Mar.01 — Alan Zeman, chairman at Lan Kwai Fong Group, discusses his long-term outlook for Hong Kong and the impact of coronavirus on the city and Macau. He speaks on “Bloomberg Markets: Asia.” …read more […]
Pete Buttigieg, former mayor of South Bend, Ind., and the first openly gay contender to win delegates in a presidential contest, talks about his decision to end his bid for the Democratic nomination. Photo: Michael Caterina/AP …read more […]
Samsung Electronics has started building a $220 million research and development centre in Vietnam, the South Korean tech giant’s local unit said on Monday.
Mar.01 — After weeks of political turmoil in Malaysia, there is a new prime minister to succeed Mahathir Mohammad, who abruptly resigned last week. Muhyiddin Yassin was sworn in after the king decided he was the politician most likely to lead a majority in parliament. Bloomberg’s Dan Ten Kate reports on “Bloomberg Markets: Asia.” …read more […]
South Korea’s Samsung Electronics has started building a $220 million research and development center in Vietnam, the Vietnamese government said on Monday.
Asia’s factories took a heavy hit in February from the coronavirus outbreak with activity in China shrinking at a record pace, business surveys showed on Monday, adding to fears the crisis risks triggering a global recession.
Asian shares steadied from early losses on Monday as investors placed their hopes on a coordinated global monetary policy response to weather the damaging economic impact of the coronavirus epidemic.
(Bloomberg) — U.S. stocks may have fallen 13% in the past seven sessions, but never fear, there’s a bastion of support. It’s just another 11% further below.The S&P 500 Index closed at 2,954 on Friday, after having fallen as low as 2,856 early in the session. The ferocity of the multi-day decline saw the gauge blow post its standard daily moving averages. So technical gurus have had to reach even further back to find the levels likely to be key from here — and there’s one in particular that they’re watching.If Friday’s S&P 500 futures low of 2,853 fails, “there …read more […]
The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus. The sheer scale of losses has prompted financial markets to price in policy responses from the U.S. Federal Reserve to the Bank of Japan and the Reserve Bank of Australia. Futures now imply a full 50 basis point cut by the Fed in March while Australian markets are pricing in a quarter-point cut at the RBA’s Tuesday meeting. …read more […]
Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine.
Mar.01 — Much of the market uncertainty stemming from the coronavirus outbreak. The global death toll now moving past 3,000 with infections reaching more than 65 countries. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Expectations the OPEC+ alliance will deepen output cuts put a floor under last week’s 16% plunge in oil prices, with futures in New York rallying even as the coronavirus continued to spread rapidly.Russia is ready to cooperate to support the world oil market, even though it’s comfortable with current prices, President Vladimir Putin said Sunday. That acted as a brake on plunging crude prices after a Chinese manufacturing gauge released over the weekend came in at a record low, undershooting already low expectations and highlighting the virus’s mounting economic impact.Oil consumption may not grow at all this year …read more […]
Mar.01 — Mayor Pete Buttigieg is ending his presidential campaign, according to people close to his campaign. Bloomberg’s Ros Krasny reports on “Bloomberg Markets: Asia.” …read more […]
Mar.01 — South Korea has responded to the expanded U.S. travel curbs due to the coronavirus outbreak, urging Washington to refrain from excessive measures, as the nation’s death toll climbs to 18 and cases top 3,700. Bloomberg’s Jihye Lee reports on “Bloomberg Markets: Asia.” …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
