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Updated: 4 years 26 weeks ago

Stocks bounce on stimulus hopes, Treasuries slide towards 1%

Mon, 03/02/2020 - 04:48
World stocks markets regained a measure of calm on Monday as hopes for a raft of global interest rate cuts to soften the economic blow of the coronavirus steadied nerves and drove U.S. Treasury yields close to 1%.
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China Inc thinks outside the box as coronavirus keeps consumers at home

Mon, 03/02/2020 - 04:30
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.
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Nokia has no plans to assess strategic options: outgoing chairman

Mon, 03/02/2020 - 04:29
Finnish telecom equipment maker Nokia has no plans to assess strategic options for the company, its outgoing chairman Risto Siiliasma told a news conference on Monday.
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Lufthansa extends China, Tehran flight suspensions due to coronavirus

Mon, 03/02/2020 - 04:20
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.
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Lufthansa calls off flights to China until April 24 and Tehran until April 30

Mon, 03/02/2020 - 03:55
Lufthansa said on Monday that it was suspending flights to China until April 24 and to Tehran until April 30 due to the coronavirus outbreak.
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HNA Group-controlled companies' shares rise after government help sought

Mon, 03/02/2020 - 03:44
Shares in HNA Group-controlled companies rose on Monday after the Chinese aviation and tourism conglomerate said it had asked the government to help it resolve liquidity risk caused by the coronavirus outbreak which has put heavy pressure on the airline industry.
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Oil rebounds over 4% as hopes of OPEC cut, stimulus counter virus gloom

Mon, 03/02/2020 - 03:30
Oil prices jumped more than 4%, up from multi-year lows hit earlier on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
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Coronavirus expected to hurt U.S. earnings harder and longer

Mon, 03/02/2020 - 02:45
The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict.
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Hyundai reports lowest monthly sales in decade as virus dents demand

Mon, 03/02/2020 - 02:43
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the broader auto sector from the epidemic.
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CERAWeek energy conference in Houston scrapped over coronavirus worries

Mon, 03/02/2020 - 02:32
Coronavirus concerns prompted organizers on Sunday to cancel one of the world's most prestigious gatherings of oil ministers and top executives from the energy and financial industries scheduled for this month in Houston.
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Hyundai Motor's February sales down 13% amid coronavirus outbreak

Mon, 03/02/2020 - 02:21
South Korea's Hyundai Motor said on Monday its sales fell 13% on-year to 275,044 vehicles globally in February amid a coronavirus outbreak that disrupted supply of parts from China.
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Asian shares rebound as markets bet on coordinated policy stimulus

Mon, 03/02/2020 - 02:16
Asian shares regained a measure of calm on Monday as markets bounced after a searing sell-off last week and as investors pinned hopes on a likely coordinated global monetary response to help soften the economic blow of the coronavirus outbreak.
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Swiss National Bank to double payout after posting $50 billion profit

Mon, 03/02/2020 - 02:06
The Swiss National Bank posted an annual profit of 48.9 billion Swiss francs ($50.71 billion), the central bank said on Monday, and said it would double its payout to Switzerland's regional and central governments.
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Nokia appoints Fortum CEO Lundmark to replace Suri from September 1

Mon, 03/02/2020 - 02:04
Nokia Chief Executive Rajeev Suri will step down in September and is to be replaced by Pekka Lundmark, until now the CEO of energy group Fortum, the telecoms equipment maker said on Monday.
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Samsung starts building $220 million R&D center in Vietnam

Mon, 03/02/2020 - 01:24
Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant's local unit said on Monday.
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Coronavirus deals shattering blow to Asian factories

Mon, 03/02/2020 - 01:04
Asia's factories took a beating in February from the coronavirus outbreak with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a co-ordinated policy response by central banks to prevent a global recession.
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Amazon confirms two employees in Italy have contracted coronavirus

Mon, 03/02/2020 - 00:58
Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine.
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South Korea's Jeju Air buys Eastar Jet at lower price amid virus outbreak

Mon, 03/02/2020 - 00:18
South Korean budget carrier Jeju Air Co Ltd said on Monday it would acquire a 51% stake in competitor Eastar Jet for 54.5 billion won ($45.49 million), a lower price than previously announced.
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Oil comes off lows as hopes of OPEC cut, stimulus counter virus gloom

Mon, 03/02/2020 - 00:12
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
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Samsung starts building $220 million R&D centre in Vietnam

Sun, 03/01/2020 - 23:20
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.
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