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Updated: 9 hours 56 min ago

Gold gains as stocks lose steam on surge in virus cases

Thu, 02/13/2020 - 14:04
Gold rose on Thursday as a surge in the number of new coronavirus cases in China dashed hopes the epidemic was slowing and drove investors to safe-haven assets.

China auto sales likely tumbled 18% in January, coronavirus seen taking heavy toll

Thu, 02/13/2020 - 14:03
China's vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak.

Indivior posts steep quarterly loss as copycat drugs bite, shares plunge

Thu, 02/13/2020 - 14:00
Indivior reported a fourth-quarter loss on Thursday and forecast a further drop in sales this year as the drugmaker grapples with a series of legal defeats related to its top opioid addiction treatment, sending its shares down as much as 22%.

Qatar says ready to re-route energy cargoes to China after virus spread

Thu, 02/13/2020 - 13:49
Qatari energy companies are "actively engaged" in accommodating rescheduling or re-routing requests on some deliveries of Qatari oil and gas cargoes to China after a coronavirus outbreak, the Qatari energy minister said on Wednesday.

Pernod Ricard CEO: we're confident on China despite virus

Thu, 02/13/2020 - 13:43
French spirits maker Pernod Ricard remains confident over its medium term-prospects in China despite the coronavirus epidemic which will hit its full year sales, its chief executive told Reuters on Thursday.

Factbox: Nestle CEO Schneider's top deals

Thu, 02/13/2020 - 13:39
Nestle Chief Executive Mark Schneider has made great strides in positioning the world's largest food company for the future with his aggressive deal-making since taking over in January 2017.

Google seals takeover of Looker after UK green light

Thu, 02/13/2020 - 13:37
Alphabet Inc-owned Google said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain's competition watchdog.

Oil prices mixed as demand concerns outweigh output cut expectations

Thu, 02/13/2020 - 13:20
Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world's biggest oil importer, outweighed expectations of supply cuts from major producers.

Pernod Ricard cuts annual profit growth forecast due to China virus

Thu, 02/13/2020 - 13:12
French spirits group Pernod Ricard cut its full-year profit growth outlook for 2019-2020 on Thursday, saying the coronavirus epidemic in China was likely to have a severe impact on its third-quarter performance.

Takeaway reports core profit, 79% revenue jump, as Just Eat buy looms

Thu, 02/13/2020 - 13:07
Just Eat NV, the Dutch-based online food ordering service, on Thursday reported strong revenue growth and a small core profit for 2019, the last year before its takeover of larger British peer Just Eat PLC.

Sensex, Nifty end higher as coronavirus fears abate

Wed, 02/12/2020 - 16:05
Indian shares ended higher on Wednesday, as a slowdown in the number of coronavirus cases and the U.S. Federal Reserve chairman's optimistic view on the economy whetted investor appetite for riskier assets.

Exclusive: Thyssenkrupp-Kone merger would trigger litigation war - Schindler

Wed, 02/12/2020 - 15:59
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp's lift division with rival Kone, board member Alfred Schindler told Reuters.

Singapore's UOB allocates $2.2 billion for companies impacted by coronavirus

Wed, 02/12/2020 - 15:35
Singapore lender United Overseas Bank (UOB) said on Wednesday it has allocated S$3 billion ($2.16 billion) to companies in the city-state as relief assistance to help tide them over during the coronavirus outbreak.

Global Markets: Investors charge back into stocks on signs coronavirus spread is slowing

Wed, 02/12/2020 - 15:15
A drop in the number of new coronavirus cases and the Federal Reserve chairman's optimistic view of the economy lifted world stocks for a third day on Wednesday and sparked a 2% rally in oil prices, on hopes the epidemic's effects would be contained.

Coronavirus likely to hurt euro zone, UK growth - S&P Global

Wed, 02/12/2020 - 14:58
The likely slowdown in China's economy due to the coronavirus outbreak is likely to shave 0.1 to 0.2 percentage points off both euro zone and UK growth this year, credit rating agency S&P Global estimated on Wednesday.

Coronavirus cases fall, experts disagree whether peak is near

Wed, 02/12/2020 - 14:57
China reported on Wednesday its lowest number of new coronavirus cases since late January, lending weight to a prediction by its senior medical adviser that the outbreak could end by April.

Heineken sees more profit growth in final year for long-serving CEO

Wed, 02/12/2020 - 14:55
Heineken , the world's second largest brewer, forecast lower barley and aluminium costs would help to boost profits this year, when its long-serving chief executive will step down.

Oil jumps as fall in new China coronavirus cases eases fuel demand concerns

Wed, 02/12/2020 - 14:43
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic.

Nissan may report first quarterly loss since March 2009 - sources

Wed, 02/12/2020 - 14:41
Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster.

Gold eases on rising risk appetite as new virus cases fall

Wed, 02/12/2020 - 14:35
Gold prices edged lower on Wednesday as new coronavirus cases fell and risk appetite improved, although uncertainty over the economic impact of the outbreak still underpinned bullion.