News Wire

Zimbabwe freezes Chinese firm's account over currency manipulation

15h55 Zimbabwe's central bank has frozen an account of a Chinese company it accused of manipulating the local currency, which lost ground against the dollar on the black market this week.  Full story

EU council head calls budget meeting for Feb. 20

18h24 European Council President Charles Michel on Saturday called a meeting of EU leaders for Feb. 20 to decide on the bloc's long-term budget for the next seven years, an issue that has split the. . .  Full story

EU plans more protectionist antitrust rules, data sharing in policy shake-up

17h58 The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a. . .  Full story

SoftBank says former employee arrested on suspicion of leaking company info

17h57 A former employee of SoftBank Group Corp's wireless business has been arrested on suspicion of leaking company information, the telecommunications firm said on Saturday.. . .  Full story

U.S. Treasury's Mnuchin says he has learned his lesson on dollar comments

16h49 U.S. Treasury Secretary Steven Mnuchin said on Saturday he had learnt the hard way to be guarded in his comments on the dollar after roiling financial markets in 2018 by breaking from the usual. . .  Full story

U.S. Treasury chief Mnuchin says optimistic about U.S.-UK trade deal

16h46 U.S. Treasury Secretary Steven Mnuchin said that he was optimistic the United States and Britain, soon to be out of the European Union, would strike a trade deal this year and that he had. . .  Full story

India, Brazil sign 15 accords to deepen ties across range of sectors

16h36 India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defense, both countries' leaders tweeted on Saturday.. . .  Full story

Blockade slashes Libya's oil output by three quarters - NOC

15h53 Libya's National Oil Corporation (NOC) said on Saturday that oil production had dropped to 320,154 barrels per day (bpd) by Jan. 23, from 1.2 million bpd before a week-long blockade that. . .  Full story

Brazil's Bolsonaro rules out Economy Minister's 'sin tax' idea

15h03 Brazil's President Jair Bolsonaro has ruled out a so-called "sin tax" on beer, cigarettes and sugary food products, an idea floated earlier in the week by Economy Minister Paulo Guedes at the World Economic Forum. . .  Full story

French central banker says digital currency cannot be private

14h08 Digital currency could be useful as cash transactions dwindle in some countries but central banks should be in charge of issuing it, not private companies, Bank of France Governor Francois Villeroy de Galhau said. . .  Full story

India's ICICI Bank Dec quarter net profit nearly trebles

12h01 India's ICICI Bank, the country's second largest private lender, reported a near trebling of its quarterly profit on Saturday, helped by a rise in retail loans and improving asset quality.. . .  Full story

Foreign investors bought fewer Nigerian stocks last year -bourse

10h40 Foreign investors bought fewer Nigerian stocks in 2019 than the previous year, stock exchange data showed, after hopes for reforms that could lift Africa's biggest economy faded.. . .  Full story

Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies

10h13 Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted. . .  Full story

UK to use high tariff threat to raise pressure in trade negotiations - The Times

03h11 British Prime Minister Boris Johnson is mulling to use the threat of high tariffs to raise pressure on the European Union, the United States and other nations to strike trade deals with Britain, The. . .  Full story

Fiat Chrysler asks U.S. court to toss out GM racketeering claims -filing

03h10 Fiat Chrysler Automobiles NV on Friday urged a federal judge to throw out a General Motors Co's lawsuit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put. . .  Full story

Angola may ask Portugal to seize dos Santos' assets, says prosecutor

02h07 Angola may ask Portuguese authorities to seize assets belonging to Isabel dos Santos, billionaire daughter of a former Angolan president, who is a suspect in a fraud investigation, Angola's attorney general said on Friday.. . .  Full story

Cattle futures set multi-month lows as China virus fears hit markets

01h19 U.S. live and feeder cattle futures touched their lowest prices in months on Friday as traders booked profits amid fears about the spread of a new virus from China.. . .  Full story

Fitch upgrades Greece credit rating on improving debt situation

00h13 Fitch Ratings on Friday upgraded Greece's credit rating to 'BB' from 'BB-', saying that GDP growth and fiscal prudence were leading to government debt remaining at sustainable levels.. . .  Full story

Soybean futures hit six-week low as China virus sparks selling

00h10 U.S. soybean futures sank to their lowest level in more than six-weeks on Friday as fears over the coronavirus spreading from China triggered broad-based selling. Corn and wheat futures also weakened. . .  Full story

China virus fears spook U.S. shares, oil prices

24/01 U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand.. . .  Full story

The S&P 500 has worst day since October as virus fears mount

24/01 Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months.. . .  Full story

Brent logs worst weekly loss in a year as China virus fears swell

24/01 Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world's second-largest oil. . .  Full story

U.S. yields drop as new virus fears escalate

24/01 U.S. Treasury prices advanced on Friday, pushing yields lower for a fourth straight session, as news of the latest coronavirus spreading outside China continued to undermine risk appetite and spur demand for safe-haven assets.. . .  Full story

Dollar dips vs yen as investors reach for safe havens on virus scare

24/01 The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand.. . .  Full story

Argentine soy crusher Vicentin in takeover talks with firms including Glencore -sources

24/01 Argentina's top exporter of processed soy, Vicentin, is in talks over a potential takeover deal with firms including European grains giant Glencore to help resolve a debt crisis, according to two sources close to. . .  Full story

U.S. business borrowing for equipment rises about 2% in December - ELFA

24/01 U.S. companies' borrowings for capital investments rose about 2% in December from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Friday.. . .  Full story

MercadoLibre's financial unit to boost credit ops, ease cash withdrawals in 2020

24/01 Argentinian fintech Mercado Pago, a unit of e-commerce company MercadoLibre, is launching new services to users of its app-based wallet, including credit lines and cash withdrawal options, as part of efforts to gain scale as. . .  Full story

Latam assets dip as China virus fears diminish risk appetite

24/01 Latin American assets retreated on Friday amid renewed concerns over the economic fallout from a Chinese coronavirus, especially after the United States confirmed a second case. While the World Health. . .  Full story

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Gold scales two-week peak as virus fears fuel safe-haven bids

24/01 Gold jumped to a more than two-week high on Friday as the latest updates on the coronavirus dented risk sentiment, and prompted a flight into safe-haven assets.. . .  Full story

-Payments processor WEX to acquire eNett and Optal for about $1.7 bln

24/01 Fintech company WEX Inc said on Friday it would buy payments services providers eNett and Optal for about $1.7 billion to strengthen its presence in the online travel bookings market, which is expected to. . .  Full story

Finablr stock dives on debt deal in fresh blow to billionaire owner

24/01 Shares in payments company Finablr plunged 27% on Friday after it disclosed its majority owner, UAE-based Indian billionaire B. R. Shetty, had pledged over half the company's stock as security against debts it incurred buying. . .  Full story

New industries may spawn Brazilian unicorns in 2020 -executives

24/01 Brazil's so-called unicorns, startups valued above $1 billion, are seen expanding in 2020 beyond the industries that have supplied them so far - large fintechs, delivery companies and mobility apps, executives said.. . .  Full story

Soybean futures hit six-week low as China coronavirus sparks selling

24/01 U.S. soybean futures hit a six-week low and grain futures slumped on Friday as fears over the coronavirus spreading from China triggered broad-based selling. The U.S. Centers for Disease Control and. . .  Full story

Lebanese finance minister to meet IMF official on Saturday

24/01 Lebanese Finance Minister Ghazi Wazni will meet with IMF Alternative Executive Director Sami Geadah on Saturday, a finance ministry statement said on Friday, as a new government grapples with a spiralling financial crisis.. . .  Full story

Cyprus accused of blocking new Russia sanctions amid Turkey spat

24/01 Cyprus is blocking new European Union sanctions against several officials from Russia-annexed Crimea in a bid to secure EU backing for tougher action against Turkey in a separate row over drilling for hydrocarbons, three diplomatic. . .  Full story

U.S. drillers add oil rigs for second week in a row - Baker Hughes

24/01 U.S. energy firms added oil rigs for a second consecutive week, raising doubts over producers' plans to continue reducing spending on new drilling for a second year in a row in 2020.. . .  Full story

Fiscal policies of main Irish parties vying for power

24/01 Ireland's two largest parties, the governing Fine Gael and main opposition Fianna Fail, laid out their economic policies in election manifestos on Friday ahead of a Feb. 8 poll.. . .  Full story

Nestle teams up with Canadian plant-based ingredient makers

24/01 Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.. . .  Full story

Four-comma club: Predicting the next company to join trillion-dollar value elite

24/01 The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.. . .  Full story

Boeing weighing new 787 Dreamliner production cut - sources

24/01 Boeing Co is weighing another production cut of its 787 Dreamliner, but may not have to take that step depending on the size and timing of orders from China stemming from a recent U.S.. . .  Full story

Intel's blockbuster results lift shares to dotcom peak, fire up sector

24/01 Intel Corp's shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker's data center business and allayed concerns of market share loss to rival AMD, lifting. . .  Full story

Copper posts steepest weekly drop since 2015 on virus fears

24/01 Copper prices recorded their biggest weekly fall in five years on Friday on concerns that the spread of the coronavirus could hit the Chinese economy and metals demand.. . .  Full story

Lukashenko asks to meet Putin with Russian oil supplies to Belarus set to dry up

24/01 Belarusian President Alexander Lukashenko on Friday proposed a meeting with his Russian counterpart Vladimir Putin to resolve a row over oil supplies, Belarus' state news agency Belta said, with Moscow's exports to Minsk set to. . .  Full story

European shares jump as positive PMI paints rosier picture

24/01 European shares rose on Friday, their first positive session of the week, as better-than-expected business activity data from the bloc pointed to a likely recovery in 2020.. . .  Full story

Bombardier scrambles to craft rail merger with Alstom, Hitachi - sources

24/01 Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.. . .  Full story

FTSE 100 powers through as WHO tempers China virus fears

24/01 London's main index jumped on Friday as nerves eased after the World Health Organisation issued a measured assessment of the new coronavirus in China, while midcap-listed payments group Finablr tumbled.. . .  Full story

Thyssenkrupp to kick off auction for plant building unit-sources

24/01 Ailing German conglomerate Thyssenkrupp is planning to kick off the auction for its plant-building unit soon, two people familiar with the matter said, adding the business is unlikely to fetch sizeable offers.. . .  Full story

Novartis, GBT sickle cell drugs too expensive, draft U.S. report says

24/01 Sickle cell disease drugs made by Novartis and Global Blood Therapeutics (GBT) may not be cost effective at current prices, a draft report published on Friday suggested, widening the debate over U.S. healthcare affordability.. . .  Full story

Wall St Week Ahead-Hopes are high for tech stock 'Cadillacs'; so are their prices

24/01 Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.. . .  Full story

Walmart testing higher minimum wage for some employees

24/01 Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.. . .  Full story

AMS investors approve capital increase to fund Osram takeover

24/01 AMS shareholders approved a 1.7 billion euros ($1.9 billion) capital increase to fund the Osram takeover on Friday, bringing the Austrian group closer to its goal of forming a European leader in sensors and lights.. . .  Full story

Euro zone bond yields stay low as global fears outweigh positive data

24/01 Euro zone bond yields held at multi-week lows on Friday, brushing aside positive business activity data as additional cases of coronavirus sparked concern.. . .  Full story

Libya's oil industry caught in middle of power struggle

24/01 A blockade on oil ports and fields in Libya is shutting down production from the OPEC member, potentially taking more than one million barrels per day (bpd) of oil off the market.. . .  Full story

RWE CEO signals he might step down next year - Spiegel

24/01 Rolf Martin Schmitz, the chief executive of German utility RWE, might step down from his post following a far-reaching restructuring that has turned the group into Europe's third-largest renewables provider, he told a German magazine.. . .  Full story

EXPLAINER-What do we know about Trump's Mideast peace plan?

24/01 More than two years after he first proposed a peace plan for Israel and the Palestinians, U.S. President Donald Trump said on Thursday he would reveal details on how he will tackle the long. . .  Full story

IMF aid to Congo Republic on hold over Glencore, Trafigura impasse

24/01 Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled. . .  Full story

Asian LNG prices touch more than 10-year low

24/01 Asian spot prices for liquefied natural gas (LNG) plummeted to multi-year lows this week, pressured by a lack of demand to consume abundant supplies.. . .  Full story

Danish authorities struggling with surge in suspicious money flows

24/01 Reports of suspicious transactions submitted by banks and betting firms in Denmark have increased tenfold in recent years, straining anti-money laundering authorities which drew heavy criticism on Friday from a state auditor.. . .  Full story

U.S. Treasury Secretary Mnuchin expects next China trade talks in 'near future'

24/01 U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.. . .  Full story

TSX near record high as virus fears subside

24/01 Canada's main stock index hovered near an all-time high on Friday after the World Health Organisation tempered fears over the coronavirus outbreak in China.. . .  Full story

Pound drops as rate cut remains possible despite better data

24/01 Sterling retreated on Friday after initially strengthening, as some investors still expected an interest rate cut next week even though business surveys pointed to a post-election bounce in the British economy.. . .  Full story

Capesize index marks biggest weekly loss in nearly 21 years

24/01 The Baltic Exchange's main sea freight index fell to an over three year low on Friday, with the capesize segment marking its biggest weekly loss since March 1999.. . .  Full story

UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk

24/01 Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a. . .  Full story

Global carbon trading turnover at record $214 bln last year -research

24/01 The turnover in global emissions trading hit a record high last year of $214 billion as prices rose on current or expected stricter regulation, research by Refinitiv showed on Friday.. . .  Full story

Deutsche Bank names former German politician, critic to board

24/01 Deutsche Bank on Friday appointed https://www.db.com/newsroom_news/2020/sigmar-gabriel-nominated-to-join-deutsche-bank-s-supervisory-board-en-11462.htm former German government minister Sigmar Gabriel, who once criticised the lender for a business model built on speculation, to its supervisory board. . .  Full story

Take Five: When China sneezes

24/01 1/OUTBREAK Wuhan in central China is the size of London. But these days, flights to and from the city are cancelled, highways are shut and soldiers guard the railway station, as China tries to quarantine. . .  Full story

Siemens buys Indian electrification company in $296 million deal

24/01 Siemens is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said on Friday.. . .  Full story

Canadian dollar edges lower as oil prices slip on China virus scare

24/01 The Canadian dollar edged lower against its U.S. counterpart on Thursday, lingering close to the one-month low hit in the previous session, as the coronavirus outbreak weighed on oil prices. The. . .  Full story

Financier doubts add to Boeing's MAX headaches

24/01 To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.. . .  Full story

India likely to raise import duties on more than 50 items next week

24/01 India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said.. . .  Full story

EU, China and 15 others agree temporary fix to WTO crisis

24/01 The European Union, China and 15 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting. . .  Full story

Sri Lanka shares tick up, post first weekly gain in 2020

24/01 Sri Lankan shares rose for a fourth straight session on Friday, helped by gains in consumer stocks, with the index posting its first weekly gain since the turn of the year.. . .  Full story

Priced for perfection, oil slides on fears coronavirus will hit demand: Kemp

24/01 China's outbreak of novel coronavirus has sent oil prices sharply lower as traders reassess whether the country will be able to generate the strong economic growth needed to rebalance the market in 2020.. . .  Full story

India's rice exports fall sharply as sanctions delay payments from Iran

24/01 Reluctance among Indian traders to ship premium basmati rice to Iran as U.S. sanctions hobble its ability to pay has contributed to a sharp drop in overall exports from the world's biggest supplier of. . .  Full story

Absent Iran faces detente calls from worried West and Middle East

24/01 Iranian foreign minister Javad Zarif skipped this year's Davos, but Tehran was still a hot topic for many Western and Middle Eastern powers hoping for detente less than three weeks after the United States killed. . .  Full story

-Belarus touts U.S. as possible alternative to Russian oil - Belta

24/01 Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency. . .  Full story

Asia Gold-Demand tepid as holidays, virus threat choke activity

24/01 Physical gold demand was subdued in major Asian hubs this week on account of the Lunar New Year holidays, with growing fears the coronavirus outbreak in China could further dampen activity.. . .  Full story

Lebanon and Japan have 40 days to agree on Ghosn's fate -sources

24/01 Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn. . .  Full story

Barrick Gold's 'long safari' ends with Tanzania deal

24/01 Canada's Barrick Gold Corp signed a deal with Tanzania on Friday in which the government will take stakes in three gold mines, ending a long-running tax dispute and setting a template. . .  Full story

Lion Air to test investor appetite for stock market listing

24/01 Indonesia's Lion Air is launching a pre-marketing drive next week for a potential public float, three sources familiar with its plans said, as the airline seeks to win over investors more than a year. . .  Full story

Lam courts Davos elite with dim sum, as Hong Kong scrambles to contain virus

24/01 With dim sum, cocktails and gold chocolate coins, Hong Kong wrapped up its Davos charm offensive confident the financial hub is back on track, even as officials fly home to tackle a deadly flu-like virus.. . .  Full story

U.S. pushing India to buy $5-6 bln more farm goods to seal trade deal-sources

24/01 The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider. . .  Full story

Investors build war chests to buy bonds of distressed European companies

24/01 Years into a bond market bull-run, investors are banking on a brighter future for funds that buy the debt of financially troubled European companies whose bonds are offering meatier returns because they are more risky.. . .  Full story

ECB's Knot, Rehn speak in favour of simple 2% inflation target

24/01 The European Central Bank should adopt a simple inflation target of 2% and scrap its current "below, but close to, 2%" formulation which can confuse consumers and policymakers alike, two ECB rate-setters said on Friday.. . .  Full story

StanChart says advising staff to defer all business travel to Wuhan

24/01 Standard Chartered is advising its staff to avoid business travel to the Chinese city of Wuhan following a virus outbreak that has so far killed 26 people and infected more than 800.. . .  Full story

German shareholder group criticises Thyssenkrupp's strategy, ex-CEO payout

24/01 German investors' association DSW said on Friday it would not endorse Thyssenkrupp's supervisory board at the conglomerate's upcoming annual general meeting, saying group strategy lacked direction.. . .  Full story

New Atlantia CEO apologises for bridge disaster, seeks talks with government

24/01 The new CEO of Italy's Atlantia signalled a fresh approach on Friday to the crisis caused by the deadly collapse of a bridge operated by its motorway arm in 2018, apologising for the disaster. . .  Full story

Ericsson hit by higher 5G costs and weaker U.S. market

24/01 Sweden's Ericsson warned it faced higher costs this year as it rolls out new 5G networks and was also hit by a temporary slowdown in its U.S. market, sending its shares 7% lower on. . .  Full story

AmEx profit beats on strong U.S. holiday season spending

24/01 Credit card issuer American Express Co reported a fourth-quarter profit on Friday that beat analysts' estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment also. . .  Full story

India faces first fall in direct taxes in at least two decades -sources

24/01 India's corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, several senior tax officials told Reuters, amid a sharp fall in. . .  Full story

China's Jingye, British Steel unions agree to up to 500 job cuts

24/01 UK trade unions have reached a deal with China's Jingye Group about its provisional deal to buy British Steel, acknowledging that up to 500 jobs will go in exchange for protecting pay and employment. . .  Full story

German local utilities say threatened by hard coal exit plan

24/01 German local utilities group VKU said on Friday the government's draft plans to phase out hard coal fired power stations in the coming years as part of its climate efforts were a threat to. . .  Full story

Bank of England rate cut hangs in balance as Carney bows out

24/01 The Bank of England is closer to cutting interest rates next week than at any time in the last three years, as governor Mark Carney chairs his last policy meeting and Britain finally leaves. . .  Full story

French unions warn Macron pension strikes will drag on for months

24/01 France's hardleft trade unions on Friday threatened industrial action for months to come, as they searched for a way to force President Emmanuel Macron to ditch the biggest overhaul of the country's pension system. . .  Full story

Bayer faces fourth U.S. Roundup cancer trial in Monsanto's hometown

24/01 Bayer AG is set to face a fourth U.S. jury trial over allegations that its Roundup weed killer causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to. . .  Full story

Saudi Arabia says all options open at OPEC+ meeting, including further cuts

24/01 Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud said all options are open at an OPEC+ meeting in early March, including further cuts in oil production, Al Arabiya television reported.. . .  Full story

Polish carrier LOT acquires German airline Condor

24/01 Polish carrier LOT is acquiring Thomas Cook's German airline Condor, creating a leading aviation group in Europe carrying more than 20 million passengers a year, the companies said on Friday.. . .  Full story

Bargain hunters fire up rally in cannabis stocks

24/01 Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year.. . .  Full story

South African Airways has enough cash to pay January wages

24/01 South African Airways (SAA) has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said on Friday.. . .  Full story

Nokian Tyres sees weaker 2020 on Russia slowdown

24/01 Finland's Nokian Tyres on Friday warned of a significant fall in its 2020 operating profit hurt by its Russian operations, sending its shares sharply lower.. . .  Full story

DAVOS-BOJ's Kuroda says Japan economy likely contracted Q4 last year on typhoons

24/01 Bank of Japan Governor Haruhiko Kuroda said on Friday the economy likely suffered a contraction in the final quarter of last year, largely due to the hit to factory output from a string of typhoons. . .  Full story

SoftBank-backed CloudMinds slashes workforce amid cash burn -sources

24/01 SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the stock market, people familiar with the matter said.. . .  Full story

Greece to sell troubled nickel producer Larco's assets - minister

24/01 Greece plans to liquidate Larco, one of Europe's biggest nickel producers which is struggling under heavy debt, and then look for an investor for some of the company's assets, its energy minister said on. . .  Full story

Remy Cointreau shares slump after sales drop, coronavirus concern

24/01 Remy Cointreau wiped almost half a billion dollars off its stock market value on Friday after posting a sharp drop in quarterly sales and warning over the potential impact of the coronavirus outbreak on. . .  Full story