HONG KONG (Reuters) - U.S. private equity firm Blackstone Group Inc (BX.N) is in exclusive talks to take SOHO China Ltd (0410.HK) private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market.
President Donald Trump said he will propose a temporary payroll tax cut and paid leave for hourly employees unable to work due to the coronavirus — the most concrete step the president has taken so far to address the economic volatility and uncertainty the virus has unleashed on the U.S.
WASHINGTON - The United States is willing to show China some flexibility on its pledges to boost American imports as long as Beijing ensures exports don't surge when production returns to full strength and widen the trade imbalance between the world's two largest economies, people familiar with the discussions said.
The benchmark 10-year Treasury yield broke below 0.4% for the first time ever as coronavirus fears, coupled with an all-out oil price war, sent investors flocking to safer government bonds.
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
The Institute of International Finance (IIF) downgraded its economic growth forecast for the United States and China on Thursday, while warning that world growth could reach its weakest since the global financial crisis.
U.K. Prime Minister Boris Johnson held a rare joint meeting with his finance minister and the country’s central bank governor on Thursday to discuss the economic response to the coronavirus outbreak, adding to signs that authorities are planning a coordinated action to defend the economy.
Joe Biden has won nine of the 14 states that voted to pick a Democratic White House candidate on Super Tuesday, a remarkable rebound for his campaign. The former US vice-president overturned predictions to narrowly take the key state of Texas from his main challenger, Bernie Sanders.
WHARF REIC (01997.HK) announced annual results ended December 2019. Turnover declined 2.7% yearly to $16.043 billion. Net profit amounted to $3.928 billion, down 78.2% yearly. EPS equaled $1.29. Second interim DPS was $0.93.
The Federal Reserve on Tuesday took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus.
WASHINGTON: U.S. Treasury Secretary Steven Mnuchin on Tuesday said the United States was not considering lowering tariffs on goods from China in response to the fast-spreading coronavirus, but would look at all options as the situation evolved.
At least seven of 31 Chinese provinces have published long lists of investment projects in the last two months, with a combined investment of around 25 trillion yuan (US$3,6 trillion), including 3.5 trillion yuan (US$500 billion) for 2020.
Foxconn says it’ll resume normal production in China by the end of March and that half of its seasonal workers are now back at work, according to Reuters. Foxconn, the primary iPhone assembler and parts supplier for Apple and others, has had its output curtailed following the coronavirus outbreak. In addition to mandated government shutdowns, many of Foxconn’s seasonal workers had to be quarantined before returning to work after the extended Lunar New Year holiday last month. Foxconn is the world’s largest contract manufacturer.
New coronavirus infections spiked dramatically across Europe on Sunday, with Italy reporting hundreds of new cases and five more deaths. The number of confirmed cases also jumped in France, Germany and the UK, and the Czech Republic reported its first case.
The purchasing managers' index (PMI) for China's manufacturing sector stood at 35.7 in February, down from 50 in January, the National Bureau of Statistics (NBS) said Saturday.
Due to the trading system update, all existing Apple IOS mobile APP trading users are requested to update the existing APP before 1 March, 2020 for the latest version or you will not be able to log into the application after the date.
Apple CEO Tim Cook said today that factories in China that manufacture the company’s products are reopening as “China is getting the coronavirus under control.” The comments came from a preview of an upcoming interview with Fox Business.
Japan's education minister Koichi Hagiuda said Friday the government wants children to remain indoors at home while elementary, junior and high schools in the country are closed for about a month over coronavirus fears.
Hours after the White House rejected the idea of appointing a coronavirus czar, President Trump on Wednesday put Vice President Pence in charge of the administration's response to the disease.
South Korea confirmed 334 more cases of the COVID-19, bringing the total number of infections to 1,595 as of 9:00 a.m. local time (0000 GMT) Thursday. The death toll was unchanged at 12.