Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.
The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China’s coronavirus outbreak propped up the safe-haven yen.
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.
Stocks made a barely positive start in early Asian trade on Friday after the world’s health body called it a little too early to declare a coronavirus outbreak a global emergency.
Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.
Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand.
U.S. President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.
Boeing Co said its 777X aircraft’s first test flight would take place on Friday after bad weather delayed its scheduled takeoff on Thursday.
U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.
U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.
Wells Fargo & Co’s U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal.
The market is pricing up smartphone sellers, but the real long-term 5G growth is in the Internet of Things Continue reading… …read more […]
Boeing Co said its 777X airplane’s first test flight would take place on Friday, after bad weather delayed the flight scheduled for Thursday.
Boeing has previously said the 777X, its largest-ever twin-engined model, designed to hold on average 406 people, was on track to be delivered in 2021. Boeing said on Thursday weather or other factors could still delay the test flight. The crisis surrounding the smaller jet following two fatal crashes has led new Chief Executive Officer Dave Calhoun to send the aerospace giant back to the drawing board on proposals for a new mid-market aircraft. …read more […]
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