Asia shares feel a chill as China virus risks mount
Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
Uber sells Indian food delivery arm to Ant Financial-backed Zomato
Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.
Oil prices ease as supply risk concerns fade
Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.
Asia shares lurch lower, China flu risks mount
Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.
Asia shares lurch lower, flu concerns a possible culprit
Asian shares took a sudden lurch lower on Tuesday as a ripple of risk aversion swept markets, though analysts could find no obvious trigger for the move.
Air Niugini delays delivery of four 737 MAX jets until at least 2024
Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co to delay the delivery of its four 737 MAX jets on order until at least 2024, the airline’s chief executive said on Tuesday.
Asia shares hold steady, BOJ and Trump awaited
Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.
Huawei CFO’s lawyer attacks U.S. extradition case in Canadian trial
A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that “double criminality” was at the center of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing…
Mexican union suspends strike threat against Home Depot
A top Mexican trade union said on Monday it has suspended its threat to launch a strike at Home Depot stores across Mexico over labor demands, adding it is in talks with the U.S. home improvement chain to improve pay and benefits for workers.
Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source
Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday.
