Feb.02 — Bob Baur, chief global economist at Principal Global Investors, discusses how the coronavirus outbreak is affecting the U.S. economy. He speaks with Paul Allen and Taylor Riggs on “Bloomberg Markets.” …read more […]
China’s top electric vehicle battery maker CATL said on Monday it has signed a battery supply agreement with Tesla.
China’s top electric vehicle battery maker CATL said on Monday it has signed a battery supply agreement with Tesla . Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own needs, CATL said in a stock exchange filing, adding the agreement does not impose restrictions on Tesla’s purchase volume. …read more […]
Feb.02 — China has pledged support for its financial markets that are scheduled to reopen Monday following the extended Lunar New Year break as the coronavirus outbreak shows no signs of slowing. Selina Wang reports on “Bloomberg Markets.” …read more […]
Asian markets are set for another bumpy ride on Monday on fears about the hit to world growth from the rapidly spreading coronavirus, with all eyes on China where trading resumes following the Lunar New Year break.
Troubled retail chain Forever 21 has reached an agreement to be sold to a group that includes mall owners Simon Property Group and Brookfield Property Partners and brand management company Authentic Brands Group. …read more […]
The U.S. Department of Homeland Security (DHS) issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus.
Germany’s current account surplus remained the world’s largest last year despite trade tensions, the Ifo economic institute will say on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.
(Bloomberg) — Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy industry.The drop is probably the largest demand shock the oil market has suffered since the global financial crisis of 2008 to 2009, and the most sudden since the Sept. 11 attacks. It could force the hand of the OPEC cartel, which is considering an emergency meeting to cut production and staunch the decline in prices, which are headed for the lowest close in a year.China …read more […]
(Bloomberg) — U.S. stock futures rebounded as investors took solace in emergency stimulus by China’s government, speculating it would calm two weeks of volatility in global markets spurred by the coronavirus outbreak.March contacts on the S&P 500 rose 0.3%, while futures on the Nasdaq 100 added 0.2% as of 6:01 p.m. in New York. The moves come as Chinese markets prepare to reopen after a holiday break that saw losses spiral in equities and commodities, and Treasury yields fall to five-month lows.Over the weekend, China’s central bank said it will supply a net $21.7 billion to money markets while advising …read more […]
Investors are bracing for a potential plunge in Chinese markets on Monday when onshore trade in stocks, bonds, yuan and commodities resumes following the Lunar New Year break and a steep global selldown on fears about the spread of a new virus.
The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Image: David Cliff/Zuma Press …read more […]
Energy stocks are getting hammered following a slew of poor earnings reports of the oil majors, with upstream, refining and petrochemicals segments suffering the most …read more […]
They lost on substance and the politics. Image: Stefani Reynolds/Zuma Press …read more […]
Democrats start separating the wheat from the chaff. Image: Al Drago/Bloomberg …read more […]
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