Monday February 17, 2020 4:58:27 AM PST - "Carpe Diem" does not mean "fish of the day". - Unkown
 
 
 

 

 

 
 

Mon, 17 Feb 2020 07:20:56 -0500

WTO gives somber outlook for global trade, sees virus threat

Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus.


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Mon, 17 Feb 2020 07:13:33 -0500

World shares inch up on Chinese support measures

Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.


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Mon, 17 Feb 2020 07:11:28 -0500

Alstom confirms talks on potential $7 billion Bombardier deal

French train maker Alstom has confirmed it is in talks on the possible acquisition of the train business of Canada's Bombardier , a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector.


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Mon, 17 Feb 2020 06:56:49 -0500

Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.


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Mon, 17 Feb 2020 06:44:31 -0500

Euro zone to cautiously pave the way for more fiscal stimulus

Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to Germany's spending more amid fears of a downturn.


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Mon, 17 Feb 2020 04:34:30 -0500

Cathay Pacific flags 'significant' drop in first-half profit, capacity cuts due to coronavirus

Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.


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Mon, 17 Feb 2020 03:57:38 -0500

NMC Health founder Shetty resigns as turmoil deepens

NMC Health said on Monday its founder BR Shetty had resigned as the Emirati healthcare group's joint non-executive chairman, leaving UK businessman H.J. Mark Tompkins as sole chairman.


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Mon, 17 Feb 2020 03:57:22 -0500

Timeline: NMC Health's expansion and ailments

NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances.


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Mon, 17 Feb 2020 03:46:25 -0500

Japan on brink of recession as economy contracts, virus heightens risk

Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity.


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Mon, 17 Feb 2020 03:28:17 -0500

William Hill names DS Smith's Adrian Marsh as CFO

British bookmaker William Hill on Monday named cardboard maker DS Smith's Chief Financial Officer Adrian Marsh as its finance head.


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Mon, 17 Feb 2020 03:12:27 -0500

U.S. firms in China report staff shortages, say coronavirus hitting global operations: AmCham

Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai's American Chamber of Commerce (AmCham).


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Mon, 17 Feb 2020 03:03:52 -0500

Oil prices steady as coronavirus-related demand concerns weigh

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.


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Mon, 17 Feb 2020 02:57:52 -0500

BOJ's Kuroda flags more easing if virus impact worsens: Sankei

Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.


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Mon, 17 Feb 2020 02:54:40 -0500

GM shuts Australia, NZ operations; sells Thai plant to Great Wall

General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion.


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Mon, 17 Feb 2020 02:20:35 -0500

Dubai's DP World to delist, return to full state ownership

Dubai's DP World, one of the world's largest port operator's, said on Monday it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.


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Mon, 17 Feb 2020 01:40:34 -0500

Timeline: General Motors streamlines its international operations

General Motors Co is retreating from more markets outside the United States and China, saying on Sunday that it will wind down its Australian and New Zealand operations, while selling a plant in Thailand.


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Mon, 17 Feb 2020 00:28:41 -0500

Climate change could make premiums unaffordable: QBE Insurance

Australia's QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a "material risk" for its operations across the globe.


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Mon, 17 Feb 2020 00:17:38 -0500

UK digital bank Monzo plans to hire 500 and relaunch paid accounts

Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.


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Sun, 16 Feb 2020 23:41:14 -0500

Japan ready to take steps vs virus impact on tourism: Economy Minister

Japanese Economy Minister Yasutoshi Nishimura said on Monday the government was ready to take all necessary steps flexibly with an eye on the impact of the coronavirus outbreak on the economy and tourism.


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Sun, 16 Feb 2020 21:50:54 -0500

New York drops fight against T-Mobile-Sprint merger

New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , saying the state would not appeal a judge's approval of the deal.


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