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SINGAPORE- Oil prices sunk down on Tuesday as novel coronavirus concerns weighed on the economy directly dragging oil demand in China, the world’s second-largest crude importer. In line with this, financial markets continue to record ...
HSBC Holdings PLC posted its annual profit on Tuesday, showing a 33% decline and falling below analyst forecasts. The decline was caused by a $7.3 billion goodwill impairment linked to its commercial banking and investment banking businesses ...
TOKYO- The euro declined and on track towards three-year low against the dollar. Such inactivity was recorded ahead of the highly anticipated German poll to be released on Tuesday. The said survey is expected to reveal large setback in investor ...
Wall Street broke from record highs and Asian shares declined after Apple Inc said it will not reach its revenue guidance for the March quarter due to a slower production and weaker demand amid the virus outbreak. The news roused investors ...
Asian markets fell on Tuesday following the news of Hong Kong and Japan’s Apple stocks were declining sharply after the tech giant issued a revenue warning. The Hang Seng Index and South Korea’s KOSPI dropped by 1.3% by 10:45 PM ...
Alibaba Group Holdings announced on Monday that its affiliate Ant Financial’s MYBank unit is out to lend 20 billion yuan ($2.86 billion) in loans to firms in China amid the coronavirus spread, with special offerings for companies in ...
South Korea president pledges steps for virus-hit economy, rate cut expectations boosts South Korea’s President Moon Jae-in said on Tuesday that the government would be making a full-scale push to soften the economic blow from the fast-spreading ...
SYDNEY- Asian shares recuperated from previous underperformance and managed to go back on track for three-week high as investor sentiment increased on Chinese efforts to minimize the impact of coronavirus contagion. However, Japanese stocks ...
SINGAPORE- Oil prices underperformed as investors await for Asian economic records that will state the implications of the 2019 novel coronavirus contagion on oil demand in China, world’s second-largest oil importer. The said data ...
British shoppers will have to face a tougher market situation by getting relatively higher prices and reduced supply of goods if the Boris Johnson-led British government won’t be able to iron things out with the European Union on regulatory ...
The euro slipped on Monday as Europe’s economic growth weakened amid concerns raised by financial markets and policymakers on the coronavirus outbreak in China. The euro closed at $1.0817 on Friday, hitting a 33-month low. It went up ...
Japan’s economy fell to its fastest pace in six years, caused by a sales tax hike that hit business and consumer spending, worsening an outlook already affected by the virus outbreak. Analysts say that the epidemic could weaken growth ...
Oil prices eased after seeing its biggest weekly gain since September as hopes for an OPEC+ emergency conference on the coronavirus faded. Despite Saudi Arabia pushing for a meeting scheduled this month, OPEC+ are expected to hold the conference ...
Indonesia posts larger than expected trade deficit as declining export prices affects trade Indonesia’s trade gap widened sharply in January as falling metal prices weighed on exports. The data was posted on Monday from the country’s ...
The British government, particularly its financial sector, is hounded by a chain of threats after exiting the European bloc at the end of January. The finance minister’s subtle resignation is the latest addition to the British market’s ...
Asian shares gained on Friday on course for its second straight week, as governments make provisions to dampen the effect of the coronavirus outbreak. MSCI’s index of Asia-Pacific shares outside Japan inched up 0.3%, lifted by gains ...
Honda to resume auto production in China plants on February 21 Honda Motor Co. said on Friday that it is planning to resume operations in its auto-manufacturing plant in Wuhan, China on February 21. The planned operations schedule was delayed ...
South Korea pledges emergency measures as virus outbreak in China affects economy Two of South Korea’s chiefs of economic policy pledged on Friday that they would deploy emergency measures to minimize the impact of the novel coronavirus ...
TOKYO-The Japanese yen rose against the dollar on Friday as resurfacing concerns about the impact of the novel coronavirus aided safe-haven currencies’ performance. The yen held tight at 109.81 per dollar in Asian trading board on Friday, ...
Japan’s policymakers prepare for a decline in GDP growth and the virus’ impact on consumption and production, warning of poor economic outlook. Executive Director Eiji Maeda of the Bank of Japan warned that weak export demands ...
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