News

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Fri, 28 Feb 2020 13:47:52 GMT

Tokyo Disneyland to be closed till mid-March

Tokyo Disneyland is set to be shut down starting this Saturday until March 15 amid fears about the coronavirus outbreak in Japan, the theme park's operator informed on Friday, adding the move will have a negative impact on the Q2 results.

Fri, 28 Feb 2020 13:13:43 GMT

Hyundai Motor closes South Korea plant amid virus

On Friday, Hyundai Motor has halted its plant in South Korea after an employee was tested positive for coronavirus, disrupting the carmaker's popular models production, such as Palisade SUV.

Fri, 28 Feb 2020 11:42:14 GMT

Rolls-Royce posts $1.1B operating loss in 2019

Aerospace engineer Rolls-Royce reported on Friday a $1.1B operating loss in 2019 due to costs of tackling durability issues with the company's Trent 1000 engine that affected the record engine deliveries and good performance.

Fri, 28 Feb 2020 10:51:26 GMT

Stocks continue to decline

On Friday, global stock indices continued to decline, as stocks were expected to book the biggest decline since the 2008-2009 financial crisis.

Fri, 28 Feb 2020 10:11:17 GMT

JPMorgan bans global travel amid coronavirus

JPMorgan Chase is restricting all non-essential travel, as it seeks to protect its staff and business against the continued spread of coronavirus, according to a Bloomberg report.

Fri, 28 Feb 2020 08:46:40 GMT

LSE aims to finalise Refinitiv deal on time

On Friday, the London Stock Exchange Group stated it would close its $27B takeover of the analytics firm Refinitiv on time in 2020 after LSE posted higher-than-expected annual income, boosted by a rise in clearing activity.

Fri, 28 Feb 2020 07:45:03 GMT

Amazon bans 1M products for false virus claims

Amazon.com has barred over 1M products from sale that inaccurately claimed to defend or cure the coronavirus, the retail giant told Reuters.

Fri, 28 Feb 2020 06:50:29 GMT

Facebook to cancel developer conference

Facebook is eager to cancel the annual developer conference scheduled on May 5-6 in California's San Jose amid fears of the coronavirus outbreak, the company's director of platform partnership said.

Fri, 28 Feb 2020 05:41:17 GMT

Microsoft shares fall on hit to its supply chain

Shares in Microsoft Corp fell as much as 4% yesterday after the tech giant warned of slowdown in the PC business, as the coronavirus outbreak hit its supply chain, according to Reuters.

Fri, 28 Feb 2020 04:43:37 GMT

Nokia shares climb on possible deals report

Nokia Oyj's shares rose as much as 1.1% after Bloomberg reported that Finland's telecom network equipment producer was exploring potential mergers and asset sales.

Fri, 28 Feb 2020 03:56:55 GMT

Hudson's Bay gets approval to become private company

Hudson's Bay Co announced it received an approval from its shareholders to transform into a private company amid the C$2.0B deal proposed by its Chairman Richard Baker.

Fri, 28 Feb 2020 03:14:12 GMT

Thyssenkrupp agrees on elevator unit sale

Thyssenkrupp has agreed on a sale of its elevators unit to the Advent-led consortium Cinven and German RAG foundation in a deal valued at $18.7B, potentially the largest buyout in the world this year.

Thu, 27 Feb 2020 20:43:34 GMT

Cargill bans all non-essential travel for employees

Cargill's spokeswoman April Nelson said on Thursday that the company has banned international travel for its staffs due to the coronavirus epidemic.

Thu, 27 Feb 2020 19:52:10 GMT

DoorDash preps to go public

On Thursday DoorDash said in a statement that it has confidentially filed a draft S-1 form to the Securities and Exchange Commission to go public.

Thu, 27 Feb 2020 19:01:30 GMT

IMF likely to lower economic growth forecast

The International Monetary Fund could lower its global economic growth outlook due to the coronavirus outbreak. IMF's spokesman Gerry Rice stated on Thursday.

Thu, 27 Feb 2020 17:45:08 GMT

Microsoft sees Windows revenue outlook to miss estimates

Microsoft stated it is unlikely to meet the quarterly revenue outlook for its personal computing business and Windows unit dut to the impact of the coronavirus outbreak, bringing its shares down over 1% on the news.

Thu, 27 Feb 2020 16:41:19 GMT

Coronavirus may delay Apple's iPhones roll-out

The coronavirus outbreak may lead to a delay of new Apple's iPhones release this fall, as travel restrictions prevent the tech giant's engineers to perfect the phone production in China before the launch.

Thu, 27 Feb 2020 15:57:47 GMT

Shares in Aston Martin fall on Thursday

On Thursday, Aston Martin's shares plunged to its record-low level after the UK luxury automaker stated its losses deepened from the last year and the CFO would step down by the April-end.

Thu, 27 Feb 2020 15:08:16 GMT

Facebook to clean up misleading ads on coronavirus

Facebook is planning to ban all the products advertisements offering any prevention or cures about the coronavirus outbreak, as well as those that escalate the situation.

Thu, 27 Feb 2020 13:55:03 GMT

Waymo, Cruise lead backlash against California

Alphabet's Waymo has joined General Motors' Cruise in a backlash against the Californian self-driving data requirements, which the companies find irrelevant.

Thu, 27 Feb 2020 13:15:40 GMT

Microsoft seeks investment in Indonesia data centres

Microsoft Corp seeks to make investments in data centres located in Indonesia that will make changes in regulations to facilitate a move, Indonesia's president stated on Thursday.

Thu, 27 Feb 2020 12:24:11 GMT

Nokia shares surge on possible deals report

On Thursday, Nokia Oyj's shares surged 1.1% after Bloomberg reported that Finland's telecom network equipment producer was exploring potential mergers and asset sales.

Thu, 27 Feb 2020 10:41:41 GMT

UK reveals trade negotiation plan

On Thursday, the United Kingdom revealed its tough negotiation stance in trade matters with the European Union.

Thu, 27 Feb 2020 10:33:26 GMT

Zalando to offer more designer brands to lift sales

Zalando, the online fashion retailer, is planning to tap more luxury and premium labels, as well as vintage clothing market with the intention to boost its sales due to a slowdown forecast in 2020.

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