Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China was offset by expectations that output cuts from major producers will tighten crude supply.
Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional easing steps without hesitation if the coronavirus outbreak significantly threatened Japan’s economy and price trends, the Sankei newspaper reported on Monday.
Australia’s QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a “material risk” for its operations across the globe.
Americans quarantined on the coronavirus-stricken ship Diamond Princess, site of the biggest outbreak outside China, departed Tokyo on flights arranged by the U.S. government. Image: Kyodo via AP Images …read more […]
Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks.
Japanese Economy Minister Yasutoshi Nishimura said on Monday the government was ready to take all necessary steps flexibly with an eye on the impact of the coronavirus outbreak on the economy and tourism.
General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.
General Motors Co is retreating from more markets outside the United States and China, saying on Sunday that it will wind down its Australian and New Zealand operations, while selling a plant in Thailand.
Markets were mixed in Asia on Monday, with Japan’s benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts. South Korea’s Kospi was flat, at 2,242.50, while the Hang Seng in Hong Kong climbed 0.5% to 27,953.73. …read more […]
Shopify, Inc. (NYSE:SHOP) Q4 2019 Earnings Conference Call February 12, 2020 Company Participants Katie Keita – Senior Director, IR Harley Finkelstein – COO Amy Shapero – […]
At the Moving America Forward forum in Las Vegas on Sunday, Tom Steyer said that instead of the government subsidizing the production of electric vehicles, he believes it is more likely, “the government ends up buying back polluting vehicles so people can go and buy cleaner vehicles without loss.” Photo: AP …read more […]
New Cancer Therapies Offer Big Upside in These Stocks, says Wealth Advisor’s Chris Friedmann Investors aren’t getting any younger, which is why Chris Friedmann from the Wealth Advisor has widened his focus from pure fintech […]
At the Moving America Forward forum in Las Vegas on Sunday, former Vice President Joe Biden said the transportation network needs to change when asked if he would implement a national toll to reduce road congestion. Photo: AP …read more […]
(Bloomberg Opinion) — Bullion prices are at their highest in seven years, closing in on $1,600 an ounce. Gold held by exchange-traded funds is at all-time records and rising, thanks to worries over the economic damage inflicted by the coronavirus outbreak. Reserves, meanwhile, are depleting. It’s a heady mixture for miners, but perhaps not yet an intoxicating one.Take Polyus PJSC, Russia’s largest gold digger. The $17 billion company said last week that it would pay down debt before beginning to spend seriously on its $2.5 billion Sukhoi Log project, set to add 1.6 million ounces a year to supply. That’s …read more […]
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