Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors' fuel sales.
(RTTNews) - Keysight Technologies, Inc. (KEYS) reported first quarter GAAP net income was $163 million or $0.86 per share, higher than $114 million or $0.60 per share reported a year earlier.
(RTTNews) - Cooper-Standard Holdings Inc. (CPS) reported that its fourth-quarter net loss attributable to the company widened to $67.38 million or $4.00 per share from $24.21 million or $1.36 per share in the prior year.
(RTTNews) - The Thai stock market moved emphatically lower again on Monday, one session after it had halted the three-day losing streak in which it had stumbled more than 35 points or 2.2 percent. The Stock Exchange of Thailand now rests just above the 1,435-point plateau and it
(RTTNews) - Oceaneering International Inc. (OII) reported that its fourth-quarter net loss widened to $262.91 million or $2.66 per share from $64.14 million or $0.65 per share in the prior year.
Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan, NH Investment and Securities and others to handle its initial public offering (IPO), according to media reports.
Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains.
Japan's finance minister Taro Aso said he was closely monitoring market volatility, as Asian shares sank on fears the coronavirus outbreak could wreak greater economic damage than first thought.
(RTTNews) - Tupperware Brands Corp. (TUP) expects sales for the fiscal year ended December 28, 2019 to be in line with previously provided outlook ranges of down 12% to 14% as reported and down 8% to 10% in local currency. Annual adjusted earnings per share is expected to be $1.
What happened
Shares of big box chains, including Bed Bath & Beyond (NASDAQ: BBBY), Macy's (NYSE: M), and Best Buy (NYSE: BBY), finished lower as worries about a global coronavirus outbreak mounted on news of its expansion in multiple countries over the weekend.
Gold prices fell 1% on Tuesday as investors chose to pocket profits after the metal hit a seven-year high in the previous session, although growing fears over a spike in new coronavirus cases outside of China capped bullion's losses.
Asian share markets were trying to stabilise on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears.
(RTTNews) - The Indonesia stock market has moved lower in consecutive trading days, surrendering more than 175 points or 3 percent in that span. The Jakarta Composite Index now rests just above the 5,800-point plateau and it may extend its losses on Tuesday.
(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, dropping more than 220 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 11,530-point plateau and it's got another very weak lead again for Tuesday's trade.
Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.
Reuters
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15 minutes 12 seconds ago
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