Toyota lifts annual profit forecast on currency moves, three-quarter profit eases
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen, while it also expects to sell more vehicles than an earlier estimate.
Asian shares gain after solid U.S. data, China edges up
Asian stocks edged up on Thursday, cheered by record closes in Wall Street benchmarks after encouraging economic data, although investors kept a wary eye on the developments in the coronavirus outbreak.
Oil rises, extending gains amid optimism over China coronavirus
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China as a sign fuel demand may rebound in the world’s biggest oil importer.
Yum China warns of first-quarter losses, 2020 sales hit after virus outbreak
KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.
Korean Air says will sell a property in Seoul, non-core unit
Korean Air Lines said on Thursday it will sell a property in downtown Seoul and one of its non-core business units in line with its goal of improving financial stability.
Drugmakers see long road ahead in coronavirus vaccine race
Drugmakers racing to find a vaccine or effective treatment for the deadly new coronavirus in China cautioned that they have a long way to go.
Oil gains a second day as coronavirus optimism may mean demand rebound
Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak in China as a sign fuel demand could rebound in the world’s biggest oil importer.
Asian shares gain after solid U.S. data, focus on virus
Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary eye on the impact of the coronavirus outbreak.
U.S. warns energy cos like Rosneft, Chevron over ties to Venezuela’s Maduro
The Trump administration is ramping up pressure against Venezuelan President Nicolas Maduro’s government, and energy companies with ties to it, from Russia’s Rosneft to U.S.-based Chevron Corp , should “tread cautiously,” a senior administration offic…
Brazil’s BNDES raises $5.2 billion selling Petrobras stake: sources
Brazil’s development bank BNDES sold on Wednesday $5.2 billion in common shares it owned in state-controlled oil company Petroleo Brasileiro SA , two people with knowledge of the matter said.
