It seems inconceivable that the coronavirus outbreak, which killed more than 811 people and shut down two-thirds of China’s economy, could be bullish for stocks. Yet Shenzhen’s private sector-heavy ChiNext Index not only brushed away a selloff, but also hit a three-year high on February 6. The most obvious explanation? This epidemic is giving policymakers the opportunity to correct past ...

Bernard Arnault, the boss of LVMH Moet Hennessy Louis Vuitton SE, exceeded even his own incredibly low yield expectations in his company’s giant bond sale— which included the biggest corporate issue in euros since 2016. The luxury giant raised 7.5 billion euros ($8.3 billion) and 1.55 billion pounds ($2 billion), over a range of maturities from two to 11 years, ...

Boeing deserves blame for many things, but dragging US economic growth below 3% isn’t one of them. US Treasury Secretary Steven Mnuchin told Fox Business that Boeing Co. is a big reason the US won’t see the 3% expansion in gross domestic product that the Trump administration had been predicting for 2020. The Max crisis will shave 50 basis points ...

Acute fiscal stress is building in India’s states and municipalities, including the urban authority that manages the richest city, Mumbai. This matters. Local bodies hold the key to lasting solutions for a broader crisis of financial resources. The federal government’s chronic deficits dominate discussions about India’s precarious public finances. It’s time to flip this New Delhi-centric approach. State government accounts ...

Allow me to let you in on a little secret: Twitter Inc. isn’t a big user of its own product. That’s right, while the company’s main account @twitter has 57.1 million followers, it follows just one other, which doesn’t make it a very engaged account holder. And its tweet frequency is relatively low — even I have sent more tweets ...

In ousting Chief Executive Officer Tidjane Thiam, Credit Suisse Group AG is taking only a first step in rehabilitating its battered reputation. A spying scandal, embarrassing revelations on how the bank is run and a public spat at the top of the company have seriously tarnished a 163-year-old Swiss banking franchise whose clients depend on its discretion. The exit of ...

Bloomberg US equity futures fluctuated and stocks in Europe and Asia declined on Monday as investors struggled to gauge the economic hit from the spreading coronavirus while preparing for more corporate earnings. Treasuries and European bonds turned higher. Contracts on the three main American equity indexes swung between modest gains and losses. Travel and oil stocks helped pull the Stoxx ...

Bloomberg India stocks fell, tracking peers across Asia, as appetite for risk remained subdued in the region. The S&P BSE Sensex declined 0.4% to 40,979.62 in Mumbai, its lowest level since February 4, while the NSE Nifty 50 Index slipped 0.6%. Markets across Asia traded in the red as investors weighed the impact from coronavirus on economic activity. Of the ...

Bloomberg The coronavirus outbreak in Asia is starting to ripple through the cryptocurrency world in some unanticipated ways — the cancellation of conferences and even the shuttering of facilities that process transactions. From the informal MeetUps held during the initial days of Bitcoin to the extravaganzas at the height of the crypto bubble, gatherings have been a key for wooing ...

Bloomberg Embraer SA’s top salesman expressed his concerns about European Union (EU) regulators for holding up an agreement to sell the company’s commercial plane business to Boeing Co. “I am better at supporting my team in designing and building and selling new aircraft than I am at the tedious environment or the structured environment of going through antitrust approval,” John ...