Mitsui CFO: China virus outbreak may slow manufacturing activities of autos and others
Japanese trading house Mitsui & Co Ltd sees China’s outbreak of a new coronavirus may slow manufacturing activities in automobile and other sectors, and possibly reduce steel product demand, the company’s executive said on Tuesday.
FDA to hold public meeting on testing for asbestos in talc
For the first time in nearly 50 years, the U.S. Food and Drug Administration will examine asbestos testing for talc powders and cosmetics at a hearing on Tuesday.
Stocks firmer as China’s markets recoup some virus losses
Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although investor sentiment remained fragile with oil near 13-month lows.
Bezos asks U.S. judge to dismiss lawsuit by girlfriend’s brother: Bloomberg
Amazon.com Inc Chief Executive Officer Jeff Bezos is urging a U.S. judge to dismiss a defamation lawsuit filed against him by the brother of his girlfriend Lauren Sanchez, Bloomberg reported https://www.bloomberg.com/news/articles/2020-02-04/bezos-urges-judge-to-dismiss-suit-by-girlfriend-s-brother?utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business on Monday.
Oil price volatility to remain elevated on virus worries: Goldman Sachs
The global oil market expects the coronavirus outbreak to create a large demand shock and keep volatility in spot prices elevated, Goldman Sachs said.
Korean Air CEO’s mother, younger sister back him amid family feud
Korean Air CEO Cho Won-tae’s mother and younger sister said on Tuesday they support the flag carrier’s current leadership headed by Cho.
AirAsia’s Fernandes denies Airbus bribe involving his former F1 team
AirAsia Group Bhd’s Tony Fernandes on Tuesday denied a now-defunct Formula 1 racing team formerly co-owned by him had any links to a bribery scandal involving the Malaysian airline’s only plane supplier, Airbus SE .
Oil prices rebound from China virus slump amid ginger recovery across markets
Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday’s sharp sell-off on fears of the impact of the China coronavirus on demand for fuel sent crude to its lowest level in more than a year.
Asia stocks find footing as China markets recoup some losses
Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although sentiment remained fragile with oil near 13-month lows.
U.S. finalizes rule to slap duties on countries that undervalue currencies
The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
