Yangzijiang is now showing a shooting star at 200 day moving average acting as resistance. Will there be a bearish confirmation? Cosco is also behaving similarly to Yangzijiang. Brothers moving together?
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BBC News – Business- Northern: Rail firm brought under government controlThe government is to take control of the troubled train operator after two years of passenger chaos.
- HS2: Final decision to be made on ThursdayThe London to Birmingham, Leeds and Manchester line could cost more than £100bn, a leaked report suggests.
- Boeing reports its first loss in two decadesThe bill for the 737 Max crisis helped push it to a $636m loss for 2019.
- Washing machine owners must re-check for fire riskThree more models are added to the recall list of Hotpoint and Indesit machines that can cause fires.
- StubHub told to clean up ticket salesThe Competition and Markets Authority has told ticket resale firm StubHub to make website changes.
- BT to charge people £50 for keeping old wi-fi routersPeople will be asked to send their wi-fi router and TV box back at their end of the contract.
- Ovo Energy to pay £8.9m for overcharging customersMore than half a million of the firm's customers received energy bills that were inaccurate.
- UK house price growth at 14-month high, says the NationwidePrices rose by 1.9% compared with a year ago, but the Nationwide expects property values to be flat in 2020.
- Hong Kong stock market takes a tumble on reopenCoronavirus fears see the Hang Seng Index drop 3% after re-opening following the Chinese New Year break
- 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.
- Northern: Rail firm brought under government control
- Reuters: Business News
- Fed leaves rates unchanged, offers no new guidance on balance sheetThe Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.
- Fed holds rates steady, offers no new guidance on balance sheetThe Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.
- KLM says it will scrap some flights to China due to the coronavirus outbreakKLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said late on Wednesday.
- Pompeo to Britain: Look again at Huawei 5G decisionThe United States on Wednesday urged Britain to rethink its decision to allow China's Huawei a role in 5G networks, cautioning that American information would only be allowed to pass across trusted networks.
- GE shares jump 10% on profit beat, higher 2020 cash targetGeneral Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020.
- FOMC statement from January 28-29 meetingFollowing is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
- Traders maintain bets on Fed pausing on policy till later in yearU.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling it was in any rush to do so.
- Trump signs USMCA, 'ending the NAFTA nightmare'; key Democrats not invitedPresident Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal.
- Shell appoints director Goh as deputy chairRoyal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.
- Boeing posts first annual loss in two decades as 737 MAX costs near $19 billionBoeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion, and the plane manufacturer indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
- Fed leaves rates unchanged, offers no new guidance on balance sheet