Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen, while it also expects to sell more vehicles than an earlier estimate.
People have shifted money into more conservative investments amid uncertainty about how the election could affect retirement plans. …read more […]
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war.
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen.
Asian stocks edged up on Thursday, cheered by record closes in Wall Street benchmarks after encouraging economic data, although investors kept a wary eye on the developments in the coronavirus outbreak.
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China as a sign fuel demand may rebound in the world’s biggest oil importer.
KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.
Korean Air Lines said on Thursday it will sell a property in downtown Seoul and one of its non-core business units in line with its goal of improving financial stability.
Drugmakers racing to find a vaccine or effective treatment for the deadly new coronavirus in China cautioned that they have a long way to go.
Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak in China as a sign fuel demand could rebound in the world’s biggest oil importer.
(Bloomberg) — Citigroup Inc. strategists are warning about a sense of euphoria and “substantive” complacency in financial markets, when the impact of the coronavirus is not yet clear.“Pretty much every client we talk to wants to buy the dip, and that is not comforting,” wrote Tobias Levkovich, chief U.S. equity strategist, in a note Wednesday. “While there may be some good news on a potential slowing of the outbreak’s spread outside of the Hubei province, we are reticent to think that the impact is behind us now.”Global equities have rebounded strongly this week, with U.S. stocks surging to fresh records, …read more […]
Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary eye on the impact of the coronavirus outbreak.
The Trump administration is ramping up pressure against Venezuelan President Nicolas Maduro’s government, and energy companies with ties to it, from Russia’s Rosneft to U.S.-based Chevron Corp , should “tread cautiously,” a senior administration official said on Wednesday.
(Bloomberg) — Biotechnology and drug-research services firm PPD Inc. raised $1.62 billion in the biggest U.S. initial public offering so far this year.The company sold 60 million shares Wednesday for $27 each after marketing them $24 to $27. PPD is valued in the IPO at $9.16 billion based on the outstanding shares listed in its filings.Business-to-business firms such as PPD have tended to fare better in their IPOs and afterward than consumer-focused companies, including the herd of so-called unicorns that have gone public in the past year. The two most prominent of those once-private startups with valuations of $1 billion …read more […]
Brazil’s development bank BNDES sold on Wednesday $5.2 billion in common shares it owned in state-controlled oil company Petroleo Brasileiro SA , two people with knowledge of the matter said.
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