European planemaker Airbus SE said on Tuesday that it has agreed to reach a settlement with French, British and U.S. authorities regarding a probe into allegations of bribery and corruption.
Asian stocks took a battering on Tuesday as the death toll from a virus in China climbed, leaving investors fretting over the widening economic fallout from the outbreak and lifting bonds on expectations central banks would need to keep stimulus flowing.
Spot gold fell 0.1% to $1,579.38 per ounce by 0456 GMT, after hitting a near three-week peak on Monday. U.S. gold futures edged higher by 0.1% to $1,578.10. Gold prices rose for the past four sessions as the spread of the coronavirus rattled financial markets and prompted authorities to impose travel restrictions and extend the Lunar New Year holidays. …read more […]
Facebook Inc and other global companies including LG Electronics Inc and Standard Chartered Plc are restricting travel to China, as the death toll from a flu-like virus rose above 100 on Tuesday.
(Bloomberg) — Apple Inc.’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths.Virtually all of the world’s iPhones are made in China, primarily by Foxconn’s Hon Hai Precision Industry Co. at its so-called iPhone City in Zhengzhou and by Pegatron Corp. at an assembly site near Shanghai. Each of those locations is more than 500 kilometers away from Wuhan in central China, the epicenter of the viral outbreak, but that distance doesn’t immunize them from its …read more […]
Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand.
Last week, you might have seen that Telefonaktiebolaget LM Ericsson (publ) (STO:ERIC B) released its full-year result… …read more […]
(Bloomberg) — Asian stocks and Chinese futures slumped again on Tuesday, though contracts on U.S. equity benchmarks edged up, as investors tried to gauge the magnitude of economic damage from the coronavirus.Japanese shares headed for their worst back-to-back daily losses since last August’s trade-war worries. South Korean stocks slumped more than 3% as that market reopened after holidays, and Australia’s benchmark also underperformed. The yuan stabilized after a sharp slide Monday that left it at its weakest since December, and the yen gave up a sliver of recent gains. Treasuries also steadied, and the sell-off in crude oil moderated. But …read more […]
Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while bonds shone on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.
Earnings season kicks into higher gear Tuesday with a slew of quarterly reports, but investors will be paying especially close attention to tech giant Apple and chipmaker Advanced Micro Devices. …read more […]
Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favor on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.
Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favour on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. As the death toll reached 100 and the virus spread to more than 10 countries, including France, Japan and the United States, some health experts questioned whether China can contain the epidemic. China has already extended the Lunar New Year holiday to Feb. 2 nationally, and to Feb. 9 for Shanghai. …read more […]
Brazilian antitrust regulator Cade on Monday approved Boeing Co’s purchase of Embraer SA’s commercial aviation division without restrictions, according to a statement on the agency’s website.
Prime Minister Boris Johnson will meet senior ministers on Tuesday to decide whether to allow the use of equipment made by China’s Huawei in Britain’s future 5G mobile network.
Sainsbury’s committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government’s own target which it said “isn’t soon enough”.
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