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February 25, 2020
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Oil falls 2% on renewed uncertainties over coronavirus outbreak

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LONDON (Reuters) – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February......
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Japan on brink of recession as economy contracts, virus heightens risk

Reuters
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. Analysts say the widening fallout from the epidemic, which......
Reuters - Business

U.S. January industrial output falls on weather, Boeing drop

Reuters
FILE PHOTO: An assembly line worker works on the production line at Renegade RV manufacturing plant in Bristol, Indiana, U.S., April 16, 2019. REUTERS/Tim Aeppel WASHINGTON (Reuters) – U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co (BA.N) slowed......
Reuters - Business

Fed’s Powell says economy in good place, warns on coronavirus

Reuters
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health. With risks like trade policy uncertainty receding and global growth......
Reuters - Business

Stocks fall on fears China virus to slow growth, gold gains

Reuters
NEW YORK (Reuters) – Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately. FILE PHOTO – An investor sits next to a......
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Fed says risks to economy easing, but calls out coronavirus in report to Congress

Reuters
WASHINGTON (Reuters) – A “moderately” expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress. “Downside risks to......
Reuters - Business

Growth worries on coronavirus send stocks lower at end of best week since June

Reuters
NEW YORK (Reuters) – Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately. FILE PHOTO – An investor sits next to a......
Reuters - Business

Take Five: China’s virus paralysis

Reuters
LONDON (Reuters) – Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid 1/COUNTING THE ECONOMIC TOLL The coronavirus continues to claim lives, yet the impact on global demand and companies is just starting to be felt. Recent days......
Reuters - Business

Global stocks stutter at end of best week since June

Reuters
LONDON (Reuters) – Nagging coronavirus worries took a swipe at world markets on Friday but failed to stand in the way of the best week for stocks since June and the strongest for the dollar since August. FILE PHOTO – An investor sits next to a stock quotation board at......
Reuters - Business

Defense aircraft demand lifts U.S. factory orders; underlying softness remains

Reuters
WASHINGTON (Reuters) – New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing. FILE PHOTO: Engines assembled as they make their......
Reuters - Business

Exxon, Chevron results augur tough year ahead, shares drop

Reuters
HOUSTON (Reuters) – Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. FILE PHOTO: A logo of the Exxon Mobil Corp is......
Reuters - Business

Exxon, Chevron results augur tough year ahead, shares drop 3.5%

Reuters
HOUSTON (Reuters) – Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. FILE PHOTO: A logo of the Exxon Mobil Corp is......
Reuters - Business

Exxon, Chevron results augur tough year ahead, shares drop 3%

Reuters
HOUSTON (Reuters) – Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. FILE PHOTO: A logo of the Exxon Mobil Corp is......
Reuters - Business

U.S. business investment weak; consumer confidence at five-month high

Reuters
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and remained a drag on economic growth. FILE PHOTO: The view from one of the ship-to-shore cranes at......
Reuters - Business

World shares gain as China data fuels bets on growth

Reuters
LONDON (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

Reuters
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Reuters
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port......
Reuters - Business

China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

Reuters
FILE PHOTO: A cargo ship is seen next to containers at a river port during sunset in Huaian, Jiangsu province, China September 14, 2019. REUTERS/Stringer BEIJING (Reuters) – China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with......
Reuters - Business

Oil steady ahead of data seen confirming sluggish China growth

Reuters
FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo TOKYO (Reuters) – Oil prices were steady on Friday as investors braced for data expected to......
Reuters - Business

U.S. employment growth slows; labor market tightening

Reuters
WASHINGTON (Reuters) – U.S. job growth slowed in December after surging in the prior month, but the pace of hiring is enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes. The Labor Department’s closely watched monthly......

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