Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.
Japanese supermarket chain Aeon Co Ltd , Asia’s biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the summer Olympics.
(Bloomberg Opinion) — In Israel, the 75th anniversary of the liberation of the Auschwitz concentration camp will be marked by somber speeches, moments of silence, the attendance of many world leaders and the notable absence of one: Polish President Andrzej Duda.His absence at the Jan. 23 commemoration is more than just a diplomatic oversight. It has angered senior members of President Donald Trump’s administration and widened a rift between Poland and Israel. U.S. officials tell me that they fear the event itself will be seen as a victory for the Kremlin, which in recent years has sought to push propaganda …read more […]
Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% stake, sources with knowledge of the matter said.
Jan.20 — Tim Moe, chief Asia-Pacific equity strategist at Goldman Sachs, discusses the risk-off mood in Asian markets and his outlook for markets in Hong Kong. He speaks with Bloomberg’s Stephen Engle on “Bloomberg Markets: Asia” from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Taiwan’s Pegatron Corp. plans to set up production facilities in Vietnam, according to people familiar with the matter, becoming the latest Apple Inc. assembly partner to establish a presence in the Southeast Asian nation as they diversify beyond China.Taipei-listed Pegatron is looking for a site to build a brand new facility in the north of the country, according to people familiar with the matter who asked not to be identified discussing private plans. It already has rented a separate facility …read more […]
Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
(Bloomberg) — Financial markets saw a flight from risk in Asia trading Tuesday amid growing concern about the outbreak of a virus originating in central China.Risk assets from Hong Kong and Chinese stocks to the Korean won tumbled, while havens such as the yen and Treasuries climbed following reports that multiple medical workers have been infected by the virus and the death count grew to four people. The moves come as hundreds of millions of Chinese prepared to travel across the country and globally for the Lunar New Year and a day after Moody’s Investors Service downgraded Hong Kong by …read more […]
Jan.20 — Marcos Chan, head of research for the Greater Bay Area & Hong Kong at CBRE, discusses Hong Kong’s commercial real estate sector and how the Mystery China virus could impact the market. He speaks on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — U.S. stock index futures slid as concerns over the spread of a SARS-like virus from central China damped demand for equities. S&P 500 Index futures contracts expiring in March fell as much as 0.5% after multiple medical workers were reported to have been infected. Dow Jones Industrial Average contracts were down 0.3% while those on the Nasdaq 100 retreated 0.5%. U.S. markets were closed Monday for Martin Luther King Jr. Day.Asian Tourism, Consumer Stocks Slip Amid Concern of Virus ImpactAsian stocks tumbled as risk-off sentiment roiled markets and spurred a flight to quality across assets. Gold and the …read more […]
Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.
(Bloomberg) — A virus outbreak in China is sending shockwaves through the country’s stock market, denting what had been growing enthusiasm toward shares.Consumer shares led losses in the FTSE China A50 Index of large caps Tuesday, which was set for its biggest drop in almost five months. Investors also sold crowd favorites such as liquor makers Wuliangye Yibin Co. and Kweichow Moutai Co., while travel operator China International Travel Service Corp. fell 3.5%. The offshore yuan slid as much as 0.5%, briefly trading on the weak side of 6.9 per dollar.The declines come just days before China celebrates the Lunar …read more […]
(Bloomberg) — China’s financial opening could be a classic case of be careful what you wish for.The opportunity of making inroads in the world’s second-largest economy is prompting the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co. to detail expansions that some estimate will see $1 trillion plowed into China. Plans to throw open the $45 trillion market were expedited last week after China said it will hasten the entry for securities firms, rating companies and credit-card providers as part of a trade deal with the U.S.Yet, a bevy of hurdles still promise to complicate the efforts …read more […]
Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.
Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.
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