BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'war Star'. (Return)

Yahoo BusinessFeb 17, 2020
Europe Stocks Gain on China Lift; Yen, Gold Slip: Markets Wrap
(Bloomberg) -- European stocks rose after Chinese shares advanced with the yuan as investors took encouragement from the Asian country's pledges to support the world's second-biggest economy in the face of the coronavirus outbreak. The yen and gold both dipped.Gains in the Stoxx Europe 600 Index were led by automakers and miners. U.S. futures climbed, though Wall Street is shut for a holiday, and Treasuries weren't trading. European bonds were steady, while the euro ticked higher, after closing on Friday at its lowest since early 2017. The dollar was flat.China's CSI 300 Index has recouped its losses since trading resumed after the Lunar New Year break, as the central bank lowered one of its interest rates and said it would support firms that can reopen as soon as possible. The momentum failed to buoy most Asian markets, however. Stocks dipped Seoul and Sydney, while Japan's Topix Index dropped after data showed the country's economy shrank the most in five years in the last quarter. Cathay Pacific Airways Ltd., which counts on China and Hong Kong for about half its revenue, gave a profit warning and blamed the virus.Investors in risk assets began the week on the front foot after China over the weekend unveiled plans to reduce corporate taxes and fees, while letting banks run up more non-performing loans. Bloomberg Economics estimated the country's economy has been running at just 40% to 50% capacity in the last week, underscoring the short-term damage done by the coronavirus-linked shutdowns of large swath

Yahoo BusinessFeb 17, 2020
Cruise Ship Evacuations Stepped Up; 1,775 Dead: Virus Update
(Bloomberg) -- Beijing may delay a high-profile political meeting for the first time in decades because of the coronavirus outbreak that has infected more than 71,000 and killed 1,775 globally.Countries stepped up evacuation efforts from the Diamond Princess cruise ship in Japan as the total number of infections jumped to 454 after 99 new cases were identified Monday.China and Hong Kong pledged extra fiscal stimulus, boosting markets.Key DevelopmentsChina death toll 1,770, up 105; mainland cases rise to 70,548Hubei adds 1,933 new cases, up from 1,843 a day earlierStocks rebound after China pledges to support economyFour missed chances for China to contain outbreakVirus fears grow as travelers on stricken ships return homeClick VRUS on the terminal for news and data on the novel coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.Cathay Pacific Warns on Results (4:45 p.m. HK)First-half results "will be significantly down" from the same period year ago as demand for flights slumped following the novel coronavirus outbreak, Cathay Pacific said.U.S. Factories in China Don't Have Enough Staff (3:57 p.m. HK)Most U.S. factories in China's manufacturing hub around Shanghai will be back at work this week, but the "severe" shortage of workers due to the coronavirus will hit production and global supply chains, according to the American Chamber of Commerce in Shanghai.While about 90% of the 109 U.S. manufacturers in the Yangtze River delta expect to resume pro

Yahoo BusinessFeb 17, 2020
These markets are open on Presidents Day
(Bloomberg) -- French train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.'s train business for more than $7 billion, the Wall Street Journal reported, citing people familiar with the matter.The discussions, first reported by Bloomberg News on Jan. 21, began before Bombardier surprised the market last month by warning of disappointing fourth-quarter sales.If terms are completed, the deal could be announced as early as Monday, according to the Journal report. Alstom is expected to buy the unit using mainly cash and some stock component. Quebec pension firm Caisse de Depot et Placement, which owns 32.5% of Bombardier's train unit, has agreed to sell its stake to Alstom and acquire a minority holding in the combined train company, the report added.Alstom going ahead with a deal could allow the French company to avoid paying a material premium due to Bombardier Transportation's cash needs and recent project delays, according to a Bloomberg Intelligence report last week.Alstom shares climbed 15% since the start of the year, while Bombardier dropped 13%.(Adds share performance in fifth paragraph. An earlier version of this story was corrected.)To contact the reporter on this story: Michael Bellusci in Toronto at mbellusci2@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Kevin Miller, Linus ChuaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.
TRENDING TAGS
Chinacoronavirus cases UPDATE virus Stocks
CoronavirusChina cruise ship Japan updates
VirusCoronavirus China cruise ship Japan
VirusCoronavirus China cruise ship Japan
StocksMarkets Wrap China Yahoo Finance
StocksMarkets Wrap China Yahoo Finance
NBAAll-Star Game Kobe | ESPN
NBAAll-Star Game Kobe | ESPN
Japancoronavirus ship cruise economy quarantined
Japancoronavirus ship cruise economy quarantined

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC