Yum China warns of first-quarter losses, 2020 sales hit after virus outbreak
KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due...
Korean Air says will sell a property in Seoul, non-core unit
Korean Air Lines said on Thursday it will sell a property in downtown Seoul and one of its non-core business units in line with its...
Oil gains a second day as coronavirus optimism may mean demand rebound
Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak...
U.S. warns energy cos like Rosneft, Chevron over ties to Venezuela’s Maduro
The Trump administration is ramping up pressure against Venezuelan President Nicolas Maduro’s government, and energy companies with ties to it, from Russia’s Rosneft to U.S.-based...
Asian shares gain after solid U.S. data, focus on virus
Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary...
Brazil’s BNDES raises $5.2 billion selling Petrobras stake: sources
Brazil’s development bank BNDES sold on Wednesday $5.2 billion in common shares it owned in state-controlled oil company Petroleo Brasileiro SA , two people with...
Australia central bank looks to rid Visa, Mastercard of debit payments edge
Australian regulators will consider intervening to stop banks from automatically directing “tap-and-go” card payments through the world’s largest payment processors Visa and Mastercard Inc. ,...
S&P 500 posts record high on strong economic data, ebbing virus fears
The benchmark S&P 500 posted a record closing high on Wednesday as U.S. stocks rallied for a third straight day on encouraging U.S. economic data...
Stocks rally on virus vaccine hopes, dollar gains
The dollar gained and a gauge of global equity markets surged for a third day on Wednesday as expectations of more central bank stimulus and...
Oil prices jump 2% as virus vaccine reports spur hope
Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health...