Finance

by | February 12, 2020 | 14:39

During the 2002-03 outbreak of SARS, an illness caused by a related virus, a number of infections in Hong Kong were linked to one building's sewage pipes. Including China, more than 45,100 people worldwide have been infected with the virus. The new disease was officially named Covid-19 by the World Health Organization on Tuesday, as countries continued to impose travel restrictions meant to curb the spread of the virus.

by | February 12, 2020 | 12:59

It's quite evident that the fatal Coronavirus epidemic is sure to take a toll over China's smartphone sales but it's also going to put a major damper on the overall global sales of smartphones . According to TrendForce, the main production center of the South Korean technology giant in Vietnam will cause it to suffer less from the virus outbreak than other manufacturers.

by | February 12, 2020 | 07:09

The ruling is also a victory for Dish Network Corp.co-founder and Chairman Charlie Ergen, who is buying assets from the two carriers to set up a new wireless network. Another judge still needs to approve that settlement, a process that is usually straightforward but has taken longer than expected . T-Mobile also has to rent its network to Dish while the fledgling rival built its own.

by | February 11, 2020 | 18:37

Construction added an average of 12,000 jobs per month in 2019. That dropped London's unemployment rate by 0.6 per cent to 5.0. "(It's a) pretty solid number seeming to indicate that the Canadian economy isn't losing too much steam, so a positive start to the year in that regard", said Josh Nye, a senior economist with RBC Economics.

by | February 11, 2020 | 17:21

Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10% of the factory's workforce has managed to return so far, a source told Reuters .

by | February 06, 2020 | 21:36

Ryanair (NASDAQ: RYAAY ) has made an offer for an undisclosed number of 737 MAX 10 jets, a larger model than the MAX 200 model the Irish airline now has on order, CEO Michael O'Leary said on a conference call. The company said: "Due to these delivery delays, we won't see any of these cost savings until late FY21". The budget airline, which is based in Ireland and carries more passengers than any other airline in Europe, intends to extend its target of flying 200 million people per year ...

by | February 06, 2020 | 08:51

The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes. As a result, goods imports rebounded sharply in December, boosting the trade deficit 11.9% to $48.9 billion that month.

by | February 05, 2020 | 18:53

As the only place in China where gambling is allowed, Macau's casinos account for about 80 per cent of government revenue. In case the issue of the outbreak is still a problem by that time, the region's casinos will remain closed until further notice .

by | February 05, 2020 | 18:40

At about noon Wednesday, a second avalanche trapped the rescue teams. "I was halfway buried in snow", he said. The victims include military police officers, government-paid village guards, firefighters and volunteers, Van Gov. He was hospitalized after being "half-buried" in the snow, and dragged down alongside an excavator that had toppled over as the snow slid down, he told the AP.

by | February 05, 2020 | 14:24

The Chinese economy has already slowed due largely to a almost two-year-long tit-for-tat trade war with the United States, making it more hard for the nation's smaller companies to raise capital, analysts say. As China continues to lurch violently from the spreading coronavirus, the world is looking forward to a familiar body to jump in and save the day: in this case a central bank i.e.

by | February 05, 2020 | 08:28

With Britain's formal exit from the bloc on Friday night, many Britons had hoped to finally put the Brexit nightmare behind them . He said there was "complete certainty" a deal will be finished by the end of 2020. BORIS JOHNSON is on a collision course with Brussels over trade after setting out a competing vision for Britain's future relationship with the bloc.

by | February 05, 2020 | 02:23

As of Tuesday, at least 425 people, the majority in mainland China, have died from the coronavirus since it was first detected in December in the central Chinese city of Wuhan , with the total number of confirmed infections exceeding 20,000.

by | February 04, 2020 | 17:39

The suit also accused Bezos and Lauren Sanchez of keeping their affair a secret based on the advice of a psychic. The outlet published a story including leaked text messages between Bezos and Lauren earlier a year ago, outing their relationship while they were both still married to other people.

by | February 04, 2020 | 15:23

Gold, which posted its best month in five in January, was last up 0.1 percent at $1,591.26 while yields on USA debt lingered near five-month lows as the United States, Japan and other countries tightened travel curbs to China, where the death toll from the virus rose to 213.

by | February 04, 2020 | 14:39

As the Lunar New Year holiday has been extended in much of China and travel restrictions are in place factories, offices and shops remain shut. Sinopec Group, the nation's biggest refiner, is in the process of reducing runs at its plants by an average of about 13-15% and will review whether further cuts are needed February 9, according to one of the people.

by | February 04, 2020 | 10:13

Activity in the United Kingdom manufacturing sector unexpectedly picked up in January, hitting a nine-month high, according to data released on Monday. January saw growth of new business, output, exports, input buying and employment gather speed. "As a result, stocks of purchases grew solidly". "Manufacturers reported a sharp deterioration in supplier performance mainly due to Taal volcanic eruption mid-way through the month that led to further traffic problems of vendors", it added.

by | February 04, 2020 | 06:55

Outside mainland China, at least 180 cases have been confirmed, including one fatality, in the Philippines. Xinhua state news agency said: "Mr Xi stated that the prevention and control of the pneumonia epidemic is directly related to the people's life safety and fitness, directly related to the overall economic and social stability, and directly related to China's opening".

by | February 04, 2020 | 05:37

General Motors and Merck will report financial results on Wednesday. The Dow Jones Industrial Average opened at 28,813.04 points, down 46.40 points, or 0.16 percent. US stocks rallied on Monday, boosted by heavyweight technology shares and on surprise strength in USA manufacturing activity, following a sharp selloff last week on concerns about the economic impact from the fast-spreading coronavirus out of China.

by | February 03, 2020 | 21:55

Mathrani had announced his departure from Brookfield last month, leaving the Canadian investment manager just one and a half years after its acquisition of General Growth Properties, a retail real estate investment trust where the new WeWork CEO had served as chief executive since 2010.

by | February 03, 2020 | 21:43

The coronavirus epidemic, which has caused 362 deaths as of Sunday and infected more than 17,000 people in two dozen countries, has been declared an global emergency by the World Health Organization . Exchanges were asked to streamline corporate bond sales including by allowing financial institutions to submit materials online, in a bid to reduce the spread of the virus.

by | February 03, 2020 | 20:43

The Hospital Authority Employees Alliance (HAEA), which has about 18,000 members, said 2,400 workers took part in the strike, despite calls by the government for medical workers not to. Months of unrest a year ago in Hong Kong plunged the financial and trading hub into its worst crisis since it reverted from British to Chinese rule in 1997.

by | February 03, 2020 | 19:25

Mr Johnson said in a speech: "We want a comprehensive free trade agreement similar to Canada's but in the unlikely event that we do not succeed then our trade will have to be based on our existing Withdrawal Agreement with the European Union".

by | February 03, 2020 | 12:41

Coronavirus has now killed over 300 people with a reported 14,350 infected in China . China accounted for more than a third of the MSCI Emerging Markets Index at the end of 2019, which has dropped 10% from the January 17 highs. Shares in Shanghai No. 1 Pharmacy and China Meheco both were suspended after surging 10 percent. For example, the National Development and Reform Commission - the country's top economic planning agency - said Monday the government would "go to all lengths" to ...

by | February 03, 2020 | 10:07

A Finance Ministry official said the proposed provision in the general budget presented by Indian Finance Minister Nirmala Sitharaman on February 1 is not meant to include in the tax net those Indian citizens who are bona fide workers in other countries, the IANS report noted.

by | February 03, 2020 | 08:10

Since then the flu-like virus has spread to more than two dozen other countries and regions, with the first death outside of China reported on Sunday, that of a 44-year-old Chinese man who died in the Philippines after travelling from Wuhan.