Company news

Oil prices drop further; sets to hit sharpest fall in four years

SINGAPORE- Oil prices recorded six consecutive days of decline, its weakest weekly performance in more than four years. Such drop was heavily brought by the fast-paced spread of the novel coronavirus which sparked concerns that the possibility ...
28.02.2020

World braces for nCoV pandemic; wide recession speculation

BEIJING- Optimism that the coronavirus contagion would be contained in China disappeared on Friday as the disease reached wider scope, hitting other nations. To prepare for a worldwide pandemic, countries started hoarding medical equipment ...
28.02.2020

Yen surges as investors retreat to safe haven assets

The Japanese Yen on Friday rose to a one-month high after the reports of the virus spreading outside of China piled on concerns and sent investors retreating to safe-haven assets. Hopes of the virus containment in China diminished after several ...
28.02.2020

Income surge sets the London Stock Exchange closer to Refinitiv deal

The London Stock Exchange (LSE) said on Friday that it was “on track” to completing its takeover of the analytics company, Refinitiv, after a clearing activity led to a higher-than-expected annual income. According to LSE CEO David ...
28.02.2020

Home prices in Hong Kong plunge for two consecutive months in January

Private home prices in Hong Kong declined for the second consecutive month in January, with a 0.2% dip as coronavirus outbreak hounds the property and real estate sector that has not fully recuperated from the previous burden brought by the ...
28.02.2020

Bank of Canada to keep rates unchanged, rate cuts seen within the year: poll says

Reuter’s survey revealed that the Bank of Canada will keep its interest rates steady at 1.75% on Wednesday. However, monetary easing is seen to be imposed before the year ends, according to a significant number of economists surveyed ...
28.02.2020

Hyundai Motor suspends factory operations as worker acquires coronavirus

Hyundai Motor closed its factory in South Korea on Friday after one of its workers was confirmed to be infected by the novel coronavirus. The factory operations are suspended indefinitely with popular car models including Palisade sport utility ...
28.02.2020

Asian stocks crash as pandemic concerns intensify

SINGAPORE- Oil and Asian share markets continued to hit lower grounds on Thursday as the fast-paced contagion of the novel coronavirus brought market sentiment down and made investors seek safe-haven assets. The MSCI’s broadest index ...
27.02.2020

Oil prices sink as nCoV contagion reaches greater scope

TOKYO- Oil prices hit a five-day low on Thursday, its lowest performance since January 2019. Such inactivity was brought by increasing rate of coronavirus diagnosis outside China which intensified investors’ fears that the contagion will ...
27.02.2020

South Korea keeps rates steady despite coronavirus risks

The Central Bank of South Korea kept its rates steady and unmoved on Thursday, killing hopes for monetary easing, despite the glaring coronavirus risks as it continues to spread in the country, threatening to hurt the fourth-largest economy ...
27.02.2020

New Zealand business sentiment drops amid coronavirus concerns

New Zealand’s business outlook in January had dropped as the coronavirus outbreak in China and abroad piled on concerns over global economic growth, according to an ANZ Bank survey on Thursday. The survey showed that a net 19.4% of participants ...
27.02.2020

China’s CATL to raise $2.85 billion to fund battery projects

China’s CATL to raise $2.85 billion to fund battery projects China’s leading vehicle battery manufacturer CATL said that it would be raising over 20 billion Yuan ($2.85 billion) in order to fund its battery production and storage ...
27.02.2020

Box Inc predicts first-quarter revenue will beat analyst forecasts

Box Inc. predicted its first-quarter revenue to beat Street estimates due to higher demand for its online software products, causing its shares to gain 9% in extended trading. The company beat fourth-quarter profit and revenue, lifted by its ...
27.02.2020

European stocks fall again over virus fears

European shares dropped again on Thursday, with a deeper hit for travel stocks due to a sudden rise in coronavirus cases outside China. This news heightened fears on its impact on global growth. Many blue-chip companies released profit warnings, ...
27.02.2020

Oil advances on short-covering despite heavy coronavirus concerns

TOKYO- Oil prices positively performed on Wednesday as investors resorted to short-covering after three sessions of inactivity. Gains were recorded even as novel coronavirus contagion continues to bring worries that its further spread may lead ...
26.02.2020

Disney CEO Bob Iger steps down, new Bob takes over as chief executive

Walt Disney announced on Tuesday that Bob Iger is stepping down as chief executive officer, with Bob Chapek taking the helm of the operations of the giant studio. However, Bob Igers will remain to hold a special leadership role taking on the ...
26.02.2020

Dollar slides, loses safe haven status

The dollar slipped on Wednesday as investors question its relative strength, together with other US financial assets, as central bank imposed rate cuts and health officials warned of a potential domestic virus outbreak. The dollar’s index ...
26.02.2020

Thailand reports worse-than-expected January factory output, down by 4.6%

Thailand reports worse-than-expected January factory output, down by 4.6% Thailand reported its manufacturing production index (MPI) for January which dropped sharply for a ninth-straight month. The country’s PMI, which slid 4.59% lower ...
26.02.2020

Hong Kong announces $15.4 billion relief package to boost economy

Hong Kong announces $15.4 billion relief package to boost economy Hong Kong Financial Secretary Paul Chan announced on Wednesday a HK$120 billion ($15.4 billion) relief package in an attempt to bolster the country’s economy amid the coronavirus ...
26.02.2020

Asian shares underperform, bonds soar as nCoV anxiety presses

TOKYO- Asian shares sunk down on Wednesday after the United States warned that further spread of novel coronavirus may end up as a global emergency. The announcement dragged Wall Street and tied earnings on safe-haven Treasuries to low grounds. ...
26.02.2020
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