Japanese trading house Mitsubishi Corp is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday.
(Bloomberg) — Want the lowdown on what’s moving Asia’s markets in your inbox every morning? Sign up here.Asian stocks headed for their first back-to-back daily advance since concerns about the coronavirus erupted two weeks ago, while U.S. futures retreated after a powerful rally on Wall Street Tuesday.Asian currencies mostly retreated, pulled down by Singapore’s dollar, after that city’s central bank said there was room for easing. Hong Kong stocks gave up gains after a report on potential new restrictions to contain the virus. Japanese equities led advances. European equity futures slid. Bonds fell, though came off their lows late in …read more […]
A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors.
Asian stocks steadied on Wednesday as Chinese shares moved higher on hopes of additional stimulus to cushion the economic blow from a coronavirus outbreak, but risks remain as the illness continued to spread and the death toll neared 500.
The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump highlighted in his State of the Union speech to Congress on Tuesday.
General Motors is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option – a move which proved highly unpopular and helped sales slide, people familiar with matter said.
Intel Corp is investing heavily in “smart buildings” in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete for the country’s top professionals.
The Trump administration plans to meet this month to discuss further curbing exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus.
Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war.
The Trump administration plans to meet this month to discuss further curbing exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
(Bloomberg) — The Singapore dollar weakened to a four-month low after the central bank said there’s “sufficient room” for the currency to ease if the economy weakens due to the impact of the coronavirus.The currency, which is maintained in a band against a basket of peers, has been fluctuating near the upper end of its boundary since October, and could ease, the Monetary Authority of Singapore said in a statement Wednesday. The MAS maintained its policy outlook and said it will meet in April, as scheduled.Traders across Asia have been ratcheting up bets that central banks in the region will …read more […]
Japanese trading house Marubeni Corp sees limited direct impact on its businesses from the coronavirus in China, but its spread may weigh on the global economy, commodities and the company’s earnings if it lasts a long time, its chief financial officer said on Wednesday.
Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”.
Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll show how you can… …read more […]
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