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FP Trading Desk (Canada) 02/21/2020 06:34
BEIRUT — An International Monetary Fund (IMF) team discussed on Friday all possible options with Lebanese officials seeking technical advice for the country’s crippling financial crisis, a finance ministry statement said. An IMF team is meeting with officials from heavily indebted Lebanon until Feb. 23 to offer broad advice on tackling the crisis as Beirut […]
FP Trading Desk (Canada) 02/21/2020 04:32
LONDON — British businesses kept up a solid rate of growth in February as factories posted the fastest rise in output for 10 months, despite ripples from China’s coronavirus outbreak affecting supply chains, a business survey showed on Friday. The ‘flash’ early readings of the IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) showed the expansion […]
FP Trading Desk (Canada) 02/21/2020 04:30
SHANGHAI — The release of some Chinese foreign exchange data will be delayed because of the coronavirus outbreak, China’s foreign exchange regulator said on Friday, adding that operations of the currency market were generally stable this month. The State Administration of Foreign Exchange said in an online statement that the release of data on trade […]
FP Trading Desk (Canada) 02/21/2020 03:05
SHANGHAI/HONG KONG — Shanghai stocks closed higher on Friday, with the index marking its best week since last April, as Chinese policymakers vowed to help companies hurt by the fast-spreading coronavirus outbreak. ** At the close, the Shanghai Composite index was up 0.3% at 3,039.67. The index climbed 4.2% this week, its biggest weekly gain […]
FP Trading Desk (Canada) 02/21/2020 03:00
Philanthropic Tej Kohli Foundation will establish a new incubator to back scientific projects and commercial ventures that are targeting new solutions. Forms part of strategy by investor Tej Kohli to focus on new innovations borne from research, science, technology and enterprise for the prevention and cure of corneal blindness. Solutions must be affordable, scalable and […]
FP Trading Desk (Canada) 02/21/2020 02:49
BEIJING — China reported an uptick in new cases of coronavirus on Friday, boosted by more than 200 people testing positive for the disease in two prisons outside of Hubei province, the epicenter of the outbreak. As international authorities tried to stop the outbreak in China from becoming a global pandemic, finance leaders from the […]
FP Trading Desk (Canada) 02/21/2020 02:46
Japan’s Mitsubishi Materials Corp has sold its stake in Australian coal producer New Hope Corp for A$157.6 million ($104.00 million), cashing out after more than 30 years, as part of a realignment of its shareholding portfolio. A Mitsubishi Materials spokesman said the company was in the process of selling down its 11.21% stake in the […]
FP Trading Desk (Canada) 02/21/2020 02:42
HANOI — Vietnam’s manufacturing sector is suffering supply chain issues caused by the coronavirus epidemic, which may lead to a delay in production of Samsung Electronics’ new phones, the Ministry of Industry and Trade told Reuters on Friday. “Car, electronics and phone manufacturers are experiencing difficulty in acquiring supplies and materials due to disruptions from […]
FP Trading Desk (Canada) 02/21/2020 02:41
TOKYO — Japanese automakers on Friday delayed the restart of plants in China near the epicenter of the coronavirus outbreak, in compliance with local directives, raising the risk of further supply disruptions that could affect global car production. Nissan Motor Co said it would keep its plants in Xianyang, Hubei Province, and Zhengzhou, Henan Province, […]
FP Trading Desk (Canada) 02/20/2020 04:41
European shares eased from record highs on Thursday, as a raft of disappointing earnings added to fears about the global impact of the coronavirus outbreak after research suggested it was more contagious than previously thought. The pan-European STOXX 600 shed 0.3%, led by a 1.2% fall in insurance stocks after Swiss Re posted a lower-than-expected […]
FP Trading Desk (Canada) 02/20/2020 04:35
Emerging markets stocks faltered on Thursday, on fears of a global spread of the coronavirus after a spike in new cases in South Korea, while currencies in the developing world reeled under pressure from safe-haven buying of the U.S. dollar. Investors dumped emerging market assets as research suggested that the pathogen is more contagious than […]

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