Business & Finance News
The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.
Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had by Friday killed 26 people and infected hundreds globally. That’s actually reassuring when compared to the secretive handling of the 2003 SARS epidemic. And the World Health Organisation says while this is “an emergency in China”, it’s not of international concern yet
Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.
Italy’s competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group’s treatment of user data.
The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.
To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.
Intel Corp’s shares rose 5% on Friday after demand from data centers fired up the chipmaker’s cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.
Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company’s global general counsel, reporting to president Alex Zhu.
JPMorgan Chase & Co has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen by Reuters.
U.S. stock index futures edged higher on Friday, as a strong forecast from chipmaker Intel and encouraging business activity data out of Europe lifted the mood as investors tracked latest developments related to the coronavirus outbreak.
Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday, following his escape from Japan last month.
Asset managers BlackRock Inc., Franklin Templeton and Principal Financial Group are vying for a partnership with state-controlled lender Banco do Brasil’s asset management unit, a Brazilian newspaper reported on Friday.
Oil slipped below $62 a barrel on Friday and headed for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, overshadowing supply cuts.
The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters.
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