K-pop sensation BTS’ label picks JPMorgan, others for IPO: media
Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan , NH Investment and Securities and others to handle its initial public offering (IPO), according to media reports.
Oil bounces as investors hunt bargains; virus fears cap gains
Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains.
Asian shares try to stabilize as S&P futures bounce
Asian share markets were trying to stabilize on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears.
Japan shares dive, bond markets bet virus will force rate cuts
Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.
Shake Shack sees delivery disruption thru 2020 with Grubhub partnership
Shake Shack Inc expects its delivery sales to be volatile throughout 2020 after its move last year to an exclusive partnership with third-party platform Grubhub Inc , it said on Monday.
British fintech Revolut hits $5.5 billion valuation after funding round
Digital banking app Revolut has raised $500 million in a fresh funding round, confirming the British-based business as one of the world’s most valuable financial technology firms with a valuation of $5.5 billion.
United Airlines suspends 2020 guidance on coronavirus uncertainty
United Airlines Inc on Monday withdrew its full-year 2020 guidance, citing heightened uncertainty over how the duration and spread of the coronavirus to other regions could impact overall air travel demand.
Mastercard says coronavirus to hit first-quarter revenue
Mastercard Inc said on Monday its net revenue in the first quarter will take a hit of between 2% and 3% over its previous forecast if the coronavirus outbreak persists through the quarter.
U.S. safety board to issue new recommendations in probe of fatal Tesla Autopilot crash
The National Transportation Safety Board will hold a public hearing on Tuesday to establish the probable cause of a fatal March 2018 Tesla Autopilot crash in California and will issue a series of safety recommendations, two people briefed on the matter…
Europe’s top firms must double low-carbon investment: study
Europe’s top companies need to more than double their current level of spending on low-carbon projects to meet the European Commission’s flagship goal of ‘climate neutrality’ by 2050, according to a report released on Tuesday.
