Jump in coronavirus cases halts stock rally; dollar gains
The dollar rose and global equity markets slumped on Thursday after a new methodology that boosted the coronavirus death toll in China unnerved investors, curbing a rally that had lifted U.S. and European stocks to a series of record peaks.
Fire damage at Exxon’s second largest U.S. refinery leaves restart uncertain: sources
Exxon Mobil Corp does not have a timeline for restarting fuel-producing units at its second-largest U.S. refinery following a fire Wednesday that cut production, sources said, as the shutdown boosted gasoline prices on Thursday.
JPMorgan gives fintechs July deadline to sign new data deals: sources
JPMorgan Chase & Co has told financial technology companies that they will be barred from accessing its customer information by July 30 if they do not sign data access agreements with the bank and agree to a plan to stop using customer passwords to gather the data.
Activists in dinghy urge Credit Suisse off climate ‘collision course’
Climate activists clad in Titanic-era costumes gathered in a rubber dinghy outside Credit Suisse’s headquarters on Thursday, to urge incoming chief executive Thomas Gottstein to steer the bank off a climate “collision course”.
Oil prices climb on hopes of deeper OPEC+ production cuts
Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world’s biggest producers, whilst largely shrugging off reports which cut demand forecasts after the coronavirus outbreak in China, the biggest o…
Rents lift U.S. core inflation; weekly jobless claims rise slightly
U.S. underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly last week, suggesting the economy was stable enough for the Federal Reserve to keep interest rates on hold this ye…
Alibaba warns of drop in e-commerce revenues due to coronavirus
Alibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries.
Rents lift U.S. core inflation; weekly jobless claims rise modestly
U.S. underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly last week, suggesting the economy was stable enough for the Federal Reserve to keep interest rates on hold this ye…
Prosecutors challenge antitrust approval of Boeing-Embraer tie-up
Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA’s commercial aviation division to Boeing Co, according to public filings.
Wall Street eases from record highs on coronavirus concerns, Cisco results
Wall Street’s main indexes eased from record highs on Thursday, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment.
