Business News

Virus fears wipe $393 billion off China's stock market despite government support moves

The Chinese yuan blew past the seven-per-dollar mark, Shanghai-traded commodities from palm oil to copper hit their maximum down limits

Feb 3, 2020

By Reuters

Coronavirus

Chinese markets plunge as rising virus death toll fuels fears for global growth

The Chinese commodity and stock markets fell on Monday as investors moved to the safe-haven assets after the Lunar New Year

Feb 3, 2020

By Reuters

Coronavirus

China to inject $174 billion of liquidity on February 3 as markets reopen

China's authorities have pledged to use various monetary policy tools to ensure ample liquidity and for supporting firms which have been affected by the virus epidemic

Feb 2, 2020

By Reuters

Coronavirus

Russian oil output of January is highest since August

Oil output also rose in tonnes as it was 47.72 million in January whereas it was 47.63 million in December

Feb 2, 2020

By IBTimes APAC Desk

Coronavirus starts hurting companies; likely to impact economy

A large number of companies have started saying that the temporary shutdown of operations is likely to impact earnings for March quarter

Feb 2, 2020

By R. Ghosh

Coronavirus

India to spend $40 billion in farm sector to stabilize sagging economy

The Indian Finance Minister Nirmala Sitharaman presented the 2020/21 budget for the financial year which will start from April 1

Feb 1, 2020

By IBTimes APAC Desk

Apple to close all China mainland stores due to virus outbreak

Apple is joining a handful of overseas retailers, including Starbucks Corp and McDonald's Corp to temporarily shut storefronts as a precautionary measure

Feb 1, 2020

By Reuters

Apple ios Coronavirus

What will happen to UK now that the Brexit is done?

The Brexit comes from deep-rooted fear and anxiety about questions about staying with the EU or straying away from it, and what would be economy be after December 2020

Feb 1, 2020

By Parvathy Rajagopal

American Airlines' pilots refuse to fly to China, file lawsuit; others continue to cancel flights

The union representing the pilots have filed a lawsuit against the company to to halt flight services to China

Feb 1, 2020

By R. Ghosh

Coronavirus

IBM CEO Virginia Rometty to step down; to be replaced by cloud business head Arvind Krishna

Rometty has been with IBM since 1981 and will remain the company's executive till the end of this year when she finally retires

Feb 1, 2020

By R. Ghosh

Amazon prime

Oil climbs as WHO declares emergency, says it 'opposes' travel, trade restrictions

The price of oil fell by nearly four percent through Thursday this week - hitting three-months lows - before rebounding on Friday

Jan 31, 2020

By Reuters

Asia shares struggle for footing after fraught week

As the coronavirus takes a toll on the market, investors clutched at hopes that China could contain the virus, even as headlines spoke of more cases and mounting deaths

Jan 31, 2020

By Reuters

Coronavirus

US economy expands 1.4% in fourth quarter; corporate profits fall

US economy misses Trump's 3% growth target in 2019

Amid the trade tensions, the US economy once again saw a business investment slump where the economy missed the 3% growth target for a second straight year

Jan 31, 2020

By Reuters

NBCUniversal fined $15.9 million by EU regulators for restricting sales of film merchandise

The company's contract with its licensees banned them from selling products in some countries and in cases put limits on how they could sell online

Jan 31, 2020

By R. Ghosh

Boeing registers first annual loss since 1997; 737 Max costs to surpass $18 billion

After halting production of 737 Max this month, the aircraft maker will now slash production of its 787 Dreamliner

Jan 30, 2020

By R. Ghosh

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