Oil gains amid assessment of China virus impact, possible OPEC supply cuts

Oil gains amid assessment of China virus impact, possible OPEC supply cuts
TOKYO (Reuters) – Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris,... Read More

Foxconn says plans in place to meet production obligations after virus outbreak

Foxconn says plans in place to meet production obligations after virus outbreak
TAIPEI – Apple Inc supplier Foxconn said it could continue to meet all manufacturing obligations in the wake of a coronavirus outbreak in China even as the iPhone maker flagged uncertainty created by the disease. FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan... Read More

Oil rises as investors take stock of economic hit from virus

Oil rises as investors take stock of economic hit from virus
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day fall on talk OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S.... Read More

Tim Hortons pulls Beyond Meat products from Ontario, British Columbia

Tim Hortons pulls Beyond Meat products from Ontario, British Columbia
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant Brands International Inc’s (QSR.TO) Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s (BYND.O) products from its coffee and donut shops in the Canadian provinces of Ontario and British Columbia. This comes after the coffee and breakfast chain... Read More

Asian stocks rise as Apple drives tech gains, virus worries ease

Asian stocks rise as Apple drives tech gains, virus worries ease
TOKYO (Reuters) – Asian shares rose on Wednesday as better-than-expected Apple Inc earnings drove some regional tech gains although broader confidence was capped by worries about the economic impact of China’s virus outbreak. FILE PHOTO: An investor uses his mobile phone in front of a stock quotation board at a brokerage office in Beijing, China January 3, 2020. REUTERS/Jason Lee... Read More

Nissan says it plans to sell 1.6 million cars in China this year

Nissan says it plans to sell 1.6 million cars in China this year
FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo BEIJING (Reuters) – Japanese carmaker Nissan Motor Co (7201.T) said on Wednesday it planned to sell about 1.6 million vehicles in China, the world’s biggest auto market. Nissan sold 1.55 million vehicles last year in China, down 1.1% from the previous year... Read More

‘Flash crash’ trader sentenced to time served plus a year of home confinement: lawyers

‘Flash crash’ trader sentenced to time served plus a year of home confinement: lawyers
FILE PHOTO: Navinder Sarao arrives at Westminster Magistrates’ Court for an extradition hearing in London, Britain March 23, 2016. REUTERS/Toby Melville/File Photo (Reuters) – A Chicago-based U.S. federal district court judge on Tuesday sentenced Navinder Sarao, a London-based trader accused of contributing to Wall Street’s 2010 “flash crash”, to time already served in jail of four months, with a year... Read More