Oil falls as virus death toll climbs, U.S. inventories rise
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.
Virus anxiety weighs on Asian stocks, boosts safe-haven bid
Asian stocks slipped while gold and bonds were in demand on Thursday as worries about the spread of a new virus from China sent investors heading for safety.
Samsung Electronics sees gradual chip rebound in 2020 after fourth-quarter profit plunge
Samsung Electronics Co Ltd said on Thursday it expects earnings to bounce back in 2020 after a fourth-quarter slump, helped by a gradual recovery in memory chip demand from data center customers and 5G smartphone makers.
Fed has a role in combating climate change risk, Powell says
While the overall U.S. response to climate change is up to elected officials, Federal Reserve Chair Jerome Powell said on Wednesday, the Fed can play a part in keeping global warming from destabilizing U.S. banks and financial markets.
Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery
Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.
Microsoft cloud revenue regains momentum, sending profit above Street estimates
Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
CalTech wins $1.1 billion jury verdict in patent case against Apple, Broadcom
The California Institute of Technology said on Wednesday that it won a $1.1 billion jury verdict in a patent case against Apple and Broadcom .
British car production falls at quickest pace since recession
British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.
Trading liquidity tops FX market’s concerns in 2020: survey
The ability to buy and sell foreign exchange whenever needed with minimal market impact is seen by currency traders as the biggest challenge for 2020, according to an annual client survey by JP Morgan published on Thursday.
Japan Display shares suspended after fresh report of Ichigo stake
The Tokyo Stock Exchange on Thursday suspended trading in shares of Japan Display Inc after the Nikkei business daily reported that Ichigo Asset Management would inject about 100 billion yen ($900 million) into the company.
