Oil slumps further as China virus spreads
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
U.S. drugmaker AbbVie's $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators.
World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China's spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
French consulting and IT services provider Capgemini succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market regulator AMF said on Monday, marking a win against U.S. activist fund Elliott.
EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco's $69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed.
Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union.
India said on Monday it plans to sell its entire interest in Air India Ltd, making a renewed push to sell the flag carrier after it drew no bids in an effort to auction a majority stake almost two years ago.
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
World shares slipped to their lowest in two weeks on Monday as worries grew about the economic impact of China's spreading coronavirus, with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
The Federal Reserve's bond portfolio is swelling again at a pace not seen since the "quantitative easing" heyday in the early 2010s. Prices for stocks and other risky assets are also rising at a fast clip - a state of affairs that a growing chorus of investors, economists and former Fed officials say is no coincidence, and potentially a problem.
EU antitrust enforcers will rule by Feb. 28 whether to approve United Technologies Corp and U.S. contractor Raytheon Co's bid to create a $121 billion aerospace and defense giant, a filing on the European Commission website showed.
Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that has killed 81 people and infected thousands, spreading to more than 10 countries including the United States and Japan.
WSJ | AnnaMaria Andriotis | Jan 19, 2020 Tech giant plans terminals to let consumers link credit card information to their hands Amazon wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their
Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company Estée Lauder to perform from outperform on Monday.