January 29, 2020

Fed likely to keep interest rates on hold, focus on balance sheet

The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible […]
January 29, 2020

China flexes oil refining muscle, upping pain for Asian rivals

China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its […]
January 29, 2020

Oil gains amid assessment of China virus impact, possible OPEC supply cuts

Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if […]
January 29, 2020

Tim Hortons pulls Beyond Meat products from Ontario, British Columbia

Restaurant Brands International Inc’s Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s products from its coffee and donut shops in the Canadian provinces […]
January 29, 2020

Asian shares turn red as Hong Kong tumbles on China virus

Asian shares erased earlier gains on Wednesday, swinging into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled […]
January 29, 2020

Foxconn says plans in place to meet production obligations after virus outbreak

TAIPEI – Apple Inc supplier Foxconn said it could continue to meet all manufacturing obligations in the wake of a coronavirus outbreak in China even as […]
January 29, 2020

Oil rises as investors take stock of economic hit from virus

Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day fall on talk OPEC could extend oil cuts if a […]
January 29, 2020

Renault turns to VW’s De Meo as car maker seeks fresh start

Renault’s Tuesday named Luca de Meo, the former head of Volkswagen’s Seat brand, as its next chief executive, as the car maker looks to draw a […]
January 29, 2020

JPMorgan plans to cut hundreds of jobs in consumer unit: Bloomberg

U.S. bank JPMorgan Chase & Co is planning to cut hundreds of jobs across its consumer division, Bloomberg reported https://bloom.bg/2GsDvzw on Tuesday, citing people briefed on […]
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