Marubeni cuts annual profit forecast, warns virus may hit global economy
Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war.
Intercontinental Exchange says it explored deal with eBay
Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”.
Asian shares up as China stocks edge higher but caution prevails
Asian stocks steadied on Wednesday as Chinese stocks nudged higher on hopes of additional stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500.
Credit Suisse revisits ex-U.S. employee’s spying claim
Lawyers for Credit Suisse last week re-interviewed a former bank executive who said the Swiss lender had her followed in New York, according to a person familiar with the matter, weeks after the company dismissed her allegation as baseless.
Oil prices climb as OPEC, allies weigh output cuts to cushion coronavirus impact
Oil prices rose on Wednesday, reversing out of a 1% slump in the previous session, boosted by producers weighing further output cuts to counter a potential squeeze on global oil demand resulting from China’s fast-spreading coronavirus.
Asian stocks perk up, safe-havens pullback on hopes for China stimulus
Asian stocks steadied on Wednesday on hopes of additional Chinese stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500.
Baby Yoda powers Disney streaming subscriptions to fast start
Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts.
Trump administration to meet on Huawei export curbs after Pentagon pushback: sources
The Trump administration is planning to meet later this month to discuss efforts to further limit exports to China and its flagship telecoms company Huawei, as it seeks to keep state-of-the-art U.S. technology out of the hands of adversaries, two sourc…
Ford shares dive after carmaker posts fourth-quarter loss, disappointing 2020 outlook
Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driv…
American, United suspending U.S. flights to and from Hong Kong through February 20
American Airlines Group and United Airlines on Tuesday both said they are suspending all flights to and from Hong Kong.
