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Markets

Wall Street set to open sharply lower as China virus fear mounts

U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.

Markets

Trump’s ‘massive’ US-UK trade deal faces big hurdles

Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union.

Markets

Casper IPO valuation dwindles from peak of US$1 billion

Casper Sleep Inc, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, expects its initial public offering valuation to be well below the roughly US$1 billion it commanded in the last funding round.

Markets

Emirates advises crew to stay in hotels, avoid crowds in China due to virus outbreak

DUBAI: Dubai's Emirates airline is advising its flight crew to stay in their hotels when on a layover in China due to the new coronavirus outbreak there that has killed 81 people. In an internal notice, seen by Reuters, the airline also recommends that crew avoid areas where there...

Markets

J&J CEO to testify at trial for first time on Baby Powder risks

Johnson & Johnson Chief Executive Officer Alex Gorsky was set to be called as a witness on Monday in what would be his first appearance in a jury trial over allegations that the company's Baby Powder causes cancer.

Markets

Fed’s first hurdle in 2020: Dispensing with ‘QE Lite’

The Federal Reserve's bond portfolio is swelling again at a pace not seen since the "quantitative easing" heyday in the early 2010s. Prices for stocks and other risky assets are also rising at a fast clip - a state of affairs that a growing chorus of investors, economists and...

Markets

EU to rule on US$120 billion United Technologies, Raytheon deal by February 28

EU antitrust enforcers will rule by Feb. 28 whether to approve United Technologies Corp and U.S. contractor Raytheon Co's bid to create a US$121 billion aerospace and defense giant, a filing on the European Commission website showed.

Markets

EU antitrust regulators to rule on US$69 billion Aramco, SABIC deal by February 27

EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco's US$69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed.

Markets

Exclusive: Hackers acting in Turkey’s interests believed to be behind recent cyberattacks – sources

Sweeping cyberattacks targeting governments and other organisations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security officials said.

Markets

India renews push to sell Air India, puts entire stake on the block

India said on Monday it plans to sell its entire interest in Air India Ltd, making a renewed push to sell the flag carrier after it drew no bids in an effort to auction a majority stake almost two years ago.

Markets

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