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February 26, 2020

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JPMorgan names veteran Gori as new Asia Pacific chief executive

Reuters
by Reuters01
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) on Thursday named veteran Filippo Gori as its new Asia Pacific chief executive officer to oversee......
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Asian stocks slide deeper as pandemic fears grow

Reuters
by Reuters01
SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds. FILE PHOTO: A man wearing a surgical mask walks past a screen showing Shanghai Composite index and Nikkei index......
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World shares slump for fifth day, bets grow on interest rate cuts to counter damage

Reuters
by Reuters010
LONDON (Reuters) – World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health authorities warned of a possible coronavirus pandemic. FILE PHOTO: A passerby walks past in front of a......
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Panasonic to exit solar cell production at Tesla’s NY plant; ops unaffected, NY says

Reuters
by Reuters07
TOKYO/LOS ANGELES (Reuters) – Panasonic Corp (6752.T) plans to exit solar cell production at Tesla Inc’s (TSLA.O) New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric vehicle (EV) maker’s exclusive battery supplier nears its end. FILE PHOTO: The Panasonic booth is......
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Pandemic fears jolt stock markets, bonds rally

Reuters
by Reuters08
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A passerby walks past in front of a stock quotation board......
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Panasonic poised to withdraw from solar cell production at Tesla’s NY plant: sources

Reuters
by Reuters02
FILE PHOTO: The Panasonic booth is shown during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus TOKYO/LOS ANGELES (Reuters) – Japan’s Panasonic Corp (6752.T) is considering pulling out of solar cell production at Tesla Inc’s (TSLA.O) plant in New York, said people with direct knowledge......
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Asian shares slump, bonds rally as virus fears grow

Reuters
by Reuters03
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A passerby walks past in front of a stock quotation board......
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Asian stocks, Treasury yields fall as pandemic fears intensify

Reuters
by Reuters05
TOKYO (Reuters) – Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. FILE PHOTO: A man walks past an electronic display showing Asian markets indices......
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Deere taps tractor-hailing tech in bid to break ground in Africa

Reuters
by Reuters017
NANYUKI, Kenya/JOHANNESBURG (Reuters) – It’s ride-hailing, farm style. Deere & Co. (DE.N) is teaming up with the “Uber of tractors” in Africa and betting on a future where farmers summon machines with the touch of a button. The world’s leading farm equipment maker is outfitting its tractors with startup Hello......
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Global stocks pause after coronavirus shakeout

Reuters
by Reuters05
LONDON (Reuters) – Global stock markets stabilised on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce after the previous day’s sharp selloff on fears about the spreading coronavirus. FILE PHOTO: The London Stock Exchange Group offices are seen in the City......
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China’s main manufacturing hubs reboot after virus shutdown

Reuters
by Reuters03
BEIJING/SHANGHAI (Reuters) – As many parts of China ease coronavirus travel curbs, main manufacturing hubs in the east and south are seeing hundreds of thousands of migrant workers returning to work and more traffic on the roads during rush hours. FILE PHOTO: Traders buy and sell chips and components on......
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China’s Didi to launch Japan food delivery service from April

Reuters
by Reuters05
Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING (Reuters) – China’s ride hailing company Didi Chuxing plans to launch a food delivery service in Japan from April, the firm, backed by SoftBank Group Corp (9984.T), said on Tuesday, as......
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Japan shares dive, bond markets bet virus will force rate cuts

Reuters
by Reuters02
SYDNEY (Reuters) – Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage......
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Stocks, oil tumble; gold spikes as virus fears grip markets

Reuters
by Reuters04
NEW YORK (Reuters) – Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the......
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European shares suffer worst day since 2016 as virus spreads

Reuters
by Reuters05
LONDON (Reuters) – Europe’s share markets suffered their biggest slump since mid- 2016 on Monday, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds. The German share price index DAX graph is pictured at the......
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Take Five: ‘Our currency, your problem’ – all over again

Reuters
by Reuters09
(Reuters) – FILE PHOTO: U.S. dollar banknotes are pictured at a currency exchange office in Diyarbakir, Turkey, November 17, 2017. REUTERS/Sertac Kayar 1/ KING DOLLAR The dollar juggernaut rolls on. The U.S. currency =USD has rocketed to a near three-year high versus the euro, a 10-month high against the yen......
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Italy’s UniCredit says Mustier to stay on as CEO

Reuters
by Reuters09
FILE PHOTO: Unicredit bank CEO Jean Pierre Mustier poses during the shareholders meeting in Rome, Italy, January 12, 2017. REUTERS/Remo Casilli/File Photo MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that......
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Shares drop, gold surges as coronavirus fears trigger flight for safety

Reuters
by Reuters04
SYDNEY (Reuters) – Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak. FILE PHOTO: An investor is reflected in......
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Exclusive: If Lebanon needs financial aid, France will be there, finmin says

Reuters
by Reuters05
RIYADH (Reuters) – France is ready to support Lebanon financially – bilaterally or multilaterally – its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region. FILE PHOTO: French Finance and Economy Minister Bruno Le Maire......
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G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup

Reuters
by Reuters07
RIYADH (Reuters) – Finance chiefs of the world’s top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021. The Group of 20 (G20)......
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