The Australian and New Zealand dollars were heading for another week of losses on Friday as fears for the health of the global economy fuelled bets on aggressive rate cuts and drove local bond yields to all-time lows.
(RTTNews) - Dril-Quip Inc. (DRQ) reported that its net income for the fourth quarter of 2019 was $7.40 million or $0.21 per share, compared to a loss of $1.31 million or $0.04 per share in the prior year.
The Australian and New Zealand dollars were heading for another week of losses on Friday as fears for the health of the global economy fuelled bets on aggressive rate cuts and drove local bond yields to all-time lows.
Australia's prudential and corporate regulators are checking the contingency plans of banks and other financial institutions to prepare for a potential coronavirus pandemic which could severely disrupt economic and financial systems.
The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere.
Strategy simulation game "Plague Inc.", which surged in popularity in China when the coronavirus epidemic first started, has been removed from the China app store after regulators said it contained illegal content, its developer said on Thursday.
Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.
Global share markets headed for the worst week since the darkest days of the financial crisis in 2008 as investors braced for the coronavirus to morph into a pandemic and derail world economic growth.
Japan's factory output rose more than expected in January, in a sign of relief for an economy facing heightened risks of slipping into a recession as the coronavirus outbreak in China disrupts supply chains and business activity.
Turkey, faced with a possible new wave of Syrian migrants and dozens more dead Turkish soldiers in Idlib, will no longer stop Syrian refugees from reaching Europe, a senior Turkish official said as President Tayyip Erdogan chaired an emergency meeting.
What happened
Even as the broader stock market plunged, shares of Elastic N.V. (NYSE: ESTC) soared 12.7% on Thursday after the search-centric software-as-a-service (SaaS) company announced strong fiscal third-quarter 2020 results.
(RTTNews) - The China stock market on Thursday snapped the three-day slide in which it had fallen more than 50 points or 1.7 percent. The Shanghai Composite Index now rests just above the 2,990-point plateau although it figures to head south again on Friday.
(RTTNews) - The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had fallen almost 45 points or 3 percent. The Kuala Lumpur Composite Index now rests just above the 1,505-point plateau although it's expected to
Investors have seen their portfolios drop in record time. According to Torsten Slok, the chief economist at Deutsche Bank Securities, the (10.76%) decline the S&P 500 index has posted over the past six trading days marks the fewest trading sessions for the benchmark to lose