Gold prices fell on Friday in Asia after the World Health Organization said the new coronavirus does not yet constitute a global emergency. Gold Futures dropped 0.3% to 1,560.45 by 1:15 AM ET (05:15 GMT). The WHO said the virus remained a local crisis for now. “Make no mistake, this is an...
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. Markets had steadied overnight, as investors took some solace...
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships. Three years into his presidency, he has done just that, using a slew of tariffs, threats, and bilateral talks to shake up relations with nearly every major U.S....
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China. Here’s an explainer on the airline industry’s response to the outbreak so far and its potential financial exposure compared to SARS in 2003, which killed nearly 800 people: WHAT IS THE...
Gold prices traded lower on Wednesday in Asia as investors assessed the risk of a global epidemic from a coronavirus outbreak in China. Gold Futures were down 0.3% to $1,552.95 by 12:40 AM ET (04:40 GMT). The safe-haven metal gained earlier this week as some fear a potential virus outbreak...
Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump. Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half, according to the most recent data...
China’s troubled Baoshang Bank will be taken over by local governments and a group of state firms, a central bank official with direct knowledge of the matter said, as Beijing looks to shore up some of the country’s weakest lenders. Financial regulators took control of Inner...
Facebook (O:FB) will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union. Over half of the new jobs will be in technology, including...
Japan’s Subaru Corp (T:7270) on Monday said it plans to electrify all its vehicles sold globally by the first half of the 2030s as part of its long-term goal to achieve a carbon-free society. Before that, the Japanese automaker said at least 40% of all of its cars sold worldwide would...
UBS Group AG (S:UBSG) is likely to have a hard time regaining ground lost in the 10 months it was banned from the big-money business of sponsoring IPOs in Hong Kong, where Chinese rivals have become formidable players, bankers and analysts said. The Swiss bank’s unprecedented year-long...
