Nasdaq News

Australia's economy expanded by more than expected last quarter, erasing the risk of a recession even as as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year.

Taiwan's central bank will act to stabilise the foreign exchange market after the U.S. Federal Reserve cut interest rates in response to the fast-spreading coronavirus, a bank official told Reuters on Wednesday.

(RTTNews) - Triumph Group Inc. (TGI) said that there has been no material impact to its backlog or revenue as a result of coronavirus and the company currently anticipates no material impact to results for fiscal year 2020 which ends March 31, 2020.

Ireland's services sector grew at its fastest pace in over two years in February on strong new orders, a survey showed on Wednesday, though the outlook for growth over the next 12 months softened slightly.

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The Hong Kong Monetary Authority (HKMA) lowered its base rate charged through the overnight discount window by 50 basis points to 1.5% on Wednesday, hours after the U.S. Federal Reserve delivered a rate cut of the same margin.

What happened Shares of GreenSky (NASDAQ: GSKY) plunged 21.5% on Tuesday, following the release of the financial technology company's fourth quarter results.

New Zealand will take a full strength bowling attack to Australia for the one-day international series later this month after including Trent Boult, Matt Henry and Lockie Ferguson in their squad for the series on Wednesday.

The dollar fell to a five-month low versus the yen after an emergency 50 basis point cut in interest rates by the U.S. Federal Reserve was deemed insufficient to offset downside risks posed by the global spread of the coronavirus.

Hong Kong-based Bank of East Asia said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the support of activist investor Elliott Management.

South Korea's Lotte Chemical has shut its naphtha cracker after an explosion at the plant in the southwestern city of Seosan, which injured 31 people, the company said on Wednesday.

Ford Motor Company (NYSE: F) said that it will offer a battery-electric version of its best-selling Transit commercial van in the United States and Canada. The new electric van is expected to go into production next year as a 2022 model. 

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Japan's services sector shrank at the fastest pace in nearly six years in February as a jolt from the coronavirus threatens to push the economy into recession, dashing hopes of a domestic-led recovery.

The coronavirus epidemic dealt a severe blow to businesses in Hong Kong in February with activity plummeting to the lowest on record, a private survey showed on Wednesday, in a sign of a sharp economic downturn in the first quarter.

What happened Shares of Cisco Systems (NASDAQ: CSCO) fell 13.1% in February, according to data from S&P Global Market Intelligence . The stock fell after the company reported second-quarter earnings and moved lower later in the month as concerns about the impact of the no

Venezuela will sell some of its shares in the CAF Latin American development bank to pay down its debt with the lender, according to an opposition lawmaker who posted a copy of the resolution on Twitter on Tuesday.

Mexico's president said on Tuesday his government would ask the public whether to let U.S. company Constellation Brands Inc open a massive brewery in northern Mexico, brushing aside the suggestion that the American government might have reservations.

Twenty Republican and Democratic U.S. senators came together on Tuesday to urge British lawmakers to reconsider their government's decision to allow China's Huawei [HWT.UL] to be among the suppliers for the country's 5G mobile telephone network, the latest salvo in U.S. opposition to the plan.

Moderna (NASDAQ: MRNA) announced after the closing bell on Tuesday that it had finished enrollment for a mid-stage clinical study concerning one of its mRNA-based vaccines. The treatment in question, mRNA-1647, seeks to treat cytomegalovirus (CMV), a major cause of birth defects