[ad_1] LONDON (Reuters) – Burberry said the outbreak of the coronavirus was hitting luxury demand in China and Hong Kong, both important markets for the British fashion brand, sending its shares lower for a second
Ericsson pulls out of major Barcelona conference over coronavirus
[ad_1] STOCKHOLM/PARIS (Reuters) – Swedish telecom equipment maker Ericsson withdrew on Friday from this month’s major international telecoms conference in Barcelona due to the coronavirus outbreak, becoming the second major exhibitor to pull out. An
Global defence firms line up as India goes shopping to update ageing fleet
[ad_1] LUCKNOW (Reuters) – U.S. and European defence firms backed Indian Prime Minister Narendra Modi’s military modernisation drive at a defence exhibition on Friday, despite a lengthy procurement process running into years and limited funds.
Gold steadies as virus concerns stall stock markets
[ad_1] (Reuters) – Gold inched up on Friday as a rally in global stock markets briefly stalled due to worries over the economic impact from the coronavirus, while investors awaited U.S. jobs data for indications
Thai court rules delayed $103 billion budget bill valid
[ad_1] BANGKOK (Reuters) – Thailand’s Constitutional Court ruled on Friday that a delayed $103 billion budget bill for the current fiscal year was valid, giving the go-ahead for spending plans aimed at reviving the flagging
Global Markets: Stocks stumble toward best week since June
[ad_1] LONDON (Reuters) – Nagging coronavirus worries took a swipe at world markets on Friday, though that wasn’t going to stand in the way of the best week for stocks since June and the strongest
Industrial goods, oil, gas get slammed as China coronavirus slashes demand
[ad_1] SINGAPORE (Reuters) – Industrial goods from jet fuel and iron ore to rubber and sulphuric acid are sliding towards their lowest prices in weeks, months or even years as China’s coronavirus epidemic hobbles movement
Japan’s household spending slumps as sales tax, weather weigh
[ad_1] TOKYO (Reuters) – Japanese household spending fell at a much faster pace than expected in December, sliding for the third straight month in a sign consumers are having a hard time coping with a
Rally in global stocks runs out of steam as coronavirus toll climbs
[ad_1] SINGAPORE (Reuters) – Asian share markets fell on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak snuffed out a late-week rally. FILE PHOTO: Investors
Tesla’s surge inspires fans to buy, skeptics to dig in, drives fear of missing out
[ad_1] NEW YORK (Reuters) – Pretty much everyone on Wall Street has an opinion about Tesla. FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019.