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European stocks shrug off coronavirus fears

Reuters
LONDON/TOKYO (Reuters) – European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London,......
Reuters - Business

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB

Reuters
TOKYO (Reuters) – Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be traveling over the week-long holiday. FILE PHOTO: An investor uses his mobile phone in......
Reuters - Business

Euro near seven-week low after ECB; China virus worries linger

Reuters
TOKYO (Reuters) – The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while anxiety over China’s coronavirus outbreak propped up the safe-haven yen. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank......
Reuters - Business

Euro near seven-week low after ECB; virus fears support yen

Reuters
TOKYO (Reuters) – The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China’s coronavirus outbreak propped up the safe-haven yen. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank......
Reuters - Business

Westpac economists now see RBA delaying rate cut to April

Reuters
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray SYDNEY (Reuters) – Analysts at Westpac Banking Corp (WBC.AX) now expect the Reserve Bank of Australia (RBA) will......
Reuters - Business

United says does not expect to fly the 737 MAX this summer

Reuters
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo (This Jan. 22 story corrects attribution in first and second paragraphs to Chief Commerical Officer Andrew Nocella from President Scott Kirby) CHICAGO......
Reuters - Business

United States cautions Britain over Huawei

Reuters
DAVOS/LONDON (Reuters) – The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth. The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020.......
Reuters - Business

Virus fears keep stocks red; ECB gets ready to rethink

Reuters
LONDON (Reuters) – World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December......
Reuters - Business

Australia’s Westpac hires ‘Mack the knife’ McFarlane to chair crisis-hit bank

Reuters
SYDNEY/HONG KONG (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) named a former Barclays (BARC.L) boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country’s biggest money-laundering scandal. FILE PHOTO: John McFarlane, Chairman of Barclay’s, takes part in a panel during the......
Reuters - Business

Britain says Huawei alternatives are limited, decision soon: minister

Reuters
The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann LONDON (Reuters) – Britain will soon decide what role China’s Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday. “Well......
CBS US News

C-130 crash: Three Americans killed in crash of C-130 air tanker battling Australian wildfires

CBS News
CBS News – For more and to sign up click here Sydney, Australia — Three Americans died Thursday when a C-130 Hercules aerial water tanker crashed while battling wildfires in southern Australia, officials said. The plane came down in the Snowy Monaro region of Australia’s New South Wales state. The......
Reuters - Business

Australia’s Westpac hires former Barclays chairman to tide over crisis

Reuters
SYDNEY (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) on Thursday named a former Barclays (BARC.L) boss as chairman, entrusting veteran banker John McFarlane with the task of helping to steer it through the fallout of a massive money-laundering scandal. FILE PHOTO: John McFarlane, Chairman of Barclay’s, takes part in a......
Reuters - Business

Explainer: Global airlines on high alert as virus outbreak spreads

Reuters
(Reuters) – Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China. Passengers wearing masks are seen at the terminal hall of the Beijing Capital International Airport, in Beijing, China January 23, 2020. REUTERS/Martin Pollard Here’s an explainer on the airline industry’s response to......
Reuters - Business

Commonwealth Bank of Australia’s pension arm hit with another class-action lawsuit

Reuters
FILE PHOTO: The logo for the Commonwealth Bank of Australia adorns their head office in central Sydney, Australia, October 12, 2017. REUTERS/David Gray/File Photo (Reuters) – Commonwealth Bank of Australia (CBA.AX) said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting......
Reuters - Business

Australia’s scandal-hit Westpac names veteran banker John McFarlane as chairman

Reuters
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray (Reuters) – Westpac Banking Corp (WBC.AX) on Thursday named banking veteran John McFarlane as chairman-elect, entrusting the former......
Reuters - Business

Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 – sources

Reuters
HONG KONG (Reuters) – Bank of America Corp (BAC.N) will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said. FILE PHOTO:......
Reuters - Business

Asian stocks bounce as investors welcome China virus response

Reuters
SINGAPORE (Reuters) – Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism. An investor looks at a stock quotation board at a brokerage......
Reuters - Business

Yuan, Australian dollar struggle to wipe off coronavirus concerns

Reuters
TOKYO (Reuters) – The yuan dipped and the Australian dollar hit a six-week low on Wednesday as investors feared the outbreak of a new coronavirus in China could create more headaches for the Chinese economy, which is already slowing because of the U.S.-China trade war. A Japanese 1,000 yen banknote......
Reuters - Business

Asian stocks arrest slide but investors on edge over China virus

Reuters
SINGAPORE (Reuters) – Asian share markets steadied on Wednesday as investors took stock of the spread of a new strain of coronavirus from China and weighed the possible consequences of a global pandemic. An investor looks at a stock quotation board at a brokerage office in Beijing, China January 3,......
CNBC Business

Netflix Q4 2019 earnings report used Google Trends to show The Witcher’s popularity

CNBC
CNBC – For more and to sign up click here Netflix’s ‘The Witcher’. Source: Netflix Netflix didn’t have much to say about its new streaming competition in its fourth-quarter earnings report. Instead it let a Google Trends chart do the talking. The chart, which Netflix included in its quarterly letter......

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