UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid clip that it could close within 60 days, the top executive at the Missouri plant said on Thursday.
Investors who take an interest in Royal Dutch Shell plc (AMS:RDSA) should definitely note that the CEO & Director, Ben… …read more […]
Oil prices plunged to their lowest in more than a year on Friday, putting them on track for the biggest weekly decline in more than four years, as the rapid spread of the coronavirus stoked fears of slowing global demand.
JPMorgan Chase & Co issued global restrictions on non-essential travel to protect its employees and business against the spreading coronavirus, the Bloomberg News https://bloom.bg/2vnxhyW reported late on Thursday.
Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand.
U.S.-based Public Storage emerged on Friday as the likely buyer of Australia’s largest self-storage operator National Storage REIT with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race.
“The rebound of the economy after the outbreak will continue to be a long-term project,” Baidu CEO Robin Li said in an internal letter obtained by Reuters. The potential fall for first-quarter core revenue – sales made from advertising – was even steeper, with Baidu forecasting a slide of 10% to 18%. “Baidu will also struggle more than other internet companies in China due to its greater reliance on the advertising market,” said Haris Anwar, an analyst at financial markets platform Investing.com. …read more […]
Japan’s factory output rose more than expected in January, providing some relief for policymakers amid heightened risks of a recession as the coronavirus outbreak in China disrupts supply chains and business activity.
World share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
(Bloomberg) — Fear gripped Asian markets Friday after the biggest rout for equities on Wall Street since 2011, with investors flocking to the yen and bonds to find shelter from the expected blow to corporate earnings from the coronavirus.With the likes of Citigroup Inc. analysts saying they want to see markets “closer to panic” before going all-in on global equities, there was no appetite for dip buying ahead of the weekend. The Topix Index slid over 4%, and Shanghai and Seoul saw declines of over 3%. U.S. futures tumbled after a 4.4% plunge Thursday. Crude oil collapsed below $46 a …read more […]
Japan’s vice minister of justice is traveling to Lebanon this weekend to try to make the case that fugitive ex-Nissan Chairman Carlos Ghosn should stand trial in Japan.
Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.
Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth.
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