Business News
Global stocks sink further as virus fears weigh
Global stocks sank to their lowest levels in over two months on Tuesday, as relief from a sharp selloff the previous day on fears about the spreading coronavirus proved temporary.
Year: 2020
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Business News
IEA says virus-hit oil growth outlook lowest in a decade, could go lower
The International Energy Agency’s (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive Director Fatih Birol said on Tuesday, adding it could be reduced further due to the impact of the coronavirus outbreak.
Business News
Thomson Reuters names new CEO, earnings top estimates
Thomson Reuters Corp said on Tuesday it had appointed former Nielsen Holdings Plc president Steve Hasker as its new chief executive officer, succeeding Jim Smith.
Business News
Mastercard CEO Ajay Banga to step down, insider Miebach tapped
Mastercard said on Tuesday Chief Executive Officer Ajay Banga will step down at the start of the next year and will be replaced by Chief Product Officer Michael Miebach.
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Stock market news live: Stock futures rise as investors struggle to overcome coronavirus fears
Investors are increasingly unsettled by the eruption of new coronavirus cases outside of China, and are selling risk-sensitive assets. …read more […]
Business News
Chinese consumers snap up yoga mats, video games, condoms as coronavirus keeps them at home
As the coronavirus epidemic keeps hundreds of millions of Chinese stuck at home, they’re shopping online to stave off boredom with games for Nintendo’s Switch console, yoga mats, books and condoms all showing big jumps in orders.
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Home Depot quarterly earnings beat estimates, shares rise in pre-market trading
Home Depot earnings are out. Here is what you need to know. …read more […]
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Did Carnival Corporation & Plc (NYSE:CCL) Use Debt To Deliver Its ROE Of 12%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
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Why the market suddenly got so worried about coronavirus: Morning Brief
Top news and what to watch in the markets on Tuesday, February 25, 2020. …read more […]
Business News
EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6
EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing.
Business News
Oil steadies above $56 as supply constraints counter virus fears
Oil steadied above $56 a barrel on Tuesday after two days of declines as OPEC output cuts and Libyan supply losses balanced concerns about the spread of the coronavirus and its impact on oil demand.
Business News
Global stocks pause after coronavirus shakeout
Global stock markets stabilised on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce after the previous day’s sharp selloff on fears about the spreading coronavirus.