Oil falls amid spread of Wuhan virus, rising crude inventories
Oil prices fell on Thursday, resuming their declines after a brief pause earlier this week, as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.
U.S. refiners, chemical makers pare insurance coverage as accidents boost costs
U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said.
Bayer considering stopping sales of glyphosate to private users: newspaper
Bayer is considering stopping sales of the weedkiller glyphosate to private users who apply it in their gardens, German newspaper Handelsblatt reported on Thursday, citing financial and corporate sources.
Tokyo prosecutors issue arrest warrants for Ghosn, ex-U.S. soldier: Kyodo
Tokyo prosecutors on Thursday issued arrest warrants for a former U.S. special forces soldier and another person suspected of smuggling former Nissan Motor Co boss Carlos Ghosn out of Japan, Kyodo news reported.
Nike faces SEC probe over illicit payment claim: Bloomberg
A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the U.S. Securities and Exchange Commission (SEC) over claims that it made illicit payments to elite youth basketball players, Bloomberg reported on Wednesday.
After dismal 2019, Samsung pins modest recovery hopes on chip market pick-up
Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centers and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years.
U.S. economy growing moderately in fourth quarter; likely missed Trump’s 3% goal in 2019
The U.S. economy likely maintained a moderate pace of growth in the fourth quarter, and probably again fell short of attaining the Trump administration’s coveted but elusive 3% annual growth target because of slumping business investment amid damaging …
Virus fears push Asian stocks to seven-week low, boost safe-haven assets
Asian stocks and currencies fell on Thursday as the death toll from a new virus spreading in China rose and more cases were reported around the world.
Oil falls as virus death toll climbs, U.S. stocks grow
Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country’s major cities, while rising U.S. crude inventories added to the negative tone.
Facebook warns revenue growth slowing, costs remain high
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
