Business News

Asian markets fall as coronavirus concerns weigh on sentiment

The coronavirus outbreak has dominated broader market sentiment with better-than-expected US jobs data on Friday failing to lift sentiment

Feb 10, 2020

By Reuters

Coronavirus

Trump slashes foreign aid, cuts safety net programs in new budget proposal

The budget would raise funds by targeting $2 trillion in savings from mandatory spending programs in US

Feb 10, 2020

By Reuters

donald-trump-says-chuck-schumer-is-a-puppet-for-nancy-pelosi-if-you-can-believe-that

US energy secretary hopes Mexico, Canada will help export American coal

Trump's administration has been trying to help coal mining companies that are suffering amid a glut of cheap natural gas

Feb 9, 2020

By Reuters

Pork supplies, prices are affected by the Coronavirus in China: Official

Kong Liang mentioned that the coronavirus outbreak has made major disruption in the supply of vital feed and veterinary medicine

Feb 9, 2020

By IBTimes APAC Desk

Coronavirus

Credit Suisse chairman expects to see out term after spy scandal

Thomas Gottstein, who is the head of the Swiss business at Credit Suisse, will take over from Thiam, the Zurich-based lender stated on Friday

Feb 8, 2020

By Reuters

White House dismisses idea of US buying Nokia, Ericsson to challenge Huawei

White House economic adviser Larry Kudlow said government is not in the business of buying companies, whether they're domestic or foreign

Feb 8, 2020

By Reuters

Huawei

European shares at record high on China tariff cut plans, robust bank results

China said on Thursday it intends to halve tariffs on some US goods next week, which could help improve negotiating conditions for the second phase of a trade deal

Feb 6, 2020

By Reuters

Oil prices jump in excess of 3% on reports of effective coronavirus drug

A team of researchers led by Zhejiang University professor Li Lanjuan have found that drugs Abidol and Darunavir can hinder the virus in vitro cell experiments, as per reports

Feb 5, 2020

By IBTimes APAC Desk

Coronavirus

Global Markets: Asian shares up as China stocks edge higher but caution prevails

Stocks in Asia steadied on Wednesday after higher on hopes of additional stimulus to lessen the economic impact of the coronavirus outbreak

Feb 5, 2020

By Reuters

Coronavirus

Coronavirus scare: Apple shuts down all its stores in China

Apple shuts down all of its stores, corporate offices and contact centers in mainland China due to the coronavirus.

Feb 4, 2020

By Vinod DSouza

Coronavirus

UK supermarkets suffer as shoppers shun booze and meat

Industry leader like Tesco, Walmart-owned Asda and Morrisons continued to lose market share to the German-owned discounters Aldi and Lidl

Feb 4, 2020

By Reuters

Hyundai Motor to suspend South Korea production as China virus hits parts supply

The flu-like virus has killed more than 420 people and spread to about two dozen nations, sparking fears for global economic growth and stirring the markets

Feb 4, 2020

By Reuters

Coronavirus