With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of "force majeure."
China reported 108 new coronavirus deaths on Tuesday, a daily record, bringing the total number of people killed in the country to 1,016, but the number of new cases fell.
(RTTNews) - The Australian stock market is advancing on Tuesday following the overnight gains on Wall Street and on some positive corporate earnings results.
Gold prices held steady on Tuesday after climbing to a one-week peak in the previous session, as concerns about the coronavirus epidemic that has claimed more than 1,000 lives in China offset an uptick in equities.
(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, surrendering more than 540 points or 2 percent along the way. The Hang Seng Index now rests just above the 27,240-point plateau although it may stop the bleeding on Tuesday.
More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
(RTTNews) - The China stock market has climbed higher in five straight sessions, advancing more than 145 points or 5 percent along the way. The Shanghai Composite Index now rests just above the 2,890-point plateau and it may add to its winnings again on Tuesday.
Hedge funds were heavy sellers of petroleum last week for the third time in four weeks, amid mounting anxiety about the impact of a coronavirus outbreak on oil consumption in China.
(RTTNews) - Responding to Chatham Asset Management's letter, R.R. Donnelley & Sons Co. (RRD) said that stockholder rights plan does not inhibit Chatham's dialogue with RRD.
The U.S. dollar and Japanese yen were in demand on Tuesday, along with the bonds of both countries, as worries about the spread of coronavirus had investors heading for safe harbours.
Johnson & Johnson (NYSE: JNJ) subsidiary Janssen announced on Monday that it had filed a supplemental Biologics License Application (sBLA) to the U.S. Food and Drug Administration (FDA) for its multiple myeloma drug Darzalex (also known as daratumumab).
(RTTNews) - The Taiwan stock market has ended lower in consecutive trading days, skidding more than 175 points or 1.6 percent along the way. The Taiwan Stock Exchange now rests just beneath the 11,575-point plateau although it's predicted to find support on Tuesday.
Asian share markets looked set for another cautious session on Tuesday as investors tried to judge how quickly China's factories could return to work as the coronavirus continues to spread and deaths mount.
Shares of Slack Technologies (NYSE: WORK) saw some significant volatility early this week. On Monday, shares surged 15.4% before trading of the stock was halted. After market hours on the same day, however, shares fell 8%.
Perceptron (PRCP) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
Large cigarette companies, such as Altria (NYSE: MO), British American Tobacco (NYSE: BTI) and Philip Morris International (NYSE: PM), as well as smaller companies, the likes of Vector Group (NYSE: VGR) and privately held Njoy, may have a new regulator if the Trump administratio
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