Take Five: What’s the virus damage?
Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.html.
Wall Street falls on virus concerns, Amazon limits losses
The S&P 500 and the Dow Jones Industrial Average slid on Friday, hit by worries over the impact of the coronavirus epidemic on global growth, while strong earnings from Amazon.com checked losses on the Nasdaq.
Morgan Stanley overhauls leadership at FX options unit: Bloomberg
Morgan Stanley has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the matter.
Delta says it will suspend all U.S.-China flights
Delta Air Lines Inc said Friday it will temporarily suspend all remaining U.S.-China flights after the U.S. State Department elevated a travel advisory over concerns about the coronavirus.
Airbus to pay $4 billion to settle corruption probe
European planemaker Airbus will pay 3.6 billion euros ($4 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, lifting a legal cloud that has hung over the world’s largest aircraft maker for years.
Chevron swings to large loss on $10 billion in charges, shares sink
Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to cull unprofitable assets, and shares of the No. 2 U.S. oil producer tumbled 3% in early trading.
Amazon roars back into $1 trillion club, powered by one-day delivery boost
There is no stopping Amazon.com’s revenue growth , Wall Street analysts said on Friday.
Vietnam Airlines to suspend flights to Chinese destinations
Vietnam Airlines will suspend its flights to destinations in China from next week over coronavirus concerns, the company said on Friday.
Exclusive: Japan’s Nidec bets on electric cars and acquisitions to treble sales: sources
Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.
Oil falls as virus outbreak shakes growth predictions
Oil prices fell on Friday, 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.
