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Gold at seven-year high on fears virus will hit global growth
Gold rose 1% on Friday to its highest in seven years as the spread of the coronavirus intensified concerns about its impact on economic activity and global growth, increasing the metal's safe-haven appeal.
Posted on : 2020-02-21 16:31:02
Russian driverless tech company Cognitive Pilot sets sights on IPO
Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters.
Posted on : 2020-02-21 15:25:08
China's Geely starts online auto sales as virus epidemic keeps buyers at home
Beijing - Chinese automaker Geely GEELY.UL has launched a service for customers to buy cars online and get them delivered directly to their homes, in a bid to drum up sales as the coronavirus outbreak prompts buyers to stay away from showrooms.
Posted on : 2020-02-21 15:23:22
China sees only short-term virus impact on Southeast Asia economies
A senior Chinese diplomat on Friday sought to ease concerns about the economic impact on Southeast Asian countries from the coronavirus outbreak, including delays in infrastructure projects that are part of China's Belt and Road Initiative.
Posted on : 2020-02-21 15:02:15
Vietnam reports supply chain issues from virus, says may hit Samsung output
Vietnam's manufacturing sector is suffering supply chain problems caused by the coronavirus epidemic, which may delay production of Samsung Electronics' new phones, the Ministry of Industry and Trade told Reuters on Friday.
Posted on : 2020-02-21 14:58:49
Global stocks head for worst week in four as coronavirus spreads
Shares across the world fell on Friday and were set for their worst week in four as investors dumped riskier assets for the safety of bonds and gold, with coronavirus cases in China and elsewhere spreading.
Posted on : 2020-02-21 14:55:15
Nissan, Honda delay restart of some China plants due to coronavirus
Japanese automakers delayed on Friday the restart of plants in China near the epicentre of a coronavirus outbreak, complying with authorities' directives, but raising the risk of further supply disruptions that could hit global car production.
Posted on : 2020-02-21 14:47:42
Gold at seven-year high, set for strongest week in six months
Gold prices rose 1% to their highest in seven years on Friday and were set for their strongest week in more than six months as demand for the safe-haven asset increased after a spike in coronavirus cases.
Posted on : 2020-02-21 14:46:07
China firms in $10 billion share sale rush as funding rules eased amid virus worries
Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus.
Posted on : 2020-02-21 14:35:41
EU budget deal no closer after leaders' all-night talks
European Union leaders appeared no closer to reaching a deal on the bloc's next joint budget on Friday, with deep divisions between richer and poorer nations over its size - and what to spend it on - unresolved after all-night talks.
Posted on : 2020-02-21 14:08:28
Insurer Allianz raises guidance after profit jump
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday.
Posted on : 2020-02-21 14:01:40
China says to exempt extra tariffs on 65 U.S. goods from February 28
China's finance ministry said it will begin exempting 65 U.S. goods from retaliatory tariffs implemented amid the bilateral trade dispute with the United States for one year starting Feb. 28.
Posted on : 2020-02-21 14:01:33
India set to dazzle Trump with pomp and circumstance as trade rows fester
U.S. President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade.
Posted on : 2020-02-21 13:58:42
Hong Kongers set up face mask factory amid coronavirus panic buying
Responding to shortages of face masks amid a frightening coronavirus epidemic spreading from the mainland, a group of citizens in Hong Kong have set up a surgical face mask factory to ease supplies and deter price gouging in some stores.
Posted on : 2020-02-21 13:28:43
Gold gains as virus spreads, set for best week in over six months
Gold prices hit their highest in seven years on Friday and were set to post their best week in over six months as demand for the safe-haven asset increased after a spike in coronovirus cases.
Posted on : 2020-02-21 13:03:14
Oil falls 1% as spreading virus compounds concerns over demand hit
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market.
Posted on : 2020-02-21 12:59:55
Singapore bank OCBC sees virus trimming revenue by 2% this year
Oversea-Chinese Banking Corp flagged on Friday a 2% hit to annual revenue from the coronavirus outbreak, following in the footsteps of larger peer DBS Group and signalling Singapore lenders may find it tough to keep growing robustly.
Posted on : 2020-02-21 12:25:16
After Amazon, Walmart's Flipkart challenges India antitrust probe
Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.
Posted on : 2020-02-21 12:19:00
China's chicken chain comes unstuck amid chaos of virus measures
China's chicken farmers had been looking forward to a bumper year.
Posted on : 2020-02-21 12:13:30
Japan January factory output seen slowing, retail sales to fall: Reuters poll
Japan's factory output likely slowed in January and retail sales fell for a fourth straight month, a Reuters poll showed on Friday, a worrying sign as the new coronavirus outbreak adds to threats to the economic outlook.
Posted on : 2020-02-21 12:04:27
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