Markets
India's growth slowest in seven years
- February 29, 2020
China's economic growth was 6.1 per cent in 2019 (calendar year), the slowest in about three decades. Even before the significant slowing in economic expansion in 2019, nominal GDP growth had averaged about 11 percent over the five years from 2014 to 2018. (more...)
- February 29, 2020
China's economic growth was 6.1 per cent in 2019 (calendar year), the slowest in about three decades. Even before the significant slowing in economic expansion in 2019, nominal GDP growth had averaged about 11 percent over the five years from 2014 to 2018. (more...)
Philippines mulls wider travel ban on virus-hit South Korea
- February 28, 2020
The Italy Ministry of Health is reporting 650 infected individuals with the new Sars-CoV-2 coronavirus, including 17 deaths. Friday's figure was the lowest rise in new cases since January 24, when 259 new infections were reported. The brunt of COVID-19's wrath is still in China where the virus originated and where about 94% of the cases globally have occurred. The Southeast Asian nation is among the countries that have banned the entry of Koreans and visitors from the South's city of ... (more...)
- February 28, 2020
The Italy Ministry of Health is reporting 650 infected individuals with the new Sars-CoV-2 coronavirus, including 17 deaths. Friday's figure was the lowest rise in new cases since January 24, when 259 new infections were reported. The brunt of COVID-19's wrath is still in China where the virus originated and where about 94% of the cases globally have occurred. The Southeast Asian nation is among the countries that have banned the entry of Koreans and visitors from the South's city of ... (more...)
Oil faces demand headwinds as virus impact counters OPEC curbs - Reuters poll
- February 28, 2020
There is little doubt that the coronavirus, which started in the city of Wuhan and has killed more than 2,700 people so far, will hit Chinese crude consumption this month, and likely into March and April. "The toxic combination of lower government revenues, rising consumer prices and weakening local currency is more than enough to threaten Nigeria's fragile economic recovery". (more...)
- February 28, 2020
There is little doubt that the coronavirus, which started in the city of Wuhan and has killed more than 2,700 people so far, will hit Chinese crude consumption this month, and likely into March and April. "The toxic combination of lower government revenues, rising consumer prices and weakening local currency is more than enough to threaten Nigeria's fragile economic recovery". (more...)
Home Depot's same-store sales surge in Q4
- February 28, 2020
Sales for fiscal 2019 were $110.2 billion compared to sales of $108.2bn in fiscal 2018. For the fourth quarter that ended February 2, Home Depot reported that net income rose 5.8% to $2.48 billion, or $2.28 a share, from $2.34 billion, or $2.09, a year earlier. (more...)
- February 28, 2020
Sales for fiscal 2019 were $110.2 billion compared to sales of $108.2bn in fiscal 2018. For the fourth quarter that ended February 2, Home Depot reported that net income rose 5.8% to $2.48 billion, or $2.28 a share, from $2.34 billion, or $2.09, a year earlier. (more...)
Stocks Tumble Into Correction Territory On Coronavirus Fears
- February 28, 2020
In the United States , the Centres for Disease Control and Prevention confirmed an infection in California in a person who reportedly did not have relevant travel history or exposure to another known patient. Traders are growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon. Wholesale gasoline fell 4 cents to $1.41 per gallon. (more...)
- February 28, 2020
In the United States , the Centres for Disease Control and Prevention confirmed an infection in California in a person who reportedly did not have relevant travel history or exposure to another known patient. Traders are growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon. Wholesale gasoline fell 4 cents to $1.41 per gallon. (more...)
Salesforce posts strong Q4 to cap Keith Block's tenure
- February 28, 2020
As to Tableau, which Salesforce bought previous year for almost $16 billion, the "size and scale of their community continues to be a surprise", Benioff said , even in some ways surpassing what Salesforce has been able to do with its own ecosystem. (more...)
- February 28, 2020
As to Tableau, which Salesforce bought previous year for almost $16 billion, the "size and scale of their community continues to be a surprise", Benioff said , even in some ways surpassing what Salesforce has been able to do with its own ecosystem. (more...)
U.S. facial recognition startup hit by data breach
- February 28, 2020
Clearview told The Daily Beast the vulnerability has been fixed, and that law enforcement search histories were not revealed, nor were the company's servers compromised. The startup, which raised privacy concerns after the New York Times reported on its massive photo database created by scraping public-facing photos online, reportedly had contracts with hundreds of law enforcement agencies . (more...)
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- February 28, 2020
Clearview told The Daily Beast the vulnerability has been fixed, and that law enforcement search histories were not revealed, nor were the company's servers compromised. The startup, which raised privacy concerns after the New York Times reported on its massive photo database created by scraping public-facing photos online, reportedly had contracts with hundreds of law enforcement agencies . (more...)
Wall St in correction territory on alarm over fast-spreading virus
- February 28, 2020
MSCI's gauge of stocks across the globe shed 1.31%. The index was at record highs last week, but dropped sharply on Monday and Tuesday. The NYSE Arca Airline index dropped 2% on fears about travel disruptions beyond China , while the Philadelphia SE Semiconductor index, comprised of China-exposed stocks, fell 1.5%. (more...)
- February 28, 2020
MSCI's gauge of stocks across the globe shed 1.31%. The index was at record highs last week, but dropped sharply on Monday and Tuesday. The NYSE Arca Airline index dropped 2% on fears about travel disruptions beyond China , while the Philadelphia SE Semiconductor index, comprised of China-exposed stocks, fell 1.5%. (more...)
Coolbitx raises $16M to bring financial compliance to crypto
- February 27, 2020
The round was led by SBI Crypto Investment Co., Ltd., with participation from Monex Group, BitSonic, and the National Development Fund of Taiwan. It also presents a software solution that can help digital asset assistance companies - companies that offer in digital belongings these as Bitcoin - comply with new guidelines issued previous year by the inter-governmental Fiscal Action Job Force to overcome cash laundering. (more...)
- February 27, 2020
The round was led by SBI Crypto Investment Co., Ltd., with participation from Monex Group, BitSonic, and the National Development Fund of Taiwan. It also presents a software solution that can help digital asset assistance companies - companies that offer in digital belongings these as Bitcoin - comply with new guidelines issued previous year by the inter-governmental Fiscal Action Job Force to overcome cash laundering. (more...)
Binance’s CZ Overtakes Bitmain Co-Founder in New Hurun Rich List
- February 27, 2020
Currently, China has more billionaires than the USA and India combined, said the President, and senior analyst at Hurun Report Rupert Hoogewerf. Women made up 15.7 per cent of the Hurun Rich List , marginally up from last year's 15.5 per cent. (more...)
- February 27, 2020
Currently, China has more billionaires than the USA and India combined, said the President, and senior analyst at Hurun Report Rupert Hoogewerf. Women made up 15.7 per cent of the Hurun Rich List , marginally up from last year's 15.5 per cent. (more...)
Coronavirus concerning but no reason for 'panic'
- February 27, 2020
A joint EU-WHO mission is now taking place. "An assessment and a serious forecast is not yet possible", Gentiloni told a news conference in Brussels , acknowledging that there had already been "a partial materialisation" of the downside risks posed by the epidemic. (more...)
- February 27, 2020
A joint EU-WHO mission is now taking place. "An assessment and a serious forecast is not yet possible", Gentiloni told a news conference in Brussels , acknowledging that there had already been "a partial materialisation" of the downside risks posed by the epidemic. (more...)
Diageo warns of £200m coronavirus hit as markets keep sliding
- February 27, 2020
She said that countries that supplied parts for complex products - such as cars and computers - were increasingly being affected by the outbreak. European stocks fell yet again on Wednesday amid growing fears about the spread of coronavirus and its impact on the world's major economies, with officials now warning that an outbreak in the U.S. (more...)
- February 27, 2020
She said that countries that supplied parts for complex products - such as cars and computers - were increasingly being affected by the outbreak. European stocks fell yet again on Wednesday amid growing fears about the spread of coronavirus and its impact on the world's major economies, with officials now warning that an outbreak in the U.S. (more...)
Dow Jones falls 2% as USA stocks sell-off deepens on coronavirus fears
- February 27, 2020
The equity benchmark nosedived 6.3% since Monday, suffering its biggest two-day drop since August 2015. Copyright 2020 NPR. To see more, visit https://www.npr.org. USA stocks usually remain unaffected to an extent in times of crisis. "I won't say airtight, but it's pretty close to airtight". In Europe, France's CAC 40 lost 0.6 per cent while Germany's DAX fell 1 per cent. (more...)
- February 27, 2020
The equity benchmark nosedived 6.3% since Monday, suffering its biggest two-day drop since August 2015. Copyright 2020 NPR. To see more, visit https://www.npr.org. USA stocks usually remain unaffected to an extent in times of crisis. "I won't say airtight, but it's pretty close to airtight". In Europe, France's CAC 40 lost 0.6 per cent while Germany's DAX fell 1 per cent. (more...)
Mahathir, his rival Anwar vie for power
- February 27, 2020
Mahathir and Anwar reconciled and forged an alliance that won the 2018 vote that ushered in the first change of government since independence from Britain in 1957. Anwar was Mahathir's designated successor, but he would likely have been pushed out and blocked from becoming leader if the weekend bid had succeeded. (more...)
- February 27, 2020
Mahathir and Anwar reconciled and forged an alliance that won the 2018 vote that ushered in the first change of government since independence from Britain in 1957. Anwar was Mahathir's designated successor, but he would likely have been pushed out and blocked from becoming leader if the weekend bid had succeeded. (more...)
Hong Kong announces $15 billion relief package
- February 27, 2020
Hong Kong's open and trade-reliant economy has been buffeted by risks, including the shock of often-violent protests in the second half of last year and the outbreak of a coronavirus in the beginning of this year. There have now been more than 80,000 confirmed cases and more than 2,700 deaths. Mr. Chan said the impact of the epidemic on Hong Kong could be greater than that of the SARS outbreak in 2003. (more...)
- February 27, 2020
Hong Kong's open and trade-reliant economy has been buffeted by risks, including the shock of often-violent protests in the second half of last year and the outbreak of a coronavirus in the beginning of this year. There have now been more than 80,000 confirmed cases and more than 2,700 deaths. Mr. Chan said the impact of the epidemic on Hong Kong could be greater than that of the SARS outbreak in 2003. (more...)
Italy’s PM says impact of coronavirus on economy could be "very strong"
- February 27, 2020
Austria also saw its first two cases confirmed on Tuesday in the province of Tyrol, which borders Italy. "This means we have a new situation to deal with". Any travelers who are now in these particular areas of Lombardy and Veneto are urged to follow the instructions of local authorities. In Albania, about 5,000 passengers arriving by plane, ferry and land were being monitored, with special focus on border crossing points targeting travelers from Italy. (more...)
- February 27, 2020
Austria also saw its first two cases confirmed on Tuesday in the province of Tyrol, which borders Italy. "This means we have a new situation to deal with". Any travelers who are now in these particular areas of Lombardy and Veneto are urged to follow the instructions of local authorities. In Albania, about 5,000 passengers arriving by plane, ferry and land were being monitored, with special focus on border crossing points targeting travelers from Italy. (more...)
Digital Bank Revolut Raises $500 Million at $5.5 Billion Valuation
- February 27, 2020
In his statement in September 2019, Storonsky had highlighted that the company is expected to expand its workforce to as many as 5,000 employees by the end of 2020. The bank also pointed to a 354% increase in financial revenues in 2018. Existing perks for premium and metal customers include unlimited foreign exchange , airport lounge access and commission-free stock trading . (more...)
- February 27, 2020
In his statement in September 2019, Storonsky had highlighted that the company is expected to expand its workforce to as many as 5,000 employees by the end of 2020. The bank also pointed to a 354% increase in financial revenues in 2018. Existing perks for premium and metal customers include unlimited foreign exchange , airport lounge access and commission-free stock trading . (more...)
Dow drops 1,000 points as virus fear spreads beyond China
- February 27, 2020
Following Monday's nosedive, the S&P shut almost 5% under its record closing high, reached previous 7 days, although the Nasdaq finished 6% off its peak close and the Dow ended the day five.4% down below its record near. President Donald Trump, and Cleveland Federal Reserve President Loretta Mester, despite the rise in cases outside of China. The yield on the 10-year Treasury note fell sharply, to 1.38% from 1.47% late Friday. (more...)
- February 27, 2020
Following Monday's nosedive, the S&P shut almost 5% under its record closing high, reached previous 7 days, although the Nasdaq finished 6% off its peak close and the Dow ended the day five.4% down below its record near. President Donald Trump, and Cleveland Federal Reserve President Loretta Mester, despite the rise in cases outside of China. The yield on the 10-year Treasury note fell sharply, to 1.38% from 1.47% late Friday. (more...)
Dollar slips on caution USA may not be immune to epidemic
- February 27, 2020
Apart from that report from IHS Markit, little evidence has yet to emerge of the virus denting US growth, although economists have begun predicting it will. Federal Reserve will signal more policy easing as a deadly virus spread quickly outside China As outbreaks started to quickly spread to the Middle East and Europe , some investors no longer saw the U.S. (more...)
- February 27, 2020
Apart from that report from IHS Markit, little evidence has yet to emerge of the virus denting US growth, although economists have begun predicting it will. Federal Reserve will signal more policy easing as a deadly virus spread quickly outside China As outbreaks started to quickly spread to the Middle East and Europe , some investors no longer saw the U.S. (more...)
Expedia is cutting 3,000 jobs
- February 27, 2020
Over the last few years Expedia has been chasing growth in the intensely competitive travel sector by adding employees and layers of complexity "until frankly very few people could figure out what the hell they were supposed to do during the day", he said. (more...)
- February 27, 2020
Over the last few years Expedia has been chasing growth in the intensely competitive travel sector by adding employees and layers of complexity "until frankly very few people could figure out what the hell they were supposed to do during the day", he said. (more...)
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