Cosco after a high volume selldown, today formed a hammer candle. Could it be time for a technical rebound?
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BBC News – Business- Coronavirus: Starbucks closes 2,000 Chinese branchesThe coffee giant is shutting half of its stores in the country and warns of the outbreak's financial impact.
- CEO Secrets: Wipro boss on taking the 'risky path' at workAbidali Neemuchwala, boss of the global Indian IT firm Wipro, shares his CEO Secrets.
- Diabetes patients hit by glucose monitor shortageHealthcare firm Abbott has been forced to apologise for failing to provide enough of the devices.
- Will the Bank of England cut interest rates?Some think the Bank's Monetary Policy Committee will seek a cut on Thursday to help lift the economy.
- Apple 'closely monitoring' coronavirusThe outbreak has clouded the firm's forecast for the upcoming quarter.
- Hounslow trader avoids jail in 'flash crash' caseNavinder Sarao pleaded guilty in 2016 to fraud and "spoofing" the stock market.
- Hound of Hounslow: Who is Navinder Sarao, the 'flash crash trader'?A self-taught British trader has been sentenced for his role in a £1tn US stock market crash.
- Airbus settles corruption probe for €3.6bnThe settlement deal is still subject to approval by courts in the UK, France and the US.
- Huawei set for limited role in UK 5G networksThe US failed to convince the prime minister to ban the Chinese firm from any involvement.
- Migrant salary threshold fall 'would boost public sector'Reducing the minimum by £4,400 would help recruit NHS staff and teachers, says an independent committee.
- Coronavirus: Starbucks closes 2,000 Chinese branches
- Reuters: Business News
- Investors find some Unilever foods hard to swallowSix months after Unilever's Alan Jope suggested he may get rid of brands without "purpose", investors are wondering when he will deliver.
- For airlines, China boom now exposes them to risk as coronavirus slams marketChina's growth has helped power a global aviation boom over the last decade, but as the country curtails travel in the face of a new coronavirus, a slowdown could hit the industry harder than ever before.
- Trump to sign North American trade pact at White House; key Democrats not invitedU.S. President Donald Trump will sign a new North American trade agreement on Wednesday in an outdoor ceremony at the White House to be attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal.
- Exclusive: Do or die - Nissan takes the axe to the house Ghosn builtNissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.
- Hong Kong stocks pull Asian shares lower but futures offer hopeAsian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.
- Focus at Goldman's first investor day will be on its consumer bank MarcusAs Goldman Sachs Group Inc approaches its first-ever investor day on Wednesday, all eyes are on its tiniest business division, the consumer bank, and how the Wall Street powerhouse will get it to grow.
- Fed likely to keep interest rates on hold, focus on balance sheetThe Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.
- China flexes oil refining muscle, upping pain for Asian rivalsChina is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry.
- Oil gains amid assessment of China virus impact, possible OPEC supply cutsOil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices.
- Tim Hortons pulls Beyond Meat products from Ontario, British ColumbiaRestaurant Brands International Inc's Tim Hortons said on Tuesday it has removed Beyond Meat Inc's products from its coffee and donut shops in the Canadian provinces of Ontario and British Columbia.
- Investors find some Unilever foods hard to swallow