[ad_1] TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession
Dubai’s DP World to delist, return to full state ownership
[ad_1] DUBAI (Reuters) – Dubai’s DP World, one of the world’s largest port operator’s, said on Monday it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.
Gold holds near two-week high on uncertainty over virus impact
[ad_1] (Reuters) – Gold prices on Monday held near a two-week high scaled in the previous session as uncertainty prevailed over the impact of the coronavirus outbreak on the global economy. FILE PHOTO: Gold grain
Oil prices slip ahead of data pointers on impact of coronavirus on demand
[ad_1] SINGAPORE (Reuters) – Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand.
Nifty, Sensex fall as telecom exposure weighs on banks
[ad_1] BENGALURU (Reuters) – Indian shares ticked lower on Monday, dragged down by banking stocks exposed to telecom operators after the government ordered mobile carriers to immediately pay billions of dollars in dues. A man
General Motors to wind down Australia, New Zealand operations, sell Thailand plant
[ad_1] NEW YORK (Reuters) – General Motors Co (GM.N) is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in
Fast-food companies in China step up ‘contactless’ pickup, delivery as coronavirus rages
[ad_1] NEW YORK/BEIJING (Reuters) – With the coronavirus outbreak in China continuing to spread, McDonald’s Corp (MCD.N), Starbucks Corp (SBUX.O) and other fast-food companies are ramping up “contactless” pickup and delivery services to keep their
Alstom reaches preliminary deal to buy Bombardier train unit – WSJ
[ad_1] FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau (Reuters) – Alstom SA has reached a preliminary deal to buy Bombardier
Tesla ordered by German court to stop cutting down trees for Gigafactory
[ad_1] BERLIN (Reuters) – A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental
U.S. weighs blocking GE engine sales for China’s new airplane – sources
[ad_1] (Reuters) – The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over