Business & Finance News
The safe-haven Japanese yen firmed and the Chinese yuan weakened on Thursday, as traders kept a wary eye on the spread of a virus in China, while the battered Australian dollar jumped after a surprise drop in unemployment.
Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships.
Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.
Amazon.com Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.
Amazon.com Inc on Wednesday said it filed a motion to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.
Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil.
Boeing Co said on Wednesday it was delaying 777X airplane’s first test flight, which was scheduled to take place on Thursday, due to bad weather.
Australia’s Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.
Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week.
Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.
The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment.
Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.
Toyota Motor Corp’s labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year.
The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.
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