Hong Kong's Cathay Pacific Airways said on Wednesday it expects to report a substantial loss in the first half of this year and slash more capacity as the coronavirus outbreak erodes travel demand, after posting a drop in 2019 earnings.
China stocks held steady on Wednesday, as worries over the coronavirus outbreak in the country ebbed after President Xi Jinping's visit to Wuhan, and as investors expect Beijing's stimulus to underpin its economy.
The dollar resumed its descent against the safe-haven Japanese yen and the Swiss franc on Wednesday as investors worried over how much governments and central banks can do to limit the economic damage from the coronavirus epidemic.
The Turkish lira traded flat on Wednesday after Turkey's health minister said a male citizen had been diagnosed with coronavirus in what was the country's first confirmed case. [nL8N2B38BP]
Australian banks are well capitalised to withstand the disruption caused to financial markets from the coronavirus outbreak, a senior central banker said on Wednesday as the country's banks met with the Treasurer.
Gunmen blocked roads with burning vehicles and exchanged fire with security forces in a central Mexican city on Tuesday, while security officials denied that a wanted gang leader had been captured.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expects to report a "substantial" loss in the first half of this year as it reduces capacity due to the coronavirus outbreak, after it posted a 28% drop in 2019 earnings.
Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on Wednesday.
(RTTNews) - AT&T said it will retire $4 billion of its common stock. The two accelerated share repurchase ASRs are expected to bring total common shares retired in 2020 to more than 250 million through April.
(RTTNews) - Tesla is looking for a new factory location in the central United States to build its forthcoming electric pickup truck. The company is also eyeing the East Coast for production of Model Y compact sport-utility vehicle.
(RTTNews) - Asian stock markets are mixed on Wednesday despite the overnight gains on Wall Street as investors were disappointed by lack of details about a proposed U.S. stimulus plan. On Tuesday, U.S. President Donald Trump had pledged to provide "very substantial relief" amid
Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirements, companies' needs and privacy concerns, two people said.
Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment.
(RTTNews) - The Thai stock market on Tuesday snapped the two-day losing streak in which it had plummeted almost 135 points or 10 percent. The Stock Exchange of Thailand now rests just above the 1,270-point plateau and it's expected to recover further on Wednesday.
Ecuadorean President Lenin Moreno on Tuesday said he will seek to improve debt payment terms and slash $1.4 billion from the government's budget in response to the crash in oil prices and the economic effects of the coronavirus.
(RTTNews) - The Japanese stock market is declining on Wednesday in choppy trading despite the positive cues overnight from Wall Street. Investors are cautious as they awaited details of stimulus measures by the U.S. government to offset the impact of the coronavirus outbreak.
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