In an unscheduled SEC filing on March 5, coffee-giant Starbucks (NASDAQ: SBUX) provided an update for its shareholders regarding its business in China. The coronavirus outbreak has been a major issue to the Chinese economy, where Starbucks has 13% of its total store locations.
China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.
(RTTNews) - Indian shares may drift lower on Friday as the coronavirus outbreak beyond China worsened, stoking fears of a prolonged world economic slowdown.
South Korean shares fell on Friday after gaining for four-straight sessions, as investor confidence was shaken by soaring virus cases in the United States and around the world despite efforts to contain the outbreak. The Korean won weakened nearly 1% against the dollar, while the benchmark bond yield fell.
Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.
(RTTNews) - JPMorgan Chase & Co. chief executive officer Jamie Dimon is recovering following emergency heart surgery, the bank said in a letter to employees, shareholders and clients Thursday evening.
(RTTNews) - The Thai stock market has climbed higher in three straight sessions, collecting more than 50 points or 3.9 percent along the way. The Stock Exchange of Thailand now rests just above the 1,390-point plateau although it figures to move lower again on Friday.
Asian shares and U.S. stock futures fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
China's central province of Hubei, excluding the provincial capital Wuhan, reported zero new cases of coronavirus over 24 hours for the first time during the outbreak, as authorities continued to contain imported infections in other parts of the country.
(RTTNews) - The Japanese stock market is sharply lower on Friday and the safe-haven yen surged following the negative cues overnight from Wall Street amid lingering concerns about the economic impact of the coronavirus outbreak that has now spread worldwide. The rising number of