All News Results

  • DP World returns to full state ownership, takes on $8.1 bln debt

    * Highly leveraged deal may weigh on DP World rating. * DP World to return to full state ownership. * DP World says to focus on mid-to-long term strategy. Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the centre of the emirate's 2009 debt crisis to repay some of its borrowings.

  • China to grant tariff exemptions on additional U.S. goods

    China said on Tuesday it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil.

  • JGBs rise as virus impact fuels equities sell-off

    Japanese government bond prices gained broadly on Tuesday, as a slide in equities increased the appeal of the safe-haven debt after Apple Inc (AAPL) warned on quarterly revenue due to the coronavirus epidemic in China. Local stocks fell to two-week lows on Tuesday, dragged down by tech companies as Apple (AAPL) said iPhone production and demand in China slowed due to the virus outbreak.

  • Oil prices fall as market weighs coronavirus demand impact

    Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand. Brent crude was at $57.07 a barrel, down 60 cents, or 1%, by 0348 GMT, while U.S. West Texas Intermediate crude fell 38 cents, or 0.7%, to $51.67 a barrel.

  • METALS-London copper eases as Apple warning underlines virus impact

    • BY Reuters|
    • 10:25 PM ET 02/17/2020

    London copper prices fell on Tuesday as a revenue warning by Apple Inc (AAPL) highlighted the impact of the coronavirus outbreak on economic activity in China, the world's top consumer of the red metal. Three-month copper on the London Metal Exchange was down 0.3% at $5,797 a tonne by 0252 GMT.

  • Coronavirus infections slow in China as global economic impact spreads

    • BY Reuters|
    • 10:17 PM ET 02/17/2020

    The number of new coronavirus cases in mainland China fell below 2,000 on Tuesday for the first time since January but the virus remains far from contained, as its economic impact spreads globally with South Korea announcing an economic emergency.

  • S.Korea's Moon flags steps for virus-hit economy, boosting rate cut expectations

    South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavrius outbreak, boosting expectations of further monetary easing.

  • Family says government did not protect young girl murdered in Mexico City

    • BY Reuters|
    • 10:00 PM ET 02/17/2020

    Relatives of a seven-year-old girl murdered in Mexico said on Monday the government had failed to protect her despite their pleas, while President Andres Manuel Lopez Obrador appeared to blame the crime on neo-liberal economics. Fatima Cecilia Aldrighett went missing on Feb. 11. Sonia Lopez, Aldrighett's aunt, said the girl could have been found alive if authorities had listened to the family.

  • Nikkei falls to two-week low as Apple warning hurts technology stocks

    Japanese stocks fell to two-week low on Tuesday, dragged down by tech companies after Apple Inc (AAPL) warned it was unlikely to meet its sales target for the March quarter as the coronavirus outbreak hurt production and demand in China.

  • Australia, NZ dollars swoon as economic costs of epidemic mount

    The Australian and New Zealand dollars were jolted lower on Tuesday as a production warning from Apple (AAPL) highlighted the mounting economic costs of the coronavirus and spooked investors across Asia. The Aussie weakened 0.4% to $0.6687, towards its recent decade trough at $0.6657. The failure on Monday to clear resistance around $0.6733 also likely encouraged technical selling of the currency.

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