Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Standard Chartered on Thursday posted a 45.5% rise in annual profit, weathering the economic fallout from global trade tensions and political protests in Hong Kong with revenue growth in its main markets.
(Bloomberg) — Even with gold at seven-year highs, there’s still room for more gains if history is anything to go by.Prices have surged this year as haven-seeking investors pour in. Markets have been shaken by worries that the coronavirus outbreak will cripple global growth, coupled with expectations for looser monetary policy around the world. Assets in bullion-backed exchange-traded funds are at the highest ever and money managers are holding a near-record bullish bet.Yet gold remains a relatively small percentage of portfolios by historic standards. And as investors assess the virus threat to the world’s biggest economies, it’s worth remembering that …read more […]
JPMorgan Chase & Co on Thursday named veteran Filippo Gori as its new Asia Pacific chief executive officer to oversee strategy and operations of the Wall Street bank across 17 markets in the region.
Google persuaded a federal appeals court on Wednesday to reject claims that YouTube illegally censors conservative content.
Rising fears of a pandemic, which U.S. health authorities have warned is likely, had already wiped more than $3.6 trillion from global stock markets by Wednesday’s close. China accounts for about 96% of cases and has instituted dire containment methods that have paralysed global supply chains. South Korea reported 334 new cases on Thursday, its largest daily rise since its first case was confirmed on Jan. 20. …read more […]
Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.
CATL , China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital.
(Bloomberg) — U.S. stock index futures slid after President Donald Trump’s speech failed to assuage investors’ concerns of the novel coronavirus derailing global growth.March contracts on the S&P 500 Index were down as much as 1.1% as of 11:29 a.m. in Tokyo, after the president held a press conference to update the country on the administration’s response to the growing crisis. U.S. health authorities said they’ve identified the first case of coronavirus that doesn’t have known ties to an existing outbreak.“President Trump’s press conference was certainly intended to be a confidence builder but I don’t believe it will have much …read more […]
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand.
Hyundai Motor Co and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said on Wednesday.
Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand.
Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds.
Alphabet’s proposed “smart” city development in Toronto is facing fresh questions over the project’s data-gathering technology from a panel advising the Canadian government-mandated body in charge of getting it built.
Exclusive interview with legendary market analyst Charles Nenner shares an update on current market cycles in stocks, gold, forex, bitcoin, coronavirus and more! Listen to the interview […]
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