February 12, 2020

S&P 500, Dow hit all-time highs as coronavirus spread slows

The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in […]
February 12, 2020

Gucci owner Kering halts spending in China on virus fears

Gucci-owner Kering has temporarily shut half of its stores in China, and shelved new openings and advertising campaigns there, as the coronavirus outbreak throws luxury brands […]
February 12, 2020

Nissan sues Ghosn for damages, risks plunging to loss

Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the […]
February 12, 2020

Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead

Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street […]
February 12, 2020

Organisers poised to call off Mobile World Congress: sources

Organisers of the Mobile World Congress (MWC) will decide on Wednesday whether to cancel the event, two sources said, after several major European telecom companies pulled […]
February 12, 2020

Oil rises 3% as fall in new coronavirus cases in China eases fuel demand concerns

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

Alstom board meeting to decide on bid for Bombardier rail business: source

French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a source […]
February 12, 2020

Telecoms group Orange to also pull out from Mobile World Congress: source

French telecoms group Orange has also decided to pull out of the Mobile World Congress telecoms event in Barcelona due to concerns over the coronavirus, said […]
February 12, 2020

Oil jumps as fall in new China coronavirus cases eases fuel demand concerns

Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand […]
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