Oil falls for sixth day as China virus raises global growth, demand concerns

Oil falls for sixth day as China virus raises global growth, demand concerns
TOKYO (Reuters) – Oil futures fell for a sixth session on Tuesday as the spread of a new virus in China and several countries raised concerns about a hit to economic growth and oil demand. FILE PHOTO: FILE PHOTO: Grandpuits oil refinery southeast of Paris, France, February 29, 2016. REUTERS/Christian Hartmann/File Photo Brent crude LCOc1 was down 37 cents, or... Read More

Stocks crumble as China virus toll mounts, safe havens in demand

Stocks crumble as China virus toll mounts, safe havens in demand
SYDNEY (Reuters) – Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat a deadly new coronavirus, while bonds shone on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board outside a... Read More

Stocks crumble as deadly coronavirus spreads, safe havens in demand

Stocks crumble as deadly coronavirus spreads, safe havens in demand
SYDNEY (Reuters) – Asian stocks extended a global selloff on Tuesday as China took more drastic steps to combat the coronavirus, while bonds found favor on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board outside a brokerage... Read More

Brazil antitrust regulator gives nod to Boeing-Embraer deal

Brazil antitrust regulator gives nod to Boeing-Embraer deal
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid BRASILIA (Reuters) – Brazilian antitrust regulator Cade on Monday approved Boeing Co’s (BA.N) purchase of Embraer SA’s (EMBR3.SA) commercial aviation division without restrictions, according to a statement on the agency’s website. Cade’s top administrative... Read More

Sainsbury’s targets 2040 for net zero emissions, criticizes UK goal

Sainsbury’s targets 2040 for net zero emissions, criticizes UK goal
LONDON (Reuters) – Sainsbury’s (SBRY.L) committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government’s own target which it said “isn’t soon enough”. FILE PHOTO: Signage for Sainsbury’s is seen at a branch of the supermarket in London, Britain, January 8, 2020. REUTERS/Toby Melville/File Photo Britons have become increasingly aware... Read More

As Britain decides, Europe grapples with Huawei conundrum

As Britain decides, Europe grapples with Huawei conundrum
BERLIN (Reuters) – Britain’s decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology. FILE PHOTO: A Huawei company logo at Shenzhen International Airport in Shenzhen, Guangdong province, China, July 22, 2019. REUTERS/Aly Song/File Photo In Germany,... Read More

Mexico’s America Movil fined by regulator; calls it ‘illegal and disproportionate’

Mexico’s America Movil fined by regulator; calls it ‘illegal and disproportionate’
MEXICO CITY (Reuters) – America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecoms regulator. FILE PHOTO: Mexican billionaire Carlos Slim addresses the audience during an event in Mexico City, Mexico November 27, 2019. REUTERS/Luis Cortes The... Read More

Asian shares, bond yields fall as deadly coronavirus spreads

Asian shares, bond yields fall as deadly coronavirus spreads
SYDNEY (Reuters) – Asian shares slipped again on Tuesday as China took more drastic steps to combat the coronavirus, while bond yields fell globally on expectations central banks would need to keep stimulus flowing to offset the likely economic drag. FILE PHOTO: A decoration for celebrating new year is seen next to a stock index board outside a brokerage in... Read More

Whirlpool forecasts 2020 largely above estimates as profit beats

Whirlpool forecasts 2020 largely above estimates as profit beats
(Reuters) – Whirlpool Corp (WHR.N) beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs. FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture taken October 3, 2017. REUTERS/Aaron... Read More

Beer, wine, spirit makers pledge age-restriction labels on drinks

Beer, wine, spirit makers pledge age-restriction labels on drinks
FILE PHOTO: Outside view of a restaurant’s wall decorated with hundred of bottles in Paris, France, July 5, 2017. REUTERS/Charles Platiau BRUSSELS (Reuters) – Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking. The International... Read More