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Updated: 12 hours 40 min ago

Chinese listed companies ramp up virus efforts after president's call

Thu, 01/23/2020 - 11:58
A number of Chinese listed companies - ranging from biotech firms, drugmakers, mask producers and thermometer manufacturers - announced efforts in response to a national call to fight the outbreak of the Wuhan coronavirus.

Global airlines on high alert as virus outbreak spreads

Thu, 01/23/2020 - 11:48
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.

Australia's Westpac hires former Barclays chairman to tide over crisis

Thu, 01/23/2020 - 11:46
Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.

Investors bullish on Asian currencies as trade worries fade: Poll

Thu, 01/23/2020 - 11:45
Investors took long positions in all Asian currencies for the first time since June 2017 as an initial trade truce between the United States and China revived appetite for riskier assets.

Exclusive: Malaysia to buy more Indian sugar to resolve palm oil spat - sources

Thu, 01/23/2020 - 11:14
Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.

Singapore December core inflation picks up to 0.7%

Thu, 01/23/2020 - 10:58
Singapore's core inflation rate picked up slightly in December, mainly due to higher services price growth, official data showed on Thursday.

Chinese firm known for inexplicable share rally plunges 93% after trading halt lifted

Thu, 01/23/2020 - 10:57
Chinese asset manager Ding Yi Feng, known for a 3,500% share price rally in less than two years, lost as much as $3.4 billion in market value on Thursday after regulators said they would begin legal proceedings for market manipulation and lifted a trading halt.

German smartphone bank N26 counts 5 million customers - CEO

Thu, 01/23/2020 - 10:56
German smartphone bank N26 now has 5 million customers, the founder of Berlin's leading fintech startup said, representing an increase from the 3.5 million users it reported last summer.

Sensex, Nifty rebound after sharp fall, banks gain

Thu, 01/23/2020 - 10:40
Indian shares rebounded on Thursday after a sharp pullback this week, driven by bargain-hunting and well-received earnings reports from Axis Bank and Larsen & Toubro (L&T).

Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract

Thu, 01/23/2020 - 10:14 Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.

Gold prices inch down as markets eye ECB decision

Thu, 01/23/2020 - 10:12
Gold prices edged lower on Thursday as cautious investors awaited a policy decision by the European Central Bank due later in the day, although mounting concerns over a virus outbreak in China provided a floor under prices.

Oil slump deepens as China virus casts cloud over fuel demand, economy

Thu, 01/23/2020 - 10:11
Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.

After China trade deal, Europe and UK next on Trump's to-do list

Thu, 01/23/2020 - 10:10
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.

European Commission chief von der Leyen may visit Washington next month - EU ambassador

Thu, 01/23/2020 - 10:10
European Commission President Ursula von der Leyen may visit Washington in early February, EU Ambassador Stavros Lambrinidis said on Wednesday.

RBI to hold rates on inflation concerns, fiscal boost likely: Reuters poll

Thu, 01/23/2020 - 09:42
Rising inflation is expected to keep the Reserve Bank of India from cutting rates again until late this year, while an expansionary federal budget due next month attempts to put a floor under rapidly-slowing growth, a Reuters poll found.

Japan exports shrink for 13th month in further blow to economy

Thu, 01/23/2020 - 08:37
Japan's exports fell for a 13th straight month in December, hurt by U.S.-bound shipments of cars, construction and mining machinery, suggesting weak external demand is likely to remain a drag on the trade-reliant economy for a while longer.

After China trade deal, Europe and UK next on Trump's to-do list

Thu, 01/23/2020 - 08:03
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.

Asian shares wilt, oil tumbles as China virus spreads

Thu, 01/23/2020 - 08:02
Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.

U.S. economy to coast, no big boost expected from trade deal: Reuters poll

Thu, 01/23/2020 - 05:42
The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.

Finance wants competitiveness role for UK watchdogs after Brexit

Thu, 01/23/2020 - 05:36
Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday.