Business News
Bayer targets 9.6% gain in 2020 adjusted EBITDA
Germany’s Bayer said on Thursday it was targeting growth in adjusted core profit of up to 9.6% this year, driven by sales of agriculture products and pharmaceuticals.
Year: 2020
Business News
Pandemic fears pummel stocks, push bond rally to fresh heights
Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic.
Business News
Futures tank as virus risks deepen
U.S. stock index futures tumbled on Thursday as the rapid spread of the coronavirus outside China raised fears of a pandemic and sent investors scurrying to the perceived safety of gold and bonds.
Business News
AB InBev fourth quarter profit below expectations, sees muted 2020 growth
Anheuser-Busch InBev ABI.BR, the world’s largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.
Business News
StanChart posts strong results but coronavirus, economic headwinds to hamper profit growth
Standard Chartered booked a robust 46% jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.
Business News
Panera Bread launches $8.99 monthly unlimited coffee subscription
Panera Bread Co on Thursday is launching an $8.99 per month unlimited coffee subscription as it aims to grow its breakfast traffic and loyalty program membership.
Business News
Oil falls for fifth day on demand concerns as coronavirus spreads
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Business News
StanChart annual profit rises 46%, misses estimates
Standard Chartered on Thursday posted a 45.5% rise in annual profit, weathering the economic fallout from global trade tensions and political protests in Hong Kong with revenue growth in its main markets.
Trading Ideas
History Shows Gold’s Rally May Only Just Be Getting Started
(Bloomberg) — Even with gold at seven-year highs, there’s still room for more gains if history is anything to go by.Prices have surged this year as haven-seeking investors pour in. Markets have been shaken by worries that the coronavirus outbreak will cripple global growth, coupled with expectations for looser monetary policy around the world. Assets in bullion-backed exchange-traded funds are at the highest ever and money managers are holding a near-record bullish bet.Yet gold remains a relatively small percentage of portfolios by historic standards. And as investors assess the virus threat to the world’s biggest economies, it’s worth remembering that …read more […]
Business News
JPMorgan names veteran Gori as new Asia Pacific chief executive
JPMorgan Chase & Co on Thursday named veteran Filippo Gori as its new Asia Pacific chief executive officer to oversee strategy and operations of the Wall Street bank across 17 markets in the region.
Business News
Google defeats conservative nonprofit’s YouTube censorship appeal
Google persuaded a federal appeals court on Wednesday to reject claims that YouTube illegally censors conservative content.
Trading Ideas
Asian stocks slide deeper as pandemic fears grow
Rising fears of a pandemic, which U.S. health authorities have warned is likely, had already wiped more than $3.6 trillion from global stock markets by Wednesday’s close. China accounts for about 96% of cases and has instituted dire containment methods that have paralysed global supply chains. South Korea reported 334 new cases on Thursday, its largest daily rise since its first case was confirmed on Jan. 20. …read more […]
Business News
Asian stocks slide deeper as pandemic fears grow
Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.
Business News
China’s CATL aims to raise $2.85 billion for EV battery projects
CATL , China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital.
Trading Ideas
U.S. Stock Futures Drop as Trump Fails to Assuage Virus Concerns
(Bloomberg) — U.S. stock index futures slid after President Donald Trump’s speech failed to assuage investors’ concerns of the novel coronavirus derailing global growth.March contracts on the S&P 500 Index were down as much as 1.1% as of 11:29 a.m. in Tokyo, after the president held a press conference to update the country on the administration’s response to the growing crisis. U.S. health authorities said they’ve identified the first case of coronavirus that doesn’t have known ties to an existing outbreak.“President Trump’s press conference was certainly intended to be a confidence builder but I don’t believe it will have much …read more […]