Oil falls for fifth day on demand concerns as coronavirus spreads
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
StanChart annual profit rises 46%, misses estimates
Standard Chartered on Thursday posted a 45.5% rise in annual profit, weathering the economic fallout from global trade tensions and political protests in Hong Kong with revenue growth in its main markets.
JPMorgan names veteran Gori as new Asia Pacific chief executive
JPMorgan Chase & Co on Thursday named veteran Filippo Gori as its new Asia Pacific chief executive officer to oversee strategy and operations of the Wall Street bank across 17 markets in the region.
Asian stocks slide deeper as pandemic fears grow
Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.
China’s CATL aims to raise $2.85 billion for EV battery projects
CATL , China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital.
Delta cutting flights to South Korea; JetBlue waives U.S. change fees
Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea in half, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand.
Oil falls for fifth day as coronavirus spreads outside of China
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand.
Hyundai to decide hydrogen fuel-cell factory location this year – exec
Hyundai Motor Co and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said on Wednesday.
Asian stocks extend losses as pandemic fears grow
Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds.
Alphabet still facing questions over data use in its Toronto smart city project proposal
Alphabet’s proposed “smart” city development in Toronto is facing fresh questions over the project’s data-gathering technology from a panel advising the Canadian government-mandated body in charge of getting it built.
