A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world's biggest importer of fuel.
Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc.
Investment Executive | Greg Dalgetty | Jan 31, 2020 Firms also can use technology to facilitate client onboarding and to make client reporting more engaging and interactive The Canadian Securities Administrators’ (CSA) revised client-focused reforms (CFRs), published last November, could give financial advisory firms a kick in the pants when it comes to implementing new
Alphabet Inc's new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google's advertising business and the new data about YouTube and Google Cloud broadly disappointed.
A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.
Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year.
Shares of budget airline AirAsia Group and its long-haul subsidiary, AirAsia X , fell in early trade on Tuesday after the group's CEO Tony Fernandes and Chairman Kamarudin Meranun said they would step aside for two months.
Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although sentiment remained fragile with oil near 13-month lows.
The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
Shares of Asian companies in Tesla Inc's battery supply chain surged on Tuesday after Panasonic Corp's report on the first profit at its battery venture with Tesla boosted investor confidence in the U.S. electric vehicle (EV) maker.
AirAsia Group Bhd's Tony Fernandes on Tuesday denied a now-defunct Formula 1 racing team formerly co-owned by him had any links to a bribery scandal involving the Malaysian airline's only plane supplier, Airbus SE .
French carmaker Renault will extend a shutdown at its factory in China's Wuhan until Feb. 13, in line with the Chinese government's guidance over the coronavirus for workers in the city and extended Lunar New year holidays, a spokeswoman said on Monday.
Ryanair chief executive Michael O'Leary on Monday said his airline was coming to the stage when it would make sense to slow its target growth rate to 4-5% per year rather than its peak growth rates of 8-9% percent.
OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil demand, two OPEC sources and a third industry source familiar with discussions said.
Goldman Sachs downgraded ExxonMobil to "sell" following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half of its targeted returns by 2025.