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”.
Britain’s decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.
Big Oil has faced an onslaught of negative sentiment in recent years as climate activists ramp up their rhetoric, but the supermajors aren’t going anywhere anytime soon …read more […]
America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecoms regulator.
Asian shares slipped again on Tuesday as China took more drastic steps to combat the coronavirus, while bond yields fell globally on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.
Whirlpool Corp beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs.
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