GM shuts Australia, NZ operations; sells Thai plant to Great Wall
NEW YORK/BEIJING (Reuters) – General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its…
Factbox: How a virus impacts the economy and markets
(Reuters) – The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing comparisons to the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak…
Asia shares feel a chill as China virus risks mount
SYDNEY (Reuters) – Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk…
Shares set fresh records, lifted by U.S. housing data
NEW YORK (Reuters) – Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback…
Asian shares buoyed by Wall St rally, but China worry caps gains
SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China’s…
U.S. banks’ reluctance to lend cash may have caused repo shock: BIS
LONDON (Reuters) – The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent…
Global stocks falter on trade uncertainty; sterling gains
NEW YORK (Reuters) – The dollar slid and global equity markets traded little changed on Thursday as enthusiasm over Apple shares was offset by doubts about the likelihood of a…
Asian stocks rise as trade talks gain momentum
TOKYO (Reuters) – Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally…
Asia shares in waiting mode ahead of Fed, ECB events
SYDNEY (Reuters) – Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade dispute, though…
Dollar, stocks slip amid trade deal uncertainty
NEW YORK (Reuters) – The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump’s remarks over the weekend dashed investor optimism that Washington and Beijing…