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Updated: 9 hours 25 min ago

Bank of England's Carney speaks about Brexit, technology and climate change

Fri, 02/14/2020 - 15:39
Bank of England Governor Mark Carney spoke to Reuters about Brexit, the impact of December's election on Britain's economy, climate change and how technology might eventually help economies around the world to grow more strongly.

Carney says business must come clean quickly on climate

Fri, 02/14/2020 - 15:24
Bank of England Governor Mark Carney called on the world's businesses to publish strategies for cutting carbon emissions and adopting cleaner power sources by November, when world leaders meet in Scotland for U.N.-led climate talks.

India court stalls Amazon, Flipkart antitrust probes - lawyers

Fri, 02/14/2020 - 15:17
An Indian antitrust investigation of Inc and Walmart's Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.

AstraZeneca 2020 forecasts hit by coronavirus, shares dive

Fri, 02/14/2020 - 15:10
British drugmaker AstraZeneca forecast revenue growth for this year of around 10% on Friday, as it factored in a hit from the coronavirus outbreak in China and fell short of analysts' expectations for fourth-quarter results.

Renault's 2020 vision clouded as 'tough' year leads to first loss in a decade

Fri, 02/14/2020 - 15:06
Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance.

Zuckerberg accepts Facebook may pay more tax in different places - Politico

Fri, 02/14/2020 - 14:58
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.

Chinese economy clobbered by coronavirus but set to recover soon - Reuters poll

Fri, 02/14/2020 - 14:49
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.

German economy 'flirts with recession' as fourth-quarter output stagnates

Fri, 02/14/2020 - 14:48
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession just as Chancellor Angela Merkel's conservatives are preoccupied with a search for a new leader.

Global Markets: European shares scale record even as coronavirus shows no signs of peaking

Fri, 02/14/2020 - 14:46
European shares touched record highs on Friday as investors digested whether China's coronavirus outbreak would cause long-lasting damage to global economy.

European shares scale record even as coronavirus shows no signs of peaking

Fri, 02/14/2020 - 14:43
European shares touched record highs on Friday as investors digested whether China's coronavirus outbreak would cause long-lasting damage to global economy.

Coronavirus spells brutal Valentine's Day for Shanghai dining spots

Thu, 02/13/2020 - 15:13
As Valentine's Day nears on Friday, Shanghai restaurant owner Bill Hu finds himself unusually free.

Global Markets: Jump in coronavirus cases yanks rally into reverse

Thu, 02/13/2020 - 15:11
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.

Airbus pledges profit gain after bribery settlement hit

Thu, 02/13/2020 - 15:10
Airbus pledged higher jet deliveries and operating profit this year, after an international bribery settlement and problems with the A400M transport plane plunged the aerospace group to a 1.36 billion euro ($1.48 billion) net loss for 2019.

Vietnamese farmers hold onto coffee stocks amid low prices

Thu, 02/13/2020 - 14:59
Traders and exporters in Vietnam have taken a step back from purchasing low-priced coffee beans from local farmers, while inventories begin to decline.

Credit Suisse posts best profit since 2010 in Thiam swan song

Thu, 02/13/2020 - 14:57
Credit Suisse posted a 69% rise in annual net profit on Thursday in a bittersweet swan song for outgoing Chief Executive Tidjane Thiam.

IEA says virus outbreak to shrink first-quarter oil demand

Thu, 02/13/2020 - 14:43
Oil demand is set to fall year on year in the first quarter for the first time since the depths of the financial crisis in 2009 hurt by the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday.

Nissan slashes profit outlook after sales slump, says more restructuring needed

Thu, 02/13/2020 - 14:39
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.

South Korean bonds lead foreign inflows into Asian bonds in January

Thu, 02/13/2020 - 14:17
South Korean bonds garnered most of Asia's foreign inflows in January, as investors sought safer havens, preferring an economy with strong forex reserves and credit ratings after the onset of the coronavirus epidemic in China.

Barclays chief Staley probed over Epstein ties

Thu, 02/13/2020 - 14:09
Britain's financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday.

Improving Nestle reins in growth ambitions

Thu, 02/13/2020 - 14:09
Food giant Nestle will hit its 2020 organic growth target later than envisaged, it said on Thursday after posting its highest annual growth in four years and improved profitability.