 | | | | Financial vulnerabilities like high household debt could undermine central bank efforts to keep inflation in check, since they potentially limit the effectiveness of rate cuts, a top Bank of Canada official said on Thursday. | | | | | | Electronic Arts Inc forecast fourth-quarter revenue below analysts' estimates, weighed down by the delayed launch of its basketball title "NBA Live", while its "Apex Legends" battles "Fornite" and "PUBG" to attract young gamers. | | | | | | U.S. stocks rebounded late to close higher on Thursday after the World Health Organization (WHO) declared the China coronavirus a global emergency, while earnings painted a mixed picture. | | | | | | International Business Machines Corp said on Thursday its long-time chief executive officer Ginni Rometty was stepping down from the role and will be succeeded by the head of its cloud business Arvind Krishna, effective April. | | | | | | Global equity markets tumbled on Thursday as the death toll from China's coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond indicator as investors worried about the world's second-largest economy. | | | | | | Visa Inc missed analysts' estimates for revenue and posted a 14% rise in operating expenses for the first quarter on Thursday, sending its shares down nearly 2%. | | | | | | Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyBest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo. | | | | | | Amazon.com Inc on Thursday said its sales jumped during the holiday season and profit far exceeded expectations, as the world's biggest online retailer shortened delivery times and drew more shoppers to its loyalty club Prime. | | | | | | Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a near-term financial hit as a result of the epidemic, Chief Financial Officer Harmit Singh said on Thursday. | | | | | | U.S. farm bankruptcy rates jumped 20% in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data. | | | | | | Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly signed North American trade pact. | | | | | |
