Mitsubishi sees virus outbreak to affect global economy, resource prices: CFO
Japanese trading house Mitsubishi Corp is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday.
Cold Turkey: investor exodus tests Erdogan’s economic experiment
A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors.
Australia court fines AMP $3.5 million over incorrect insurance advice
Australia’s Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday.
Asia stocks rise, oil rebounds but China virus toll mounts
Asian stocks steadied on Wednesday as Chinese shares moved higher on hopes of additional stimulus to cushion the economic blow from a coronavirus outbreak, but risks remain as the illness continued to spread and the death toll neared 500.
Intel bets on smart buildings in Israel to attract tech talent
Intel Corp is investing heavily in “smart buildings” in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete for the country’s top professionals.
Australia’s wine exports could take a hit from coronavirus: industry body
Australia’s wine export growth slowed last year and could take another hit in 2020 from the coronavirus outbreak if China, its biggest market, orders fewer crates, a report by an industry body said on Wednesday.
U.S. to review new curbs on Huawei, China in Feb. meeting: sources
The Trump administration plans to meet this month to discuss further curbing technology exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
Great American Comeback? Trump’s economy has both boom and gloom
The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump highlighted in his State of the Union speech to Congress on Tuesday.
U.S. to review new curbs on Huawei, China in February meeting: sources
The Trump administration plans to meet this month to discuss further curbing exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown.
Oil gains more than 1% on hopes for output cuts to counter China virus impact
Oil prices climbed more than 1% on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus.
