with 2019, which saw a second straight annual record high.Old-line industrial companies with excess capacity and over-leveraged firms with grand …read more […]
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