Cathay to let crew wear masks on all flights due to new coronavirus
Hong Kong’s Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through Mar…
Tech sector pushes the S&P 500 to slight gain
Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak.
Stocks edge up, oil drops as China virus worries abate
World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.
U.S., Canadian oil company bankruptcies surge 50% in 2019: report
The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes and Boone said in a repor…
Australia’s Westpac hires veteran banker McFarlane as chairman to tide over crisis
Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Barclays boss to help steer it through the fallout of a massive money-laundering scandal.
Kinder Morgan profit jumps 26% on Gulf Coast Express pipeline strength
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline.
Dollar steady as coronavirus contagion fears abate
The U.S. dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy.
Canadian prosecutors seek to fine Volkswagen C$196.5 million for diesel emissions
Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed on Wednesday.
After China trade deal, Europe and U.K. next on Trump’s to-do list
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships.
Angola’s dos Santos named suspect over alleged fraud, selling Eurobic stake
Angola’s billionaire former first daughter, Isabel dos Santos, has decided to sell her stake in Portuguese bank Eurobic, the small lender said on Wednesday.
