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Updated: 14 hours 16 min ago

Airlines scour the world for scarce 737 MAX simulators

Wed, 01/22/2020 - 11:54
Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model.

Many of China's provinces cut 2020 GDP growth targets despite easing trade tension

Wed, 01/22/2020 - 11:53
About two-thirds of China's provinces, regions and municipalities have cut their 2020 growth targets from last year, despite easing trade tensions with the United States.

Hyundai fourth-quarter profit beats view on brisk SUV sales, shares jump 5%

Wed, 01/22/2020 - 11:53
South Korea's Hyundai Motor Co reported a better than expected quarterly operating profit, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.

Barry Callebaut outperforms flat chocolate market

Wed, 01/22/2020 - 11:53
Barry Callebaut said it had outperformed the global chocolate industry after its sales volumes rose 8.2% in the three months to Nov. 30 helped by favourable comparables and the recently acquired Russian company Inforum.

Taiwan calls on China to share 'correct' virus information

Wed, 01/22/2020 - 11:50
Taiwan President Tsai Ing-wen called on China on Wednesday to share "correct" information about a new coronavirus and for the World Health Organisation (WHO) not to exclude Taiwan from collaboration on the outbreak for political reasons.

China virus could hit oil prices by $3 per barrel - Goldman

Wed, 01/22/2020 - 11:47
Goldman Sachs said a potential drop in oil demand from top energy consumer China due to the outbreak of a new coronavirus could hurt crude prices by about $3 per barrel, countering concerns about Middle East supply disruptions.

Asian stocks bounce as investors welcome China virus response

Wed, 01/22/2020 - 11:46
Asian stock markets recovered ground on Wednesday as China's response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism.

Asian stocks bounce as investors welcome China virus response

Wed, 01/22/2020 - 11:43
Asian stock markets recovered ground on Wednesday as China's response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism.

Gold slips as dollar gains, fears ease about China virus

Wed, 01/22/2020 - 10:53
Gold prices slipped on Wednesday as the dollar firmed and investors played down any immediate impact on the global economy from the outbreak of a new coronavirus in China.

Sensex, Nifty rebound with focus on blue-chip earnings; IT, bank stocks rise

Wed, 01/22/2020 - 10:13
Indian shares rose modestly on Wednesday after two days of declines, as markets awaited a string of blue-chip earnings reports, with banking and IT services stocks leading gains.

GM's Cruise unit unveils driverless prototype vehicle for ride-sharing service

Wed, 01/22/2020 - 10:10
General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.

Gulf economies to pick up this year following spending spree: Reuters poll

Wed, 01/22/2020 - 10:06
Economic growth in the Gulf will pick up this year and next, helped by Saudi Arabia's investment programme and Expo 2020 in Dubai, although the region will continue to feel the impact of oil output cuts, a Reuters poll showed on Wednesday.

Xerox to nominate as many as 11 directors to HP's board in takeover push - WSJ

Wed, 01/22/2020 - 10:02
Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its $33.5 billion takeover offer for the personal computer maker.

Oil declines as market surplus forecast counters Libya worries

Wed, 01/22/2020 - 10:00
Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya's crude output.

Netflix forecasts tough start to 2020; Disney+ going global

Wed, 01/22/2020 - 09:58
Netflix Inc has entered a new year that will be far tougher than the one it left behind.

Cathay says cabin crew can wear masks on mainland China flights due to virus

Wed, 01/22/2020 - 09:55
Hong Kong's Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15.

Exclusive: Apple dropped plan for encrypting backups after FBI complained - sources

Wed, 01/22/2020 - 09:45
Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company's iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.

GM's Cruise unit unveils driverless prototype vehicle for ride-sharing service

Wed, 01/22/2020 - 09:29
General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.

Netflix forecasts tough start to 2020; Disney+ going global

Wed, 01/22/2020 - 08:42
Netflix Inc has entered a new year that will be far tougher than the one it left behind.

How social media services handle political ads

Wed, 01/22/2020 - 08:04
Online platforms including Facebook and Alphabet Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election.

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