Oil prices were steady on Friday, but set for their first weekly gain in six weeks on the assumption that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.
Gold eased from an over one-week peak on Friday as risk sentiment improved on hopes of global measures to soften the impact of the coronavirus outbreak, but a surge in new cases capped bullion's losses and kept it on track for a weekly gain.
Southeast Asian stock markets were subdued on Friday as renewed doubts about the scale of coronavirus outbreak spooked investors, while the Thai index rose with its prominent energy sector gaining as oil prices extended their week-old recovery.
China's coronavirus outbreak showed no sign of peaking with health authorities on Friday reporting more than 5,000 new cases, while passengers on a cruise ship blocked from five countries due to virus fears finally disembarked in Cambodia.
The coronavirus epidemic is expected to shave up to 0.2 percentage points off Japan's economic growth this year as it hits exports, factory output and tourism, a Reuters poll of analysts showed on Friday.
Trefis estimates the fair value of Honda Motor (NYSE: HMC) stock to be $39, which is roughly 40% higher than the current market price. Established in Japan in September 1948, Honda has grown over the years into a multinational conglomerate that develops, manufactures, and ma
Ralph Lauren (NYSE: RL) is the global leader in premium lifestyle products. The company’s business went through a rough patch in FY’18 (year ending March), but Ralph Lauren has done well to turn things around over the last couple of years. Ralph Lauren delivered strong res
JPMorgan’s (NYSE: JPM) stock rallied more than 44% in 2019, with the bank’s share price averaging just above $116 for the year. We believe that the banking giant’s stock has exhausted its growth potential and is reasonably priced. Trefis details the key components of JPM
T-Mobile U.S. (NASDAQ: TMUS) saw its stock price rise by a whopping 143% over the last 4 years, from $35 in February 2016 to about $85.44 as of February 7, 2020. This rise was primarily driven by net income margin almost doubling over this period, driven by a steady drop in co
Walt Disney (NYSE: DIS) benefited from a stellar first quarter for its newly launched Disney+ streaming service, launched in November 2019. The company reported total revenues of $20.86 billion in Q1 2020, reporting y-o-y growth of 36%. Media networks revenue jumped 24% to $7.
SpaceX recently indicated that it could spin off and pursue an IPO for its satellite-based Internet business, Starlink. The Starlink service, which is likely to see operations begin later this year, aims to provide high-speed Internet globally in a cost-effective manner by lev
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