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Updated: 10 hours 9 min ago

Global shares edge higher on Chinese support measures

Mon, 02/17/2020 - 16:55
Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors.

Clock's ticking for Nissan boss Uchida to show he has a plan - sources

Mon, 02/17/2020 - 16:43
Nissan's new CEO Makoto Uchida doesn't have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company's board.

Oil traders rent South Korean storage after virus hits China demand

Mon, 02/17/2020 - 16:42
Top oil traders have rented millions of barrels of crude storage in South Korea this month to hold excess supplies, betting on a demand spike after China recovers from the effects of the coronavirus outbreak, trading sources said.

Sensex, Nifty fall as banks drag on telecom exposure

Mon, 02/17/2020 - 16:09
Indian shares fell on Monday, dragged down by bank shares on worries over exposure to telecom firms, while energy stocks fell on concerns due to falling fuel demand caused by the coronavirus outbreak.

Alstom confirms talks on potential $7 billion Bombardier deal

Mon, 02/17/2020 - 15:58
French train maker Alstom has confirmed it is in talks on the possible acquisition of the train business of Canada's Bombardier, a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector.

Environmental activists stage protests at commodities groups in Geneva - police

Mon, 02/17/2020 - 15:54
Environmental activists staged protests at offices of commodities groups Cargill, Vitol and Mercuria in Geneva on Monday, cantonal police said.

Cathay Pacific flags 'significant'drop in H1 profit, capacity cuts due to coronavirus

Mon, 02/17/2020 - 15:22
Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.

UK households' confidence in finances hits record high in February - IHS Markit

Mon, 02/17/2020 - 15:05
A gauge of how Britons feel about their household finances hit its highest level on record this month, the latest sign of a confidence bounce since Prime Minister Boris Johnson's decisive election win in December.

Oyo says annual loss grew over six-fold on China expansion

Mon, 02/17/2020 - 14:56
SoftBank-backed Oyo Hotels and Homes said on Monday losses widened more than six-fold in the year to March 2019, as the India-based hotel chain spent heavily to expand into China.

Factbox: Coronavirus forces delay of trade fairs and conferences

Mon, 02/17/2020 - 14:45
Over two dozen large trade fairs and industry conferences in China and overseas have been postponed due to travel curbs and concerns about the spread of the 2019 coronavirus, potentially disrupting billions of dollars' worth of deals.

Japan on brink of recession as economy contracts, virus heightens risk

Mon, 02/17/2020 - 14:15
Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity.

Fast-food companies in China step up ‘contactless’ pickup, delivery as coronavirus rages

Mon, 02/17/2020 - 13:57
With the coronavirus outbreak in China continuing to spread, McDonald's Corp , Starbucks Corp and other fast-food companies are ramping up "contactless" pickup and delivery services to keep their workers and customers safe, the companies said.

Vodafone Idea to pay 35 billion rupees in telecom dues this week, shares rise

Mon, 02/17/2020 - 13:47
Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees ($490 million) in telecoms dues to the government by Feb. 21, a lawyer for the company said on Monday.

Oil prices steady as coronavirus-related demand concerns weigh

Mon, 02/17/2020 - 13:33
Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.

GM shuts Australia, New Zealand operations; sells Thai plant to Great Wall

Mon, 02/17/2020 - 13:29
General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion.

Dubai's DP World to delist, return to full state ownership

Mon, 02/17/2020 - 13:01
Dubai's DP World, one of the world's largest port operator's, said on Monday it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.

Beijing autoshow delayed due to coronavirus

Mon, 02/17/2020 - 12:57
Organisers of Beijing autoshow, which is scheduled to be held in late-April, said on Monday the event will be delayed event due to the coronavirus outbreak.

Gold holds near two-week high on uncertainty over virus impact

Mon, 02/17/2020 - 12:50
Gold prices on Monday held near a two-week high scaled in the previous session as uncertainty prevailed over the impact of the coronavirus outbreak on the global economy.

Vodafone Idea says to pay 25 billion rupees in government dues - ET Now

Mon, 02/17/2020 - 12:39
Indian wireless carrier Vodafone Idea will pay 25 billion rupees ($350 million) of the nearly $3.9 billion it owes to government in telecoms dues, TV news station ET Now reported on Monday.

BOJ's Kuroda flags more easing if virus impact worsens - Sankei

Mon, 02/17/2020 - 12:01
Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.