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Asian stocks crash as pandemic concerns intensify

SINGAPORE- Oil and Asian share markets continued to hit lower grounds on Thursday as the fast-paced contagion of the novel coronavirus brought market sentiment down and made investors seek safe-haven assets. The MSCI’s broadest index ...
27.02.2020

Oil prices sink as nCoV contagion reaches greater scope

TOKYO- Oil prices hit a five-day low on Thursday, its lowest performance since January 2019. Such inactivity was brought by increasing rate of coronavirus diagnosis outside China which intensified investors’ fears that the contagion will ...
27.02.2020

South Korea keeps rates steady despite coronavirus risks

The Central Bank of South Korea kept its rates steady and unmoved on Thursday, killing hopes for monetary easing, despite the glaring coronavirus risks as it continues to spread in the country, threatening to hurt the fourth-largest economy ...
27.02.2020

New Zealand business sentiment drops amid coronavirus concerns

New Zealand’s business outlook in January had dropped as the coronavirus outbreak in China and abroad piled on concerns over global economic growth, according to an ANZ Bank survey on Thursday. The survey showed that a net 19.4% of participants ...
27.02.2020

China’s CATL to raise $2.85 billion to fund battery projects

China’s CATL to raise $2.85 billion to fund battery projects China’s leading vehicle battery manufacturer CATL said that it would be raising over 20 billion Yuan ($2.85 billion) in order to fund its battery production and storage ...
27.02.2020

Box Inc predicts first-quarter revenue will beat analyst forecasts

Box Inc. predicted its first-quarter revenue to beat Street estimates due to higher demand for its online software products, causing its shares to gain 9% in extended trading. The company beat fourth-quarter profit and revenue, lifted by its ...
27.02.2020

European stocks fall again over virus fears

European shares dropped again on Thursday, with a deeper hit for travel stocks due to a sudden rise in coronavirus cases outside China. This news heightened fears on its impact on global growth. Many blue-chip companies released profit warnings, ...
27.02.2020

Oil advances on short-covering despite heavy coronavirus concerns

TOKYO- Oil prices positively performed on Wednesday as investors resorted to short-covering after three sessions of inactivity. Gains were recorded even as novel coronavirus contagion continues to bring worries that its further spread may lead ...
26.02.2020

Disney CEO Bob Iger steps down, new Bob takes over as chief executive

Walt Disney announced on Tuesday that Bob Iger is stepping down as chief executive officer, with Bob Chapek taking the helm of the operations of the giant studio. However, Bob Igers will remain to hold a special leadership role taking on the ...
26.02.2020

Dollar slides, loses safe haven status

The dollar slipped on Wednesday as investors question its relative strength, together with other US financial assets, as central bank imposed rate cuts and health officials warned of a potential domestic virus outbreak. The dollar’s index ...
26.02.2020

Thailand reports worse-than-expected January factory output, down by 4.6%

Thailand reports worse-than-expected January factory output, down by 4.6% Thailand reported its manufacturing production index (MPI) for January which dropped sharply for a ninth-straight month. The country’s PMI, which slid 4.59% lower ...
26.02.2020

Hong Kong announces $15.4 billion relief package to boost economy

Hong Kong announces $15.4 billion relief package to boost economy Hong Kong Financial Secretary Paul Chan announced on Wednesday a HK$120 billion ($15.4 billion) relief package in an attempt to bolster the country’s economy amid the coronavirus ...
26.02.2020

Asian shares underperform, bonds soar as nCoV anxiety presses

TOKYO- Asian shares sunk down on Wednesday after the United States warned that further spread of novel coronavirus may end up as a global emergency. The announcement dragged Wall Street and tied earnings on safe-haven Treasuries to low grounds. ...
26.02.2020

Hong Kong banks suffer poor asset quality, loan growth due to coronavirus risks

Banks in Hong Kong are faced with two quarters of slow loan growth and declining asset quality due to the coronavirus outbreak’s impact on consumer banking. The Asian financial hub, including HSBC and Standard Chartered, are experiencing ...
26.02.2020

Oil recuperates but lurking nCoV anxiety restricts earnings

TOKYO- Oil recovered from underperformance as investors sought safety in bargains after crude prices lost 4% in previous trading session. However, lurking fears that larger coronavirus contagion could inflict more damage to economy restricts ...
25.02.2020

Asian shares seek for momentum as S&P futures recover

SYDNEY- Asian share markets tried to find and gain momentum after earnings from early session declined and Wall Street futures soared far from its previous inactivity. The positive performance eased investors’ wariness brought by the ...
25.02.2020

Growing coronavirus fears propel dollar to a three-year high

The U.S. dollar index surged to a three-year high amid the unyielding coronavirus fears, and it continues to hound financial markets forcing investors to run to the safe-haven dollar. Investment assets that are time-tested and shockproof amid ...
25.02.2020

Japanese finance minister Taro Aso keeps close eye on market volatility

Japanese finance minister Taro Aso said that he was closely watching market volatility when Asian shares dropped due to rising fears on the economic impact of the coronavirus spread, which is said to be larger than expected. Aso declined to ...
25.02.2020

S&P 500 drops to its lowest since 2018 over coronavirus fears

The S&P 500 dropped to its lowest in two years on Monday when a sudden rise in coronavirus cases outside China caused investors to worry about valuation after the recent highs. The S&P 500’s 3.5% drop was its heaviest fall in ...
25.02.2020

Asian stocks steady in decline as investors await clarity on pandemic risk

Asian stocks steady in decline as investors await clarity on pandemic risk Asian stock markets steadied in decline on Tuesday after an easing global sell-offs and a brief jump in Wall Street markets. According to the Wall Street Journal, market ...
25.02.2020
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