Jump in new coronavirus cases derails stock rally
Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak's epicenter jumped sharply.
Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak's epicenter jumped sharply.
Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak's epicenter jumped.
Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world's second-largest crude consumer.
Amazon Chief Executive Jeff Bezos, the world's wealthiest person, has bought the Warner Estate in Beverly Hills from media mogul David Geffen for $165 million, the Wall Street Journal reported on Wednesday, citing people familiar with the transaction.
Airbus is negotiating a preliminary order for up to 100 A220 jets as it prepares to buy out Bombardier's minority stake in the Canadian-designed jet, industry sources said.
An Australian court on Thursday backed the A$15 billion ($10.1 billion) merger between TPG Telecom and Vodafone's Australian joint venture despite opposition from the country's competition regulator.
An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos.
A drop in airline flights from China and Hong Kong due to the coronavirus is increasing demand for private jets as wealthy passengers try to get out, executives say, but travel bans and nervous crew have kept that from translating to more business.
Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows.
Amazon Chief Executive Jeff Bezos, the world's wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday.
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.
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking.
Aerolineas Argentinas will add new flights to New York and Madrid as the government-controlled carrier seeks to ramp up sales outside its home country and boost income in an effort to beat back persistent operating losses.
A Tesla driver killed in a March 2018 crash in California while using the Autopilot driver-assistance system had reported that on prior trips, the car had steered away from the highway, the National Transportation Safety Board (NTSB) disclosed in documents made public Tuesday.
President Donald Trump reiterated his criticism that the Federal Reserve has kept interest rates too high and seemed to say the U.S. central bank's chair, Jerome Powell, had hurt stock prices during his testimony to Congress on Tuesday.