Public Storage only bidder left for National Storage with $1.25 billion bid

Public Storage only bidder left for National Storage with $1.25 billion bid
(Reuters) – U.S.-based Public Storage (PSA.N) emerged on Friday as the likely buyer of Australia’s largest self-storage operator National Storage REIT (NSR.AX) with its current A$1.89 billion ($1.25 billion) offer, after two rivals dropped out of the race. Warburg Pincus had pulled out of the contest, National Storage said on Friday, a day after China’s Gaw Capital Partners’ also withdrew.... Read More

Japan’s January factory output beats forecasts but slowdown expected

Japan’s January factory output beats forecasts but slowdown expected
TOKYO (Reuters) – Japan’s factory output rose more than expected in January, providing some relief for policymakers amid heightened risks of a recession as the coronavirus outbreak in China disrupts supply chains and business activity. FILE PHOTO: Smoke rises from a factory during sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS/Toru Hanai/File Photo The world’s third-largest... Read More

World stocks set for worst week since 2008 as virus stokes recession fears

World stocks set for worst week since 2008 as virus stokes recession fears
TOKYO (Reuters) – World share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Japan February 3, 2020.... Read More

Japan minister flying to Lebanon to make case for Ghosn’s return

Japan minister flying to Lebanon to make case for Ghosn’s return
FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir/File Photo TOKYO (Reuters) – Japan’s vice minister of justice is traveling to Lebanon this weekend to try to make the case that fugitive ex-Nissan (7201.T) Chairman Carlos Ghosn should stand trial in Japan. Hiroyuki Yoshiie... Read More

World stocks set for worst week since 2008 as virus fears grip markets

World stocks set for worst week since 2008 as virus fears grip markets
TOKYO (Reuters) – Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Japan February 3, 2020. REUTERS/Kim... Read More

Global funds cut equity exposure in turbulent February, eye virus risk: Reuters poll

Global funds cut equity exposure in turbulent February, eye virus risk: Reuters poll
BENGALURU (Reuters) – Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2020.... Read More

Facebook cancels developer conference as tech companies respond to virus

Facebook cancels developer conference as tech companies respond to virus
(Reuters) – Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus, as growing concerns about the economic impact of the global outbreak drove Wall Street to tumble for a sixth straight day. FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File... Read More

Global shares head for worst week since 2008 financial crisis

Global shares head for worst week since 2008 financial crisis
TOKYO (Reuters) – Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Japan February 3, 2020.... Read More

Beyond Meat posts profit miss, dragged by investment, marketing costs; shares fall

Beyond Meat posts profit miss, dragged by investment, marketing costs; shares fall
(Reuters) – Beyond Meat Inc (BYND.O) on Thursday missed quarterly earnings expectations due to higher costs, and said Executive Chairman Seth Goldman would give up his executive status, while remaining chair of the board, sending shares down 10% in after-hours trade. FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market... Read More