Asian stocks eased and currency markets were skittish on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a rate cut to support its economy.
Michael Bloomberg defended his billionaire status during the Democratic debate in Las Vegas. …read more […]
(Bloomberg) — Two people from the quarantined cruise ship in Japan have died, NHK reported, while coronavirus cases in South Korea more than doubled in one day, with a surge of infections tied to a church.Stocks came under pressure on signs the outbreak was spreading more rapidly beyond China. The death toll in mainland China rose to 2,118 as Hubei province added 108 fatalities.China’s banks lowered the benchmark borrowing costs for loans as Beijing seeks to blunt the economic impact of the outbreak. China is planning to take over HNA Group Co. and sell off its airline assets after the …read more […]
Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
BEIJING/SHANGHAI (Reuters) – China plans to take over HNA Group Co and sell off its airline assets as the coronavirus outbreak has hit the conglomerate’s ability to meet financial obligations, Bloomberg reported on Wednesday, citing people familiar with the matter. The government of Hainan, the southern province where HNA is based, is in talks to take control of the group, the report said. HNA did not immediately respond to requests for comment on the Bloomberg report. …read more […]
Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday.
(Bloomberg) — Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.’s Speedway gas stations for about $22 billion, according to people familiar with the matter.The 7-Eleven owner is lining up financing for the potential transaction, which could be announced as soon as next week, said the people, who asked not to be identified as the deliberations are private. No final decision has been made and discussions could fall through, they said.Representatives for Marathon Petroleum and Seven & i declined to comment. Shares of Seven & i erased gains in …read more […]
Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months.
Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to the U.S. economy.
A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still on for Thursday, two sources said, despite a pushback from President Donald Trump against stricter limits on shipments of U.S. products overseas.
Germany’s Fresenius Medical Care on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America.
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