Break'n News - World and US News, Headlines, business, politics and more
56.12 F
New York
April 7, 2020
Home » Hong Kong

Hong Kong

Reuters - Business

Hopes of progress against virus lift stocks, weigh on dollar

Reuters
NEW YORK (Reuters) – World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors’ appetite for risk. Oil prices climbed on hopes of a deal to decrease supply, while the euro......
Reuters - Business

Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter

Reuters
TOKYO (Reuters) – A Hong Kong-based activist investor in Toshiba Corp (6502.T) has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters.......
Reuters - Business

Coronavirus hopes propel stocks, euro higher

Reuters
LONDON (Reuters) – World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and more liberal helpings of stimulus kept investors charging back in. FILE PHOTO: The German share price index DAX graph is......
Reuters - Business

Stocks jump as COVID deaths slow; oil falls on OPEC+ delay

Reuters
NEW YORK/LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world’s hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again. Equities investors were encouraged as......
Reuters - Business

HSBC HK shareholders mull legal action over dividend suspension

Reuters
HONG KONG (Reuters) – HSBC (HSBA.L) shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank’s decision to scrap dividend payments. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S.,......
Reuters - Business

Stocks jump on virus hopes, oil hit by OPEC+ delay

Reuters
LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major......
Reuters - Business

Oil slips on oversupply fears, but stocks jump on virus slowdown hopes

Reuters
SYDNEY (Reuters) – Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. FILE PHOTO: A pump jack operates in front of a drilling rig at sunset......
Reuters - Business

Oil skids on oversupply fears, stocks jump on virus slowdown

Reuters
SYDNEY (Reuters) – Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. FILE PHOTO: A pump jack operates in front of a drilling rig at sunset......
Reuters - Business

Grounded planes insured for more than $160 billion: report

Reuters
FILE PHOTO: A general view of planes on the tarmac at Madrid’s Barajas Airport, in Madrid, Spain February 3, 2020. REUTERS/Susana Vera? LONDON (Reuters) – Aeroplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday.......
Reuters - Business

Oil majors slash 2020 spending by 20% after prices slump

Reuters
LONDON (Reuters) – The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. FILE PHOTO: The sun is seen behind......
CNBC Business

Odette in Singapore is Asia’s best restaurant for two years in a row

CNBC
CNBC – For more and to sign up click here It’s easier to book a table at Asia’s best restaurant. But it definitely helps to already be in Singapore. Odette was named the top restaurant in Asia, earning the coveted prize for the second year in a row when Asia’s......
Reuters - Business

Asia shares inch up, China’s factories show flicker of life

Reuters
SYDNEY (Reuters) – Asian shares were closing out a calamitous quarter with a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity, even as much of the rest of the world shut down. China’s official manufacturing purchasing managers’ index (PMI) bounced......
Reuters - Business

Asia shares edge up, China factories show flicker of life

Reuters
SYDNEY (Reuters) – Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down. China’s official manufacturing purchasing managers’ index (PMI) bounced to 52.0 in March, up from......
Reuters - Business

Asia shares suffer virus chills, central banks offer cold comfort

Reuters
SYDNEY (Reuters) – Asian shares slipped on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the......
Reuters - Business

Asia shares suffer virus chills, central banks offer what they can

Reuters
SYDNEY (Reuters) – Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the......
Reuters - Business

Asia shares under threat as futures fall early

Reuters
SYDNEY (Reuters) – Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. FILE PHOTO: Passersby wearing protective face masks following an outbreak of......
CNBC Business

Israel, China, Singapore use surveillance tech to track Covid-19

CNBC
CNBC – For more and to sign up click here From Israel to South Korea to China, governments around the world are using technology to track the coronavirus outbreak as they race to stem its spread. But how long will it last and is this an infringement of privacy, rights......
Reuters - Business

Asia stocks ride stimulus hopes higher but dollar left behind

Reuters
TOKYO (Reuters) – Asian stocks rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a......
Reuters - Business

Big banks reassure staff about potential job cuts

Reuters
(Reuters) – Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back. FILE PHOTO: A sign is displayed on the Morgan......
Reuters - Business

Oil majors slash 2020 spending 20% after prices slump

Reuters
LONDON (Reuters) – The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. FILE PHOTO: The sun is seen behind a......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More