February 12, 2020

Stocks gain as China says fewer new coronavirus cases

Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will […]
February 12, 2020

Oil rises over 3% as demand worries ease amid fewer new coronavirus cases

Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel […]
February 12, 2020

Mobile World Congress called off over coronavirus fears

The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was cancelled on Wednesday after a mass exodus […]
February 12, 2020

Fed Chair Powell: ‘no reason’ rising wages, job gains can’t continue

Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year. Powered by […]
February 12, 2020

Fed’s Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal […]
February 12, 2020

S&P 500, Dow clinch fresh highs as new coronavirus cases drop

The S&P 500 and Dow Jones Industrials hit all-time highs on Wednesday, lifted by optimism that the coronavirus epidemic will be contained. Powered by WPeMatico
February 12, 2020

Wells Fargo ends forced arbitration for sexual harassment claims

Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately. […]
February 12, 2020

New coronavirus: what markets should watch now

World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China’s announcement that new cases […]
February 12, 2020

BASF picks German state of Brandenburg as battery materials production site

Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a 400 […]
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