Chinese shares closed higher on Tuesday as new coronavirus cases in the mainland tumbled and as President Xi Jinping's visit to the virus' epicentre lifted sentiment, while weak data raised hopes for more policy measures to support the economy.
Egypt's annual urban consumer inflation fell to 5.3% in February from 7.2% in January, the official statistics agency CAPMAS said on Tuesday, boosting the chances of an interest rate cut early next month.
Indonesian President Joko Widodo is weighing an audacious 2032 Olympics bid centred on the country's not-yet-built new capital and is in early talks with SoftBank chief executive Masayoshi Son and other investors for support, sources said.
China should replace its ambassador in the Czech Republic after the Chinese embassy sent a threatening letter to Czech authorities, Prime Minister Andrej Babis said, a position that may further strain relations between the two countries.
The yuan inched up against the dollar on Tuesday, supported by fresh signs of containment of the coronavirus outbreak in China where the disease first emerged, and as investors awaited expected stimulus from global central banks.
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high.
Tesla Inc plans to increase its production capacity for certain car parts at its $2 billion factory in China, according to a government document seen by Reuters, as it pushes to localise its supply chain in the world's biggest auto market.
The dollar steadied somewhat on Tuesday as it pulled ahead after heavy losses against the yen, the euro and the Swiss franc, supported by hopes for U.S. economic stimulus and a bounce in Treasury yields.
An oil price war between Russia and Saudi Arabia is further confounding the world's central bankers, adding worry over rising currency values in Japan and Europe and a potential blow to investment in the United States to an economic outlook already soured by the fast-moving coronavirus outbreak.
China shares rose on Tuesday, a day after fears over the spread of the coronavirus and an oil price crash destabilised markets, as new domestic virus cases tumbled and President Xi Jinping's visit to the epicentre of the epidemic lifted sentiment.
Private equity firm KKR & Co Inc said late on Monday an employee in its London office had tested positive for coronavirus, and that it would temporarily close both its London offices to have them sanitized.
The largest U.S. airlines are allowing passengers to rebook tickets through April 30 without paying fees to change flights citing uncertainty about traveling during the coronavirus outbreak.
Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.
Most Southeast Asian stock markets bounced back on Tuesday from steep falls in the previous session, as investors picked up beaten-down stocks amid speculation of coordinated stimulus measures from central banks.
(RTTNews) - The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) remain closed Tuesday on account of Holi. There will be no trading activity in the forex and commodity futures markets as well.
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high.
(RTTNews) - Asian stock markets are mixed on Tuesday, with some of the markets recovering from steep losses earlier in the session amid hopes of stimulus from global central banks and governments to offset the impact of the coronavirus outbreak on the global economy.
MELBOURNE (Reuters Breakingviews) - A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture with Japan’s F
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