Asian shares grind higher, virus risks block the way
Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
Apple pulls out of South by Southwest festival amid coronavirus outbreak
Apple Inc is pulling out of this month’s South by Southwest music and tech festival amid the coronavirus outbreak, a company spokesman said on Wednesday.
Oil rises more than 1% on smaller-than-expected rise in crude stocks
Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.
Wells Fargo to raise minimum pay in most of its U.S. markets
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.
U.S. senator’s trade advice to EU: Keep calm and put agriculture on the table
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
United Airlines, JetBlue cut flights, spending as coronavirus hits demand
United Airlines Holdings Inc and JetBlue Airways Corp are cutting flights and implementing cost controls in the most drastic actions by U.S. airlines to get ahead of depressed travel demand due to the spreading coronavirus.
U.S. lawmakers seek to step up pressure on UK to reverse Huawei 5G decision
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China’s Huawei Technologies Co to build portions of the UK’s next generation 5G networks.
Asia shares follow Wall Street higher, but virus risk lurks
Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
Wall Street surges on Biden bounce
Wall Street roared back to life on Wednesday, with both the Dow and the S&P 500 surging more than 4%, after former Vice President Joe Biden’s strong showing in the Super Tuesday Democratic primary contests injected a dose of confidence.
IMF chief says coronavirus erases hopes for stronger growth in 2020
The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georg…
