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Hedge fund manager to lead Norway sovereign fund after $124 billion loss

Norway's sovereign wealth fund, the world's largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion this year as stock markets tanked due to the coronavirus pandemic......»»

Category: topSource: reutersMar 26th, 2020

Norway"s sovereign fund loses $124 billion as markets crash

Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday......»»

Category: topSource: reutersMar 26th, 2020

Samsonite International S.A. Announces Final Results for the Year Ended December 31, 2019

HONG KONG, March 18, 2020 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), the world's best-known and largest lifestyle bag and tr.....»»

Category: earningsSource: benzingaMar 18th, 2020

Infected Asia. How American businesses are losing money because of COVID-19

Coronavirus led to the largest stock market crash in 10 years. Investors are selling stocks and energy resources are getting cheaper. The world’s we.....»»

Category: blogSource: valuewalkMar 11th, 2020

Aon to acquire Pittsburgh"s largest employee benefits firms

Aon plc on Monday said it is acquiring Willis Towers Watson plc in a $30 billion all-stock deal. They are, respectively, the second and third largest insurance brokerages in the world. Willis Towers Watson (NASDAQ:WLTW) is the largest employee bene.....»»

Category: topSource: bizjournalsMar 9th, 2020

Coronavirus to hit world economy harder than US: Rogoff

The coronavirus has hammered global stock markets and hindered production in China, the world's second-largest economy......»»

Category: topSource: foxnewsMar 5th, 2020

Wall Street bounce too little, too late as world stocks post shock weekly decline

Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week......»»

Category: topSource: reutersFeb 28th, 2020

Market Extra: Here are 5 reasons the stock market booked its worst decline since 2008, and only one of them is the coronavirus

The virus has virtually crippled swaths of manufacturing in China, the second-largest economy in the world, and the country is a big buyer of products and services from other countries. U.S. technology companies such as Apple depend on Chinese supplies......»»

Category: topSource: marketwatchFeb 28th, 2020

Stock markets melt on coronavirus fears, U.S. Treasury yields hit fresh lows

Coronavirus panic sent world stock markets tumbling again on Friday, putting them on course for their largest weekly fall since the 2008 global financial crisis, with over $5 trillion wiped from global market value so far this week......»»

Category: topSource: reutersFeb 28th, 2020

Market Extra: Here are 5 reasons the stock market is having its worst decline since 2008, and only one of them is the coronavirus

The virus has virtually crippled swaths of manufacturing in China, the second-largest economy in the world, and the country is a big buyer of products and services from other countries. U.S. technology companies such as Apple depend on Chinese supplies......»»

Category: topSource: marketwatchFeb 27th, 2020

Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to stock-market investors

A more apropos adage for today’s market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession......»»

Category: topSource: marketwatchFeb 24th, 2020

NewsWatch: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market

A more apropos adage for today’s market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession......»»

Category: topSource: marketwatchFeb 22nd, 2020

Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market

A more apropos adage for today’s market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession......»»

Category: topSource: marketwatchFeb 22nd, 2020

Asian shares drop, commodities sink on virus fears after Lunar New Year break

Asian shares stumbled on Monday, oil skidded and commodities on Chinese exchanges plunged on their first trading day after a long break on fears the coronavirus epidemic will hit demand in the world's second-largest economy.....»»

Category: topSource: reutersFeb 2nd, 2020

Tesla is on a tear and is now the world"s No. 2 automaker by market capitalization

PewDiePie/YouTube Tesla bested Volkswagen last week, becoming the world's No. 2 largest automaker by market capitalization.  And its soaring stock price, thanks to record sales in 2019 and a new factory in Shanghai, has sealed its p.....»»

Category: topSource: businessinsiderJan 29th, 2020

Stock Futures firm ahead of key jobs report

U.S. stock index futures rose on Friday, helped by gains in high-growth technology names including Apple, while investors turned to the closely watched jobs report for confirmation that the world's largest economy remains healthy......»»

Category: topSource: reutersJan 10th, 2020

Tesla Breaks Ground in Shanghai: Deliveries Begin in World"s Largest EV Market

Luxury electric vehicle maker make progress to establish itself globallyCheck out Chuck Akre Stock Picks » Download GuruFolio Report of Chuck Akre (Updated on 01/07/2020)Related Stocks: TSLA, NIO,.....»»

Category: blogSource: gurufocusJan 8th, 2020

Gruma: The Largest Producer of Tortillas in the World

The company receives over half it revenue in the US as Hispanic population growsCheck out First Eagle Investment Stock Picks ».....»»

Category: blogSource: gurufocusDec 16th, 2019

Bond Report: Treasury yields climb as upbeat China data and hope of a trade detente lift stocks

U.S. Treasury yields follow global stock-markets higher on Monday amid growing hopes for a de-escalation of tensions between the two largest economies in the world, following the announcement of a phase one trade deal last week......»»

Category: topSource: marketwatchDec 16th, 2019

Aramco shares debut with a bang on Saudi Stock Exchange

Aramco shares rocketed up 10% as the oil giant started trading in Saudi Arabia. WSJ's Alex Frangos explains why local investors rushed to buy a piece of the world's largest ever IPO. Photo: Aramco handout.....»»

Category: topSource: moneycentralDec 11th, 2019