Caution gripped Asian share markets on Monday amid expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdowns, while a glut of supply sent U.S. crude spiraling to 20-year lows.
Apr.20 — Beijing is hitting back at U.S. criticism for its handling of the coronavirus. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Middle East.” …read more […]
China Development Bank (CDB) Financial Leasing Co announced on Monday it had agreed with Boeing Co (BA) to cancel the purchase of 29 undelivered 737 MAX jets in the latest blow to the aerospace company.The move comes after the grounding of 737 MAX aircraft by aviation authorities worldwide and the suspension of 737 MAX aircraft deliveries by Boeing. Following the cancellation CDB Financial Leasing still has a total order of 70 undelivered Boeing 737 MAX jets under various purchase agreements. In addition, the two parties agreed that all Boeing 737 MAX 10 aircraft will be converted to Boeing 737 MAX …read more […]
Oakley and Ray-Ban maker EssilorLuxottica said on Monday it would scrap its dividend and might also consider cost cuts as the coronavirus pandemic chokes its business.
Caution gripped Asian share markets on Monday amid expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiraling to 20-year lows.
Apr.20 — Min-Han Tan, founding chief executive officer and medical director of Singapore-based Lucence Diagnostics Pte, talks about the medical device for coronavirus diagnosis the company began developing. The Stabilization of nucleic Acid Formulation for Evaluation of RNA, or SAFER, kit is a sample-collection device to facilitate more accessible testing of viral infections such as COVID-19. Tan speaks on “Bloomberg Markets: Asia.” …read more […]
Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out. …read more […]
(Bloomberg) — Alibaba Group Holding Ltd. will invest 200 billion yuan ($28 billion) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest-growing business segments to more countries.The Chinese e-commerce giant plans to build more datacenters to complement an existing network covering 21 regions around the world, the company said in a statement. It will continue to develop its own technologies in areas such as AI-inference chips to support that expansion in cloud services, it added.Cloud computing has been one of the fastest-growing initiatives for Alibaba as it expands beyond …read more […]
Apr.19 — Andrew Tilton, chief Asia economist at Goldman Sachs, discusses the drop in oil prices and where he sees prices heading. He speaks on “Bloomberg Markets: China Open.” …read more […]
Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiraling to 20-year lows.
Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
