January 2020 – Page 44

Asia Stocks Drop on Virus Fears; Yuan Steadies: Markets Wrap

January 28, 2020 admin Comments Off

(Bloomberg) — Asian stocks and Chinese futures slumped again on Tuesday, though contracts on U.S. equity benchmarks edged up, as investors tried to gauge the magnitude of economic damage from the coronavirus.Japanese shares headed for their worst back-to-back daily losses since last August’s trade-war worries. South Korean stocks slumped more than 3% as that market reopened after holidays, and Australia’s benchmark also underperformed. The yuan stabilized after a sharp slide Monday that left it at its weakest since December, and the yen gave up a sliver of recent gains. Treasuries also steadied, and the sell-off in crude oil moderated. But …read more […]

Stocks crumble as China virus toll mounts, safe havens in demand

January 28, 2020 admin Comments Off

Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while bonds shone on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.

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Apple, AMD earnings: What to know in markets Tuesday

January 28, 2020 admin Comments Off

Earnings season kicks into higher gear Tuesday with a slew of quarterly reports, but investors will be paying especially close attention to tech giant Apple and chipmaker Advanced Micro Devices. …read more […]

Stocks crumble as deadly coronavirus spreads, safe havens in demand

January 28, 2020 admin Comments Off

Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favor on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.

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GLOBAL MARKETS-Stocks crumble as deadly coronavirus spreads, safe havens in demand

January 28, 2020 admin Comments Off

Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favour on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. As the death toll reached 100 and the virus spread to more than 10 countries, including France, Japan and the United States, some health experts questioned whether China can contain the epidemic. China has already extended the Lunar New Year holiday to Feb. 2 nationally, and to Feb. 9 for Shanghai. …read more […]

Brazil antitrust regulator gives nod to Boeing-Embraer deal

January 28, 2020 admin Comments Off

Brazilian antitrust regulator Cade on Monday approved Boeing Co’s purchase of Embraer SA’s commercial aviation division without restrictions, according to a statement on the agency’s website.

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Britain seeks Huawei ‘solution’ as U.S. pressure mounts

January 28, 2020 admin Comments Off

Prime Minister Boris Johnson will meet senior ministers on Tuesday to decide whether to allow the use of equipment made by China’s Huawei in Britain’s future 5G mobile network.

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Sainsbury’s targets 2040 for net zero emissions, criticizes UK goal

January 28, 2020 admin Comments Off

Sainsbury’s committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government’s own target which it said “isn’t soon enough”.

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As Britain decides, Europe grapples with Huawei conundrum

January 28, 2020 admin Comments Off

Britain’s decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.

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5 Reasons Why Big Oil Is Here To Stay

January 28, 2020 admin Comments Off

Big Oil has faced an onslaught of negative sentiment in recent years as climate activists ramp up their rhetoric, but the supermajors aren’t going anywhere anytime soon …read more […]

Mexico’s America Movil fined by regulator; calls it ‘illegal and disproportionate’

January 28, 2020 admin Comments Off

America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecoms regulator.

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Asian shares, bond yields fall as deadly coronavirus spreads

January 28, 2020 admin Comments Off

Asian shares slipped again on Tuesday as China took more drastic steps to combat the coronavirus, while bond yields fell globally on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.

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Whirlpool forecasts 2020 largely above estimates as profit beats

January 28, 2020 admin Comments Off

Whirlpool Corp beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs.

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Exxon at a 10-Year Low Shows Challenges for Oil’s Biggest Major

January 28, 2020 admin Comments Off

(Bloomberg) — It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its worst one-day decline since October.But for Exxon, which dropped out of the index’s top 10 largest companies by market value for the first time last year, the malaise runs deeper than the state of the crude market.Chief Executive Officer Darren Woods is running a counter-cyclical …read more […]

Beer, wine, spirit makers pledge age-restriction labels on drinks

January 28, 2020 admin Comments Off

Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking.

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