Sunday, 19 May 2024

Business

Business News Today: Get all the Latest Business News, Economy News, International Business News on the news24x7world.com. Read Business News …

Wall Street leads stocks higher, oil falls as virus concerns linger

NEW YORK (Reuters) – Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy. The Japanese yen and U.S. and German bond prices gave back […]

Starbucks to launch Beyond Meat plant-based breakfast sandwich in Canada

NEW YORK (Reuters) – Starbucks Corp (SBUX.O) said on Wednesday its Canadian stores will start selling a Beyond Meat Inc (BYND.O) plant-based breakfast sandwich next week, the first time the world’s biggest coffee chain will offer an imitation meat product. The Seattle-based company said its Beyond Meat sandwich, which will be topped with cheddar cheese […]

Stocks, oil fall further on accelerating coronavirus concerns

NEW YORK (Reuters) – Stocks and oil prices tumbled again on Tuesday and the benchmark U.S. debt yield hit a record low on growing concern about the effects of the spread of coronavirus on the global economy. The market sell-off followed the largest losses in stocks in over two years on Monday and accelerated after […]

Stocks, oil fall further on accelerating coronavirus concerns

NEW YORK (Reuters) – Stocks across the globe fell on Tuesday to their lowest since early December and the benchmark U.S. debt yield hit a record low on concerns about the economic hit of the spread of the novel coronavirus. The market selloff accelerated after the U.S. Centers for Disease Control and Prevention said Americans […]

Fed's Clarida: We are 'closely monitoring' impact of coronavirus

WASHINGTON (Reuters) – The Federal Reserve is “closely monitoring” the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on the U.S. economy. […]

Fed's Clarida: We are 'closely monitoring' impact of coronavirus

WASHINGTON (Reuters) – The Federal Reserve is “closely monitoring” the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on the U.S. economy. […]

Global stocks sink further on lingering coronavirus fears

NEW YORK (Reuters) – Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus. The yen strengthened against the dollar end euro in a sign traders were in […]

Morrisons slash price of large Easter eggs and prices start from £2

As soon as one celebration is over, it’s onto the next and we’re pretty excited about Easter – family time, hot cross buns and overindulging in chocolate. Savvy shoppers have been quick to notice that Morrison’s currently has a half price offer on large Easter eggs making them just £2. Various Cadburys and Mars Easter […]

Tesco completes China exit with $357 million stake sale

LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) has completed its exit from China with the 275 million pound ($357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH). Having struggled to crack the Chinese market, Tesco established the Gain Land venture with CRH in 2014, combining the British group’s […]

Coronavirus sparks deepest S&P 500 drop since early 2018

SAN FRANCISCO (Reuters) – The S&P 500 suffered its worst day in two years on Monday as a surge in coronavirus cases outside China rattled investors already worried about valuations following recent record highs. The S&P 500’s 3.35% slump was the leading U.S. stock index’s deepest one-day loss since February 2018, when Wall Street was […]