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February 26, 2020

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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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Reuters - Business

Delta cutting flights to South Korea; JetBlue waives U.S. change fees

Reuters
by Reuters011
WASHINGTON (Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. FILE PHOTO: Delta airlines logo is seen inside of the Commodore Arturo......
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Reuters - Business

Delta Air waives travel change fees for South Korea as coronavirus spreads

Reuters
by Reuters04
FILE PHOTO: Delta Airlines jets sit at terminal at Reagan National Airport outside Washington in this August 19, 2004 file photo. REUTERS/Larry Downing/File Photo (Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday it has expanded its travel change fee waiver to include Seoul, South Korea, through April 30,......
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Reuters - Business

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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CNBC Business

Egyptian billionaire Naguib Sawiris on coronavirus impact

CNBC
by CNBC012
CNBC – For more and to sign up click here Egyptian billionaire Naguib Sawiris, executive chairman of Orascom Telecom. Simon Dawson | Bloomberg | Getty Images Disruptions caused by the coronavirus will cause the world’s economy to shrink if the outbreak continues, Egyptian billionaire Naguib Sawiris said this week. “If......
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Reuters - Business

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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Reuters - Business

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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Reuters - Business

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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Reuters - Business

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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Reuters - Business

U.S. airlines, hotels extend rebooking options as coronavirus spreads

Reuters
by Reuters03
(Reuters) – U.S. airlines and hotels are extending options for customers to rebook travel to a growing list of countries, including Italy, as coronavirus cases spiked outside of China and sparked fears of a global pandemic. The United States told Americans on Tuesday to begin preparing for the coronavirus to......
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Reuters - Business

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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Reuters - Business

Chinese consumers snap up yoga mats, video games, condoms as coronavirus keeps them at home

Reuters
by Reuters03
BEIJING/SEOUL (Reuters) – As the coronavirus epidemic keeps hundreds of millions of Chinese stuck at home, they’re shopping online to stave off boredom with games for Nintendo’s (7974.T) Switch console, yoga mats, books and condoms all showing big jumps in orders. People wear face masks as they walk in a......
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Reuters - Business

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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CNBC Business

Delta, American waive change fees for South Korea flights

CNBC
by CNBC03
CNBC – For more and to sign up click here Delta’s first Airbus A350 in Atlanta. Leslie Josephs | CNBC Delta Air Lines and American Airlines on Monday said they would waive cancellation and change fees for travelers booked to South Korea as the coronavirus spreads beyond China. Earlier on......
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Reuters - Business

K-pop sensation BTS’ label picks JPMorgan, others for IPO: media

Reuters
by Reuters03
SEOUL (Reuters) – Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan (JPM.N), NH Investment and Securities (005940.KS) and others to handle its initial public offering (IPO), according to media reports. Goods of K-pop idol boy band BTS are seen on display at a......
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Reuters - Business

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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Reuters - Business

United Airlines suspends 2020 guidance on coronavirus uncertainty

Reuters
by Reuters02
FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren (Reuters) – United Airlines Inc (UAL.O) on Monday withdrew its full-year 2020 guidance, citing heightened uncertainty over how the duration and spread of the coronavirus to other regions could......
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Reuters - Business

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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Reuters - Business

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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Reuters - Business

Oil prices drop 4% on demand concerns as virus spreads

Reuters
by Reuters04
LONDON (Reuters) – Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand. Global shares also extended losses as worries about the impact of the virus grew, with the number of infections jumping in......
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