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Reuters Business
Jan 24, 2020

Oil rebounds, but markets 'twitchy' over China virus impact on demand
Oil prices edged up on Friday, helped by a decline in U.S. crude stockpiles, but were on track for to fall up to 5% for the week on worries that the China coronavirus that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.

Reuters Business
Jan 23, 2020

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB
Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be traveling over the week-long holiday.

Reuters Business
Jan 23, 2020

Euro near seven-week low after ECB; China virus worries linger
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.

Reuters Business
Jan 23, 2020

Oil steadies, but concern over spreading China virus weighs
Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.

Reuters Business
Jan 23, 2020

Euro near seven-week low after ECB; virus fears support yen
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.

Reuters Business
Jan 23, 2020

U.S. to unveil crackdown on counterfeit, pirated e-commerce goods
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.

Reuters Business
Jan 23, 2020

Global stocks steady as caution on China virus continues; euro hits seven-week low after ECB
Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency.

Reuters Business
Jan 23, 2020

Westpac economists now see RBA delaying rate cut to April
Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.

Reuters Business
Jan 23, 2020

Intel signals 2020 will be a turnaround year for chip industry leader
Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand.

Reuters Business
Jan 23, 2020

Trump announces adjustments to tariff quotas for washing machines
U.S. President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.

Reuters Business
Jan 23, 2020

Boeing reschedules 777X plane's first test flight for Friday
Boeing Co said its 777X aircraft's first test flight would take place on Friday after bad weather delayed its scheduled takeoff on Thursday.

Reuters Business
Jan 23, 2020

Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source
U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.

Reuters Business
Jan 23, 2020

Trump announces adjustments to washer tariff quotas: proclamation
U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.

Reuters Business
Jan 23, 2020

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.

Reuters Business
Jan 23, 2020

JPMorgan board raises CEO Dimon's pay to $31.5 million
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million, the company said in a filing on Thursday.

Reuters Business
Jan 23, 2020

Intel sees 2020 revenue above estimates as chip demand recovers
Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry is starting to lift after forecasting full-year revenue and profit above analysts' estimates driven by cloud computing demand.

Reuters Business
Jan 23, 2020

Italy tax police search offices of Eni managers in obstruction probe: sources
Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.

Reuters Business
Jan 23, 2020

Airlines scour the world for scarce 737 MAX simulators
(This January 21 story corrects reference to Copa being the only Latin American airline with a 737 MAX simulator, clarifies 245 refers to 737 MAX pilots not total pilots in paragraph 20)

Reuters Business
Jan 23, 2020

Insys founder Kapoor sentenced to 66 months in prison for opioid scheme
John Kapoor, the founder of Insys Therapeutics Inc , on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.

Reuters Business
Jan 23, 2020

Broadcom to supply wireless components to Apple
Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.

Reuters Business
Jan 23, 2020

S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus
The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.

Reuters Business
Jan 23, 2020

Intel forecasts 2020 revenue above estimates, shares rise 7%
Intel Corp forecast full-year revenue above analysts' estimates on Thursday after beating fourth-quarter earnings expectations, powered by its closely watched data center and PC chips businesses, sending its shares up nearly 7%.

Reuters Business
Jan 23, 2020

Insys founder Kapoor sentenced to 66 months in prison: judge
Insys Therapeutics founder John Kapoor was sentenced to 66 months in prison for his role in an opioid fraud scheme by a U.S. district judge in Boston on Thursday.

Reuters Business
Jan 23, 2020

Bank regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's three-year sales practices scandal.

Reuters Business
Jan 23, 2020

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues
The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.

Reuters Business
Jan 23, 2020

Dollar up vs euro as ECB holds rates steady, launches review
The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Reuters Business
Jan 23, 2020

American, Southwest say demand helping competitors while 737 MAX sits parked
Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding.

Reuters Business
Jan 23, 2020

Exclusive: Guyana opening search for oil firm to trade its crude - official
Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.

Reuters Business
Jan 23, 2020

Wall Street pares losses on positive coronavirus news
Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China.

Reuters Business
Jan 23, 2020

Regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's sales practices scandal.

Reuters Business
Jan 23, 2020

French investigators to move ahead with Ghosn prosecution over palace party
French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.

Reuters Business
Jan 23, 2020

Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator
A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal.

Reuters Business
Jan 23, 2020

JetBlue shares jump after airline surpasses cost-cutting target
JetBlue Airways Corp said on Thursday it had shaved $314 million from its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade.

Reuters Business
Jan 23, 2020

Oil falls 3% as specter of China virus threatens fuel demand
Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.

Reuters Business
Jan 23, 2020

S&P Global places Boeing's rating on credit watch negative
S&P Global Ratings on Thursday placed Boeing Co's 'A-' credit rating on 'credit watch' with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX's recertification.

Reuters Business
Jan 23, 2020

PES creditors fight to reject refinery sale to Hilco: court documents
Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday.

Reuters Business
Jan 23, 2020

Carlyle looking at 'relatively cheap' energy assets: Rubenstein
Fears about the future of energy assets have led to a sell-off, but this has created "very good opportunities" for the Carlyle Group, its founder, David Rubenstein, said on Thursday.

Reuters Business
Jan 23, 2020

Goldman Sachs to companies: Hire at least one woman director if you want to go public
From June 30, Goldman Sachs Group Inc will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David Solomon said on CNBC on Thursday.

Reuters Business
Jan 23, 2020

U.S. regulator plans enforcement actions against former Wells Fargo executives: source
One of Wells Fargo & Co's top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank's sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters.

Reuters Business
Jan 23, 2020

Blues health insurers put up $55 million to take on generic drug makers
A group of Blue Cross Blue Shield insurers is investing $55 million in a venture that aims to offer cheaper prices to their members on generic drugs that currently have little or no competition, the companies said on Thursday.

Reuters Business
Jan 23, 2020

U.S. regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra
A U.S. regulator said it will review part of a recommendation made last fall that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles' Jeep SUV design.

Reuters Business
Jan 23, 2020

Apple pushes back against EU common charger, warns of innovation risks
iPhone maker Apple on Thursday pushed back against EU lawmakers' call for a common charger, warning the move could hamper innovation, create a mountain of electronic waste and irk consumers.

Reuters Business
Jan 23, 2020

U.S. weekly jobless claims rise modestly; labor market tight
The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.

Reuters Business
Jan 23, 2020

Oil falls 2% as specter of China virus threatens fuel demand
Oil prices fell more than 2% on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.

Reuters Business
Jan 23, 2020

Comcast results beat forecasts on broadband growth; 'Cats' hits NBC Universal unit
Comcast Corp on Thursday beat Wall Street's revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film "Cats" bombed at the box office.

Reuters Business
Jan 23, 2020

Xerox nominates new HP board after buyout rebuffs
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc's board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer.

Reuters Business
Jan 23, 2020

Tesla's German factory gets off to an explosive start
Seven U.S. bombs from World War Two have been found in the plot of land outside Berlin where electric car pioneer Tesla wants to build its first European factory, local authorities said on Thursday.

Reuters Business
Jan 23, 2020

ECB's Lagarde launches policy overhaul that will leave no stone unturned
The European Central Bank launched a broad review of its policy on Thursday that is likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Reuters Business
Jan 23, 2020

Coronavirus fears weigh on global equity markets
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower Thursday as concern mounted about a new coronavirus outbreak in China.

Reuters Business
Jan 23, 2020

M&A strong though Chinese buyers lacking: Citigroup's Kalvaria
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns' offer "great potential", but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender's institutional clients group said.

Reuters Business
Jan 23, 2020

Healthy travel demand helps cushion 737 MAX toll for American, Southwest
Healthy travel demand should continue to cushion results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, even as the prolonged Boeing 737 MAX grounding weighs on costs and profits.

Reuters Business
Jan 23, 2020

United says does not expect to fly the 737 MAX this summer
(This Jan. 22 story corrects attribution in first and second paragraphs to Chief Commerical Officer Andrew Nocella from President Scott Kirby)

Reuters Business
Jan 23, 2020

China virus scare, disappointing earnings drive Wall St. lower
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China, disappointing corporate earnings and weakness in financial stocks prompted investors to hit the brakes after a strong rally this year.

Reuters Business
Jan 23, 2020

Xerox plans to nominate 11 directors to HP's board
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc's board, setting the stage for a proxy fight after the personal computer maker rebuffed its $33.5 billion takeover offer.

Reuters Business
Jan 23, 2020

Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump
Union Pacific Corp shares rose 1% after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes.

Reuters Business
Jan 23, 2020

Comcast takes aim at CNN with NBC-Sky global news channel: FT
Comcast's NBC and Sky will jointly launch a global news channel taking aim at CNN, the Financial Times reported https://www.ft.com/content/cf3aafce-3d30-11ea-a01a-bae547046735 on Thursday.

Reuters Business
Jan 23, 2020

Dollar gains vs euro as ECB holds policy steady, launches review
The dollar rose against the euro on Thursday after the European Central Bank left unchanged its key interest rates and stimulus programs and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Reuters Business
Jan 23, 2020

P&G sales growth shy of forecasts as slowing birthrate hurts diaper sales
Procter & Gamble Co on Thursday posted quarterly sales that missed analysts' expectations for the first time in five quarters, hurt by weakness in baby and feminine care products such as Pampers diapers and Tampax tampons.

Reuters Business
Jan 23, 2020

Britain's Morrisons axes 3,000 management jobs in stores shake-up
British supermarket group Morrisons plans to cut 3,000 management jobs as part of a workforce restructuring that will create 7,000 frontline jobs in its stores, it said on Thursday.

Reuters Business
Jan 23, 2020

Tesla overtakes Volkswagen as world's second most valuable carmaker
Tesla Inc has overtaken Germany's Volkswagen as the world's second most valuable carmaker behind Japan's Toyota , as the meteoric rise in the U.S. electric vehicle maker's shares reshuffles the global market.

Reuters Business
Jan 23, 2020

Southwest sees 737 MAX costs continuing to lash profits this year
Southwest Airlines Co said on Thursday that the Boeing 737 MAX grounding will continue weighing on its profits in the first quarter and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked longer than expected.

Reuters Business
Jan 23, 2020

U.S. weekly jobless claims rise modestly; labor market solid
The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.

Reuters Business
Jan 23, 2020

Waymo to test autonomous trucks, vans in Texas and New Mexico
Waymo, the self-driving unit of Alphabet Inc , said on Thursday it will start testing autonomous trucks and vans in Texas and New Mexico this week.

Reuters Business
Jan 23, 2020

Factbox: Polish video game productions that have hit the jackpot
Poland's booming video game and esports market was worth $664 million in 2019, according to PwC, and is projected to climb to nearly $850 million over the next four years.

Reuters Business
Jan 23, 2020

From Communist-era roots to cash cows: Poland's gaming industry takes on the world
The drab exteriors of a pair of 1970s buildings in an industrial Warsaw neighborhood belie the hive of high-tech activity inside where developers, screenplay writers and others at leading video game maker CD Projekt hustle to create the next global hit.

Reuters Business
Jan 23, 2020

P&G falls short of sales estimates for first time in over a year
Procter & Gamble Co reported quarterly sales that fell short of analysts' estimates for the first time in over a year, hurt by weakness in its baby and feminine care business, which sells everything from Tampax tampons to Pampers diapers.

Reuters Business
Jan 23, 2020

Insys founder faces stiff prison sentence, $100 million-plus in forfeiture
John Kapoor, the founder of Insys Therapeutics Inc , on Thursday could be sentenced to several years in prison and ordered to forfeit up to $113 million for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.

Reuters Business
Jan 23, 2020

Union Pacific profit misses estimates as energy shipments fall
U.S. railroad operator Union Pacific Corp reported a lower-than-expected quarterly profit, as freight volumes of agricultural products and energy shipments fell.

Reuters Business
Jan 23, 2020

American Airlines beats quarterly profit estimates on strong travel demand
American Airlines Group Inc edged past Wall Street estimates for quarterly profit on Thursday, as strong travel demand and lower fuel costs cushioned the U.S. carrier from flight cancellations due to the 737 MAX grounding.

Reuters Business
Jan 23, 2020

JetBlue resets cost structure to enable low airfares for next decade
JetBlue Airways Corp said on Thursday it had shaved $314 million off its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade. Curbing costs is a priority for many companies, but particularly for airlines like JetBlue, where costs have been rising faster than for many peers and whose business model depends on fares that can compete with legacy airlines.

Reuters Business
Jan 23, 2020

Futures inch lower on worsening China virus concerns, mixed earnings
U.S. stock index futures edged lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, with a mixed bag of results adding to the dour sentiment.

Reuters Business
Jan 23, 2020

ECB launches review that will redefine its mission and tools
The European Central Bank launched a broad review of its policy on Thursday that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

Reuters Business
Jan 23, 2020

Virus fears sap stocks; ECB gets ready for rethink
World shares fell on Thursday, led by the biggest tumble in Chinese stocks in more than eight months, as concern mounted about a new coronavirus outbreak in China.

Reuters Business
Jan 23, 2020

First phase of Huawei CFO Meng's U.S. extradition hearing set to wrap up in Canada
Lawyers for Huawei Chief Financial Officer Meng Wanzhou will respond Thursday to the Canadian prosecutor's arguments calling for Meng to be extradited to the United States on bank fraud charges.

Reuters Business
Jan 23, 2020

Blues health insurers fund U.S. non-profit's generic drug expansion
A group of Blue Cross Blue Shield insurers is investing $55 million in a new venture with a non-profit generic drug manufacturer to try to offer cheaper prices on pharmacy drugs to their members, the companies said on Thursday.

Reuters Business
Jan 23, 2020

UK's Morrisons to cut 3,000 management jobs
Morrisons , Britain's No. 4 supermarket group, plans to cut 3,000 management jobs as part of a major restructuring of its workforce that will see 7,000 store jobs created, it said on Thursday.

Reuters Business
Jan 23, 2020

Euro traders wait for ECB meeting, yuan drops on virus fears
The euro remained stuck in its recent trading range on Thursday before the European Central Bank's meeting, while China's yuan dropped on fears about the spread of a virus.

Reuters Business
Jan 23, 2020

Jeep, Suzuki models found to have broken EU emissions rules
Fiat Chrysler's Jeep Grand Cherokee and Suzuki's Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.

Reuters Business
Jan 23, 2020

Comcast's growth in broadband customers offsets fourth-quarter cord-cutting
Comcast Corp's bid to counter cord-cutting with profitable broadband customers continued to pay off in the fourth quarter, as the company on Thursday beat Wall Street's revenue and profit estimates.

Reuters Business
Jan 23, 2020

Mexico goes ghost as its oil hedge bill spirals
Mexico is playing a risky game of hide and seek with the oil market.

Reuters Business
Jan 23, 2020

Southwest quarterly profit falls on mounting 737 MAX costs
Southwest Airlines Co reported a 21% fall in fourth-quarter profit on Thursday due to Boeing 737 MAX costs and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked well into this year.

Reuters Business
Jan 23, 2020

Dutch road authority finds Jeep, Suzuki models broke emissions rules
The Dutch road authority has recalled Jeep Cherokees throughout Europe for a software update, it said on Thursday, after completing an investigation into fraudulent emissions strategies by Suzuki and Jeep diesel models.

Reuters Business
Jan 23, 2020

United States cautions Britain over Huawei
The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth.

Reuters Business
Jan 23, 2020

Volkswagen CEO: Seat's de Meo probably in talks with Renault - CNBC
The chief executive of Volkswagen said Luca de Meo, who stepped down as chief executive of the German carmaker's Spanish Seat brand this month, was probably in talks with French carmaker Renault .

Reuters Business
Jan 23, 2020

CITIC Capital bidding for 22% McDonald's China stake: chief
Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald's Corp's mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.

Reuters Business
Jan 23, 2020

Oil falls as spectre of China virus looms over fuel demand
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.

Reuters Business
Jan 23, 2020

Virus fears keep stocks red; ECB gets ready to rethink
World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China.

Reuters Business
Jan 23, 2020

Volkswagen CEO - Luca de Meo is probably in talks with Renault: CNBC
The chief executive of Volkswagen told CNBC that Luca de Meo, who earlier this month stepped down as chief executive of the German carmaker's Spanish Seat brand, was probably in talks with Renault .

Reuters Business
Jan 23, 2020

BP appoints new finance chief as Looney prepares to take over
BP's finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.

Reuters Business
Jan 23, 2020

Britain says Huawei alternatives are limited, decision soon: minister
Britain will soon decide what role China's Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday.

Reuters Business
Jan 23, 2020

Australia's Westpac hires 'Mack the knife' McFarlane to chair crisis-hit bank
Australia's Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country's biggest money-laundering scandal.

Reuters Business
Jan 23, 2020

Yen jumps and yuan sags on Chinese virus fears
The Japanese yen strengthened and China's yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.

Reuters Business
Jan 23, 2020

Britain to United States: We want a trade deal and a digital tax
Britain wants a trade deal with the United States but will impose a digital service tax on the revenue of companies such as Google, Facebook and Amazon, business minister Andrea Leadsom said on Thursday.

Reuters Business
Jan 23, 2020

Oil skids as specter of China virus looms over fuel demand, economy
Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.

Reuters Business
Jan 23, 2020

Siemens CEO Kaeser asks Trump for equal treatment in Mideast
Siemens Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company's clients at the start of the year, he told CNBC on Thursday.

Reuters Business
Jan 23, 2020

Explainer: Global airlines on high alert as virus outbreak spreads
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.

Reuters Business
Jan 23, 2020

Chinese listed companies ramp up virus efforts after president's call
A number of Chinese listed companies - ranging from biotech firms, drugmakers, mask producers and thermometer manufacturers - announced efforts in response to a national call to fight the outbreak of the Wuhan coronavirus.

Reuters Business
Jan 23, 2020

Steep losses in China stocks hit Asia, oil tumbles as virus fears grow
Asian shares tumbled on Thursday, led by the biggest slide in Chinese stocks in more than eight months, as investors grew more anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.

Reuters Business
Jan 23, 2020

Exclusive: Malaysia to buy more Indian sugar to resolve palm oil spat - sources
Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.

Reuters Business
Jan 23, 2020

Yen up, yuan down over China virus fears; Aussie jumps on jobs data
The safe-haven Japanese yen firmed and the Chinese yuan weakened on Thursday, as traders kept a wary eye on the spread of a virus in China, while the battered Australian dollar jumped after a surprise drop in unemployment.

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