Tokyo Disneyland will be closed from Saturday to March 15 due to concerns about coronavirus infections spreading in Japan, its operator said on Friday, leaving all of Walt Disney Co’s theme parks in Asia temporarily shut.
British Airways-owner IAG said coronavirus would hit earnings this year but the rapidly evolving nature of the outbreak means it cannot say by how much.
(Bloomberg) — Commodities were punished in an across-the-board sell-off as investors took fright at the coronavirus crisis, with energy, metals and agricultural raw materials driven lower. Even gold, a traditional haven asset, took a hit.The stampede away from risk assets trampled oil, copper, iron and palm oil, with no appetite for dip-buying before the weekend. Bullion’s drop stoked speculation investors needed funds to meet margin calls in equity markets, which were tanking on a welter of negative headlines about the disease.The widespread losses, coinciding with the slide in equities, signal rising fears that demand for commodities will be crushed as …read more […]
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
Indonesia’s Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid clip that it could close within 60 days, the top executive at the Missouri plant said on Thursday.
Investors who take an interest in Royal Dutch Shell plc (AMS:RDSA) should definitely note that the CEO & Director, Ben… …read more […]
Oil prices plunged to their lowest in more than a year on Friday, putting them on track for the biggest weekly decline in more than four years, as the rapid spread of the coronavirus stoked fears of slowing global demand.
JPMorgan Chase & Co issued global restrictions on non-essential travel to protect its employees and business against the spreading coronavirus, the Bloomberg News https://bloom.bg/2vnxhyW reported late on Thursday.
Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand.
U.S.-based Public Storage emerged on Friday as the likely buyer of Australia’s largest self-storage operator National Storage REIT with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race.
“The rebound of the economy after the outbreak will continue to be a long-term project,” Baidu CEO Robin Li said in an internal letter obtained by Reuters. The potential fall for first-quarter core revenue – sales made from advertising – was even steeper, with Baidu forecasting a slide of 10% to 18%. “Baidu will also struggle more than other internet companies in China due to its greater reliance on the advertising market,” said Haris Anwar, an analyst at financial markets platform Investing.com. …read more […]
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