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25 Feb Weak economy and virus threaten UK spending pledges

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Sunak’s Budget will be first in ‘trilogy’ of statements this year

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25 Feb Jesuit order to ditch fossil fuels from $500 mln equity portfolio

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Catholic religious order Jesuits in Britain will ditch fossil fuel companies from its $500 million equity portfolio by the end of the year, it said on Wednesday, citing corporate failure to respond quickly to the threat of climate change.

25 Feb Hong Kong to announce largest budget in a decade amid protests, coronavirus

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Hong Kong is expected to announce its largest budget deficit in at least a decade on Wednesday to cushion the shock of often-violent protests and the outbreak of a coronavirus on the recession-hit economy.

24 Feb U.S. junk energy index spread widens to three-year high

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Credit investors nervous about the threat the coronavirus poses to the global economy have pulled money out of riskier bonds, widening the spread of U.S. junk-rated energy debt over Treasuries to a three-year high on Tuesday.

24 Feb UPDATE 4-In first public results, Branson’s Virgin Galactic posts $73 mln quarterly loss

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Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc, said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.

24 Feb Hong Kong banks face coronavirus toll on asset quality, loan growth

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Hong Kong's banks face at least two quarters of worsening asset quality and slowing loan growth as the coronavirus outbreak hits trade and consumer banking, analysts and bankers said.

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24 Feb REFILE-UPDATE 2-Mallinckrodt agrees to $1.6 bln opioid settlement, unit to seek bankruptcy

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Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file for bankruptcy in order to resolve thousands of lawsuits alleging it helped fuel the U.S. opioid epidemic.

24 Feb UK submarines to use US technology for nuclear warheads

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Opposition politicians concerned decision made without parliamentary scrutiny

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24 Feb ‘Blue collar’ Tories want Budget freeze on fuel duty

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Decision will be early test of Johnson’s commitment to newly won seats

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24 Feb Toll Brothers misses profit estimates as lower prices weigh, shares fall

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U.S. luxury homebuilder Toll Brothers Inc missed Wall Street estimates for quarterly profit on Tuesday, as lower prices weighed on margins, sending its shares down 8% in extended trading.

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News

25 Feb Weak economy and virus threaten UK spending pledges

25 Feb Jesuit order to ditch fossil fuels from $500 mln equity portfolio

25 Feb Hong Kong to announce largest budget in a decade amid protests, coronavirus

24 Feb U.S. junk energy index spread widens to three-year high

24 Feb UPDATE 4-In first public results, Branson’s Virgin Galactic posts $73 mln quarterly loss

24 Feb Hong Kong banks face coronavirus toll on asset quality, loan growth

24 Feb REFILE-UPDATE 2-Mallinckrodt agrees to $1.6 bln opioid settlement, unit to seek bankruptcy

24 Feb UK submarines to use US technology for nuclear warheads

24 Feb ‘Blue collar’ Tories want Budget freeze on fuel duty

24 Feb Toll Brothers misses profit estimates as lower prices weigh, shares fall

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