Asian shares and U.S. stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases.
Australian wages grew at a scrooge-like pace in the final quarter of last year, sapping household spending power just as raging wildfires and the deadly coronavirus were set to crimp confidence and the tourist dollar.
Japan's exports fell in January for a 14 straight month while a key gauge of capital spending tumbled, as the world's third-largest economy grapples with the impact of the coronavirus outbreak and a recent sales tax hike.
(RTTNews) - The Taiwan stock market has moved lower in two straight sessions, surrendering more than 165 points or 1.4 percent along the way. The Taiwan Stock Exchange now rests just beneath the 11,650-point plateau and it's likely to open under pressure again on Wednesday.
The European Commission will on Wednesday launch the first of a raft of proposals to help European companies exploit their rich trove of industrial data and at the same time rein in online giants Facebook Inc, Alphabet Inc's Google and Amazon.com Inc.
The automobile/tires/trucks sector has reported mixed results so far this reporting season. Of the 62.5% S&P automobile companies that have reported so far, 60% beat on earnings, while 40% outpaced revenue estimates. Earnings have declined 65% year over year and revenues 11.
The government of Canada's British Columbia province on Tuesday promised in its budget on Tuesday to raise taxes on high earners and on sugary drinks, while projecting a surplus this year and next.
As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.
Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday.
Canadian fertilizer maker Nutrien Ltd on Tuesday reported a smaller-than-expected quarterly profit and forecast full-year earnings below analysts' estimates on weak global demand for fertilizers and lower potash prices.
Reuters
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29 minutes 35 seconds ago
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