Company news

Oil prices flat as coronavirus threat drags

Oil prices were stable on Friday but are expected to sink lower with an estimated 5% loss for the week. Such was brought by emerging concern that fuel demand may weaken as the coronavirus that originated from Wuhan City of China that has resulted ...
24.01.2020

More central banks plan on issuing virtual currencies

With growing inclination in technology, several central banks are planning to release their own virtual currencies, according to findings of Bank for International Settlement. Research showed an additional 10% increase as 20% of the 66 central ...
24.01.2020

Japan economic outlook gloomy, central bank policymakers say

Global economic uncertainties and a sales tax hike in 2019 may have hit hard on capital spending and inflation expectations, warned Bank of Japan policymakers as reflected on the central bank’s minutes of the meeting in December. One ...
24.01.2020

Global equity markets roil as fear of Coronavirus spreads

The largest fall in Chinese stocks in eight months caused global equity markets to roil as global concerns heighten on the coronavirus outbreak in China. Millions of Chinese prepare for the Lunar New Year to begin on Saturday, the peak travel ...
24.01.2020

Asian stocks hold steady despite investor fears over China virus

Asian stocks hold steady despite investor fears over China virus Asian shares held steady on Friday as trade slugged toward the Lunar New Year despite growing concerns over the new virus in China. Investors had feared that the coronavirus could ...
24.01.2020

Intel shows signs of turnaround for 2020

Intel shows signs of turnaround for 2020 Intel Corp on Thursday signaled the market view that the chip industry would be reaching a turnaround after a prolonged slowdown. Driven by cloud computing demand, the 2020 forecast is expected to see ...
24.01.2020

Contraction in Japan’s factory activity bogs down in slowest pace in five months

Contraction in Japan’s factory activity bogs down in slowest pace in five months Japan’s factory activity shrank for a ninth-month straight in January at the slowest pace in five months. Economists speculate the slowing of pace ...
24.01.2020

Oil declines for three consecutive days on pressing concerns of coronavirus

Oil prices sunk to lowest level in seven weeks on Thursday dragged by anxiety that contagion of China’s new strain of virus may reduce fuel demand. In line, figures disclosed that United States’ oil inventories advanced last week. ...
23.01.2020

Ford estimates a $2.2 billion pre-tax hit in fourth quarter due to pension plans

Ford Motor Co said that its fourth quarter earnings will be affected by a pre-tax loss of up to $2.2 billion caused by a higher contribution to its employees’ pension plans. The higher contribution was due to a decrease in discount rates, ...
23.01.2020

Yen rises, yuan sinks over China virus anxiety; Aussie gains on strong data

The Japanese Yen advanced and Chinese Yuan plummeted on Thursday, as traders remained cautious on China’s Coronavirus. The Australian Dollar recuperated from previous inactivity over strong employment statistics. The Safe-haven Yen increased ...
23.01.2020

Asian stocks drop as China’s containment plan puts Wuhan city in lockdown

Asian stocks drop as China’s containment plan puts Wuhan city in lockdown Asian stocks had dropped on Thursday morning after China issued a travel suspension in the entire city of Wuhan to prevent the spread of the Coronavirus. Both the ...
23.01.2020

Australian employment rate outpaces forecasts, analysts throw in the towel on February rate cut

Australian employment rate outpaces forecasts, analysts throw in the towel on February rate cut Australian employment outpaced forecasts for a second month in December pushing the unemployment rate to a nine-month low – a much-needed ...
23.01.2020

Malaysia to purchase more sugar from India to resolve dispute

Malaysia’s leading sugar producer disclosed its plan of purchasing higher volume of sugar from India, with sources saying that the scheme is an attempt to resolve its ongoing feud with New Delhi over palm oil exports.   MSM Malaysia ...
23.01.2020

US and Canadian oil company bankruptcies rise 50% in 2019

Oil and gas company bankruptcies in the U.S. and Canada surged 50% compared to last year, according to a report by Haynes and Boone law firm. The figure is likely to go higher as a decline in energy prices continue to rock producers. U.S. and ...
23.01.2020

Oil prices fall as market surplus estimate eases Libya worries

Oil prices decline on Wednesday as the International Energy Agency (IEA) predict surplus in the first half, easing concerns on the decreased Libya crude output. Brent crude declined 0.4%, or 24 cents, at $64.35 a barrel at 0309 GMT. US oil ...
22.01.2020

Netflix 2020 outlook tougher than 2019 as Disney+ gains traction

Netflix started the year struggling as increased level of competition dominated the streaming market.  Such is expected to give the online streaming service a tougher year than 2019. Global growth aided the streaming video service from ...
22.01.2020

Yuan, Aussie dollar suffer from coronavirus concerns

TOKYO- The yuan sunk down and Australian dollar recorded a six consecutive weeks of decline on Wednesday as investors grew wary that the new strain of virus in China would lead to a slower economy. The coronavirus has already reached Beijing ...
22.01.2020

Tesla reaches $100 billion stock market valuation

Tesla Inc became the first publicly listed US carmaker to reach $100 billion worth in stock market valuation in extended hours trading on Tuesday. This came a month after the electric car maker’s stock reached $420, on which CEO Elon ...
22.01.2020

Japan recovers from initial virus-related losses, issues still remain

Japan recovers from initial virus-related losses, issues still remain Japanese shares made humble gains on Wednesday as investor panic about China’s coronavirus outbreak eased. While hygiene-related firms continued to be in demand, pressure ...
22.01.2020

China stocks slip as virus outbreak raises trader concerns

China stocks slip as virus outbreak raises trader concerns Asian stock markets rebounded on Wednesday as China’s response to a virus outbreak fanned fears of a global pandemic. Shanghai shares dipped amid worries that impact would dampen ...
22.01.2020
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