Business

SEOUL (Reuters) – Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan (JPM.N), NH Investment and Securities (005940.KS) and others to handle its initial public offering (IPO), according to media reports. Goods of K-pop idol boy band BTS are seen on display at a pop-up store selling BTS merchandise

SYDNEY (Reuters) – Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage in Tokyo, Japan February 3,

NEW YORK (Reuters) – Shake Shack Inc (SHAK.N) expects its delivery sales to be volatile throughout 2020 after its move last year to an exclusive partnership with third-party platform Grubhub Inc (GRUB.N), it said on Monday. FILE PHOTO: Customers wait for their food inside of a Shake Shack store in New York, U.S., September 27,

FILE PHOTO: A Huawei logo is seen on a device at a media event in London, Britain, February 18, 2020. Picture taken February 18, 2020. REUTERS/Peter Nicholls (Reuters) – U.S. government officials are still considering ways to further curb sales to China’s Huawei Technologies, despite President Donald Trump’s tweets and comments last week in support

New York (Reuters) – Wall Street’s three major averages plunged on Monday as investors ran for safety after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Investors sold riskier assets and rushed to traditionally safer bets such as gold and U.S. Treasuries after countries including

(Reuters) – While Wall Street’s broader indexes fell sharply on Monday on concerns about coronavirus, investors turned to some consumer companies as they bet on stock-piling of products such as disinfectants and shelf-stable foods. FILE PHOTO: A Wall Street sign is seen outside of the New York Stock Exchange September 19, 2008. REUTERS/Lucas Jackson/File Photo

LONDON (Reuters) – Bank of America (BAC.N) has appointed Jérôme Morisseau as its head of investment banking for France as it seeks to bolster its Paris franchise and win more business from large French clients, a memo seen by Reuters said. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of

(Reuters) – The Dow Jones Industrials shed 1,000 points on Monday and the S&P 500 was set for its worst day in two years as a surge in coronavirus cases outside China clouded global growth outlook. Several countries including Iran, Italy and South Korea reported a rise in virus cases over the weekend, fanning fears

(Reuters) – The blue-chip Dow Jones Industrial Average index briefly fell more than 1,000 points on Monday, as investors dumped riskier assets after a jump in coronavirus cases outside China fueled global growth worries. At 12:19 a.m. ET, the Dow was down 973.17 points, or 3.36%, at 28,019.24, the S&P 500 was down 108.87 points,

WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental concerns. FILE PHOTO: Visitors pass a logo of Teck Resources Ltd mining company during the Prospectors

FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed/File Photo WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the

(Reuters) – The Dow Jones Industrials index was set to shed nearly 800 points at the open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth. A trader works on the trading floor after the closing bell at the

LONDON (Reuters) – Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand. Global shares also extended losses as worries about the impact of the virus grew, with the number of infections jumping in Iran, Italy and South Korea.

RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 U.S.-China trade deal, although that could change as more data becomes available in coming weeks. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during

FILE PHOTO: Unicredit bank CEO Jean Pierre Mustier poses during the shareholders meeting in Rome, Italy, January 12, 2017. REUTERS/Remo Casilli/File Photo MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for

A shopper walks into a Primark store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela LONDON (Reuters) – Primark owner Associated British Foods (ABF.L) warned on Monday there was a risk of supply shortages on some lines later in