[ad_1] (Reuters) – Gold held steady on Thursday as concerns over prolonged economic weakness due to the coronavirus outbreak countered a stronger U.S. dollar after the Federal Reserve dashed hopes of sub-zero interest rates. FILE
Singapore Airlines posts first annual loss on fuel hedges, virus
[ad_1] SYDNEY (Reuters) – Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any
WTO head expected to step down early – source
[ad_1] World Trade Organization (WTO) Director-General Roberto Azevedo arrives for a news conference after a two-day General Council meeting at the WTO headquarters in Geneva, Switzerland, December 10, 2019. REUTERS/Denis Balibouse/Files GENEVA/BRUSSELS (Reuters) – The
China unicorn creation falls to six-year low as investors play it safe
[ad_1] HONG KONG (Reuters) – China’s rate of creating unicorns has dropped to a six-year low as venture capital funds shy away from early-stage funding while the economic impact of the coronavirus outbreak batters portfolio
Malaysia drops 1MDB money laundering case against ‘Wolf of Wall Street’ producer
[ad_1] KUALA LUMPUR (Reuters) – Malaysian prosecutors on Thursday dropped a $248-million money laundering case against a producer of Hollywood film “The Wolf of Wall Street” and the stepson of former Malaysian prime minister Najib
India’s investment policy upsets Xiaomi, Oppo’s consumer finance plans
[ad_1] NEW DELHI/MUMBAI (Reuters) – Tougher scrutiny of foreign investment in India has soured the plans of China’s smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of the South Asian country’s
Indian shares slide as stimulus fails to excite; Powell’s grim outlook weighs
[ad_1] BENGALURU (Reuters) – Indian shares slid on Thursday as an initial government stimulus to boost a coronavirus-hit economy failed to excite investors, while a dour outlook from the chief of the U.S. Federal Reserve
Gold eases after Powell shuns chances of negative U.S. rates
[ad_1] (Reuters) – Gold eased on Thursday as U.S. Federal Reserve Chairman Jerome Powell downplayed the possibility of negative interest rates, but his warning of an extended period of weak economic growth capped the metal’s
Fed chief has no time to worry about U.S. debt during wartime
[ad_1] WASHINGTON (Reuters) – The U.S. government has a $3 trillion bulge of debt coming through the pipeline because of the coronavirus pandemic. It also has perhaps 30 million or more freshly unemployed Americans to
Drugmaker Roche in talks with UK government to roll out coronavirus antibody test kits
[ad_1] (Reuters) – Swiss drugmaker Roche Holding AG (ROG.S) said on Wednesday it was in talks with the UK government to roll out its coronavirus antibody test kits in the country after Public Health England