British stocks edged higher on Monday, with companies sensitive to Chinese demand getting a boost from the country's efforts to limit the economic fallout from the deadly coronavirus. The FTSE 100 rose 0.3% to 7430.20, helped by gains by HSBC Holdings, which rose 1.2%; oil giant BP, which rose 1.6%; and miner BHP Group, which rose 1.5%. China took another step to boost its economy, with the People's Bank of China cutting its one-year lending rate, as the finance minister said the country...
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus. The Geneva-based trade body said its goods trade indicator fell to 95.5 from the 96.6 reading reported in November.
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus. The WTO said that, based on a decline of its trade outlook indicator, year-on-year merchandise trade growth may fall again in the first quarter of 2020.
Copper prices climbed to
three-week peaks on Monday after top consumer China cut interest
rates to offset the economic damage from the coronavirus, though
worries over demand for industrial metals ...
* European shares, DAX hit record highs. * Beijing pledges tax, fee cuts. * Euro zone bond yields edge up. By Ritvik Carvalho. 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. Trading is expected to be light, with U.S. stocks and bond markets shut for a public holiday.
Things were just starting to look up for China's small businesses in late 2019. Now, two new threats have emerged: A dangerous new coronavirus is spreading through the nation and Chinese officials have shut down much of the country to try to curb infections. The unprecedented quarantine measures probably have helped slow the spread, but at an enormous cost--particularly in Hubei province, where the epidemic is centered. If China doesn't get back to work soon, the damage to small...
* Euro near 33-month low as growth stagnates. * Dollar holds recent gains; quiet start to shortened week. * Yen shows limited response to poor Japanese GDP data. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh.
Rio Tinto PLC (RIO) said Monday that it expects lower iron-ore shipments from its Pilbara operations in western Australia, which have been hit by Tropical Cyclone Damien. Rio Tinto's shipments from Pilbara are now expected to be between 324 million and 334 million metric tons, down from its previous guidance of between 330 million and 343 million tons. Iron-ore operations at Rio Tinto's Pilbara sites are progressively resuming after the passing of the cyclone, but a return to normal...
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.
The forint firmed to a new
four-week high on Monday following a hawkish verbal intervention
by the National Bank of Hungary (NBH) last week and a change in
the outlook on the country's debt to ...
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