Business & Finance News
Europe’s share markets suffered their biggest slump since mid- 2016 on Monday, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds.
Warren Buffett said on Monday that negative headlines, including on the coronavirus outbreak, do not dampen his view that stocks are a good place for many people to invest for the long-term.
Europe’s share markets suffered their biggest slump since mid- 2016 on Monday, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds.
Insiders note an “eerie” calm at Boeing Co’s 737 MAX factory, formerly a bustling hub that has helped fuel the aviation industry’s record growth over the last two decades.
Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its high-nicotine e-cigarettes to young people in a largely unregulated tobacco market.
Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand.
United Technologies Corp and Raytheon Co have offered concessions to address EU antitrust concerns about their plan to create a $120 billion U.S. aerospace and defense giant, a filing on the European Commission website showed on Monday.
SoftBank’s second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a test that can quickly detect hard to diagnose infections through a simple taking of blood, the start-up said on Monday.
Private equity-backed generic drugmaker Stada said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline to further strengthen its prescription-free drugs business in Europe.
Blackstone Group has raised its proposed offer to buy Japanese hotel chain Unizo Holdings to 6,000 yen ($53.78) from 5,600 yen per share, the U.S. private equity firm said on Monday, topping a bid by U.S. investment fund Lone Star.
The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it’s added 2.5% against six currency peers. Economic indicators are reinforcing the U.S growth engine’s outperformance. The United States has the highest bond yields among developed nations and its companies keep beating earnings forecasts. It’s relative resilience to coronavirus damage m
The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it’s added 2.5% against six currency peers. Economic indicators are reinforcing the U.S growth engine’s outperformance. The United States has the highest bond yields among developed nations and its companies keep beating earnings forecasts. It’s relative resilience to coronavirus damage m
Global share markets and oil fell on Monday, safe-haven gold surged and U.S. Treasury yields reached their lowest since mid- 2016, as coronavirus cases spread outside China, darkening the outlook for world growth.
Oil prices tumbled by more than 3% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors concerned about a hit to demand.
U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 U.S.-China trade deal, although that could change as more data becomes available in coming weeks.
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