Month: March 2020

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Let’s talk about the popular JD.com, Inc. (NASDAQ:JD). The company’s shares received a lot of attention from a… …read more […]

(Bloomberg) — Huawei Technologies Co., the Chinese technology giant barred from doing business with U.S. suppliers, is finding a way around the strict limits imposed by the Trump administration.The Commerce Department, citing national security concerns, has largely forbidden American companies from selling Huawei the computer chips it needs to make a piece of equipment integral to newly introduced high-speed wireless networks. In response, China’s largest technology company ramped up its own capabilities to manufacture the gear, which is known as a base station.In a sign that the self-reliance is working, Huawei in the fourth quarter sold more than 50,000 of …read more […]

(Bloomberg) — Asia’s manufacturing took a tumble in February under the weight of the rapidly spreading coronavirus, with a severe contraction in activity in China driving down output across the region.China’s factory index from IHS Markit dropped to the lowest since the series began in 2004, according to figures released Monday. Reports in South Korea and Japan showed deeper slumps last month, while Taiwan also recorded weaker activity.The numbers show how the outbreak is rippling through the region, disrupting supply chains and depressing demand. Travel restrictions are widespread, schools and businesses are shuttered in some countries and governments are scrambling …read more […]

With Chinese consumers hit by quarantine and travel restrictions as well as just wary about venturing out to the shops due to the coronavirus epidemic, companies in the world’s most populous nation are experimenting with new tricks to make sales. Oil giant Sinopec – keen to get customers back in their cars and help farmers unable to deliver produce due to roadblocks – launched a new scheme last month called “zero-touch” vegetable sales at its 6,000 gas stations in 147 Chinese cities. Consumers place and pay for orders on the Sinopec mobile app and when they drive …read more […]

Mar.02 — Bob Parker, investment committee member at Quilvest Wealth Management, discusses the bounce in equity markets and the possible reasons for the uptick. He speaks on “Bloomberg Markets: European Open.” …read more […]

The coronavirus has people all over the world frightened and afraid. But is the fear and uncertainty driving more Americans to change their spending habits? …read more […]

German airline group Lufthansa said on Monday that it was extending the suspension of flights to China until April 24, to Tehran until April 30 and reducing services to northern Italy due to the coronavirus outbreak. The epidemic, which began in China and has killed almost 3,000 people worldwide, is disrupting flight demand and many airlines have suspended or adjusted services in response. “After a thorough assessment of all currently available information on the coronavirus, Lufthansa Group has decided to continue to extend the suspension of flights between Germany, Switzerland, Austria and mainland China by Lufthansa, SWISS …read more […]

Mar.02 — The worst stock rout since the global financial crisis showed signs of at least a pause on Monday, prompted by optimism that central banks will once again save the day. Bloomberg’s Mark Cudmore explains on “Bloomberg Markets: European Open.” …read more […]