Wall Street tumbles as virus outbreak raises growth fears
Wall Street’s main averages tumbled more than 1% on Friday as mixed corporate earnings added to worries over the impact of the coronavirus outbreak on global growth.
Delta, American suspend all China flights as U.S. government takes action
Delta Air Lines Inc and American Airlines Group Inc decided on Friday to temporarily suspend all remaining U.S.-China flights after the U.S. State Department elevated a travel advisory over concerns about the coronavirus.
UBS Europe probed in Italy in asset manager fraud investigatio: sources
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into smaller asset manager Sofia SGR, two sources with direct knowledge of the matter said.
Oil eases as virus outbreak shakes economic growth predictions
Oil prices were little changed on Friday but were on track for a fourth straight weekly loss, on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters – U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Guatemala restricts entry from China to keep out coronavirus
Guatemala’s government is imposing blanket travel restrictions on people who have recently been in China to keep out the new coronavirus, President Alejandro Giammattei said on Friday.
Shares slump on China virus economic concerns, gold gains
Global equity markets were poised for their first monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped investors’ risk appetite and lifted the safe-haven yen and Swiss franc.
Takeaway declares $7.8 billion Just Eat takeover unconditional
Takeaway.com, the online food ordering company, on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional.
Britain reports two cases of coronavirus, evacuation flight from China lands
Two patients from the same family in England have tested positive for coronavirus, the first such cases in Britain, health chiefs said on Friday as an evacuation flight brought Britons home from the center of the outbreak in China.
Exxon, Chevron results augur tough year ahead, shares drop 3%
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year.
