The Nation - Business
AOT faces plunge in passengers, impact from relief measures  
21/02-2020, Klokken: 01:47:00 GMT
The total  number of passengers at the  six airports under  Airports of Thailand (AOT) might contract by 10 per cent if the novel coronavirus outbreak drags on further, said president Nitinai Sirismatthakarn on Thursday (February 20).

EXAT, BEM settle dispute with new contracts 
21/02-2020, Klokken: 01:29:00 GMT
The Expressway Authority of Thailand (EXAT) and Bangkok Expressway and Metro Public Company Limited (BEM) on Thursday  (February 20) signed the  amended contracts for two  BEM expressways, which extended the company's concession terms, said EXAT chairman Surong Bulakul.

U.S. jobless claims rise a second week to 210,000, as forecast
21/02-2020, Klokken: 00:41:00 GMT
Filings for U.S. unemployment benefits increased for a second week, though remained near levels signaling that the labor market is historically tight.

Investor anxiety rises as coronavirus spreads outside China
21/02-2020, Klokken: 00:33:00 GMT
Investors are growing increasingly concerned about the rise in coronavirus cases outside China, threatening gains in riskier assets that propelled the S&P 500 index to an all-time high this week.

Domino's jumps 29%, most on record, on sustained sales growth
21/02-2020, Klokken: 00:10:00 GMT
Domino's Pizza jumped the most on record after reporting U.S. sales growth that outpaced expectations in the latest quarter -- a sign the pizza chain's ongoing investment in delivery and carryout is paying off.

In America's richest town, $500k a year is now below average
21/02-2020, Klokken: 00:06:00 GMT
You could easily drive through this leafy Silicon Valley suburb without realizing you were in America's richest neighborhood. From the road, it's all high brick walls and opaque gates.

Virus spurs record Korea Inc. bond sales in hunt for yield
21/02-2020, Klokken: 00:00:00 GMT
The spread of the coronavirus is sparking a boom in sales of safer South Korean corporate bonds amid expectations the central bank will cut interest rates to support a weakening economy.

Mortgage rates hold steady despite strong economic reports
20/02-2020, Klokken: 23:56:00 GMT
Mortgage rates were little changed this week.

Indonesia resumes rate cuts amid growing concerns over virus
20/02-2020, Klokken: 23:37:00 GMT
Indonesia's central bank cut its benchmark interest rate Thursday after a three-month pause, and lowered the growth forecast as the spread of the coronavirus threatens the outlook for Southeast Asia's biggest economy.

Morgan Stanley buys E-Trade in $13 billion shakeup to brokerage market
20/02-2020, Klokken: 21:24:00 GMT
Morgan Stanley is buying E-Trade in a $13 billion, all stock deal, the bank announced Thursday, bringing more consolidation to the brokerage market and giving Morgan Stanley a foothold with middle income customers.

CIMB Thai launches bond subscription service on banking app 
20/02-2020, Klokken: 19:22:00 GMT
CIMB THAI Bank has launched a new feature of it 's mobile banking application, enabling customers to subscribe corporate bonds under its distribution on their mobile devices.

Hatchet buried with expressway concession extensions
20/02-2020, Klokken: 15:06:00 GMT
The Expressway Authority of Thailand (EXAT) and Bangkok Expressway and Metro Public Company Limited (BEM) will likely formalise an extension of two BEM expressway contracts this week, EXAT chairman Surong Bulakul said on Wednesday (February 19).

Charoen, wife sell 30 million Berli Jucker shares
20/02-2020, Klokken: 13:16:00 GMT
Thai billionaire Charoen Sirivadhanabhakdi and his wife Khunying Wanna offloaded a combined 30 million shares of the SET-listed Berli Jucker at Bt39.50 per share.

SET Index plunges below 1,500 level in morning trade
20/02-2020, Klokken: 11:58:00 GMT
The Thai stock exchange index fell to1478.13, shedding 18.41 points, or 1.22 per cent, with trade volume worth Bt32.8 billion at around 11am.

US removes China from list of developing countries
20/02-2020, Klokken: 09:32:00 GMT
China, together with some other countries, has been removed from the United States' list of "developing "nations and considered as a "developed" country when it comes to international trade, according to a recent notice issued by the Office of the US Trade Representative.

Channel 3 plans another downsizing
20/02-2020, Klokken: 09:09:00 GMT
Channel 3 is planning to restructure its organisation to streamline its operations by downsizing to suit the changing market and viewer behaviour.

PG&E judge says bankrupt utility violated its probation terms
20/02-2020, Klokken: 08:53:00 GMT
The federal judge overseeing PG&E Corp.'s criminal probation lashed out at the company for falling "far behind" on fire safety progress as he considers whether to make the bankrupt California utility owner hire more tree trimmers and restrict how it pays managers bonuses.

Forever 21's new owners in talks to keep most U.S. stores open
20/02-2020, Klokken: 08:44:00 GMT
Forever 21 Inc.'s new owners plan to keep most of the fast-fashion chain's U.S. stores open under a new chief executive officer in the coming weeks when it emerges from bankruptcy.

Wells Fargo stock contrarians: Why some analysts still say 'buy'
20/02-2020, Klokken: 08:38:00 GMT
After more than three years of scandals and fallout at Wells Fargo & Co., a little improvement will go a long way. So says the small group of analysts who still recommend buying the stock.

Bitcoin: Fortress said to increase offer to purchase Mt. Gox claims
20/02-2020, Klokken: 07:53:00 GMT
Fortress Investment Group increased its offer to purchase creditor claims from the defunct Mt. Gox cryptocurrency exchange in the wake of this year's bitcoin rally.

Fed officials saw policy appropriate 'for a time' amid risks
20/02-2020, Klokken: 07:46:00 GMT
Federal Reserve officials viewed their current monetary policy as appropriate "for a time" while they remained on guard against domestic and global risks that could slow the longest U.S. expansion on record.

Gold tops $1,600 as virus fuels growth fears
20/02-2020, Klokken: 07:39:00 GMT
Fears that the coronavirus could be a disaster for the global economy and a drumbeat of speculation over central-bank stimulus are driving another rally in precious metals.

Stocks reach record highs after moves from China, Fed
20/02-2020, Klokken: 07:32:00 GMT
Equities advanced on signs that China may be planning further measures to support its economy as it reels from a virus-induced slowdown and after Federal Reserve officials signaled that they aren't anxious to raise interest rates anytime soon.

GE tries to break Rolls-Royce grip on engines for Airbus jet
20/02-2020, Klokken: 00:31:00 GMT
General Electric is in talks with Airbus to offer engines for the A330 jet, people familiar with the matter said, aiming to break Rolls-Royce's grip as the sole engine provider for the wide-body plane.

GE CEO stands by cash forecast despite pressure from 737 Max
20/02-2020, Klokken: 00:27:00 GMT
General Electric stood by its goal of boosting cash flow this year despite a near-term drag from the production halt of Boeing Co.'s 737 Max.

Puma CEO shows confidence shoe maker can ride out coronavirus
20/02-2020, Klokken: 00:22:00 GMT
Puma Chief Executive Officer Bjorn Gulden put a brave face on the retail crisis in China caused by the coronavirus, forecasting the German sporting-gear maker's revenue to gain 10% worldwide this year.

Siemens energy unit said to face cost inflation, hurting value
20/02-2020, Klokken: 00:18:00 GMT
Siemens plans to load its energy subsidiary with additional costs ahead of a planned separation, depressing the division's valuation and resulting in a stand-off between senior executives at the German engineering giant, according to people familiar with the plan.

Hedge funds keep backpedaling from S&P 500's biggest winners
20/02-2020, Klokken: 00:12:00 GMT
Some of the most prominent investors are breaking from the crowd that has been chasing the rally in U.S. technology stocks.

The first Airbus A380 super-jumbo to be sent for recycling
20/02-2020, Klokken: 00:02:00 GMT
The first Airbus A380 super-jumbo to enter commercial service, a plane meant to revolutionize air travel and now being broken up for spare parts, is returning to the skies in an altogether more diminutive form: luggage tags.

Fintech: Chime gives users paychecks early. It wants their savings too.
19/02-2020, Klokken: 22:50:00 GMT
In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital, doesn't have fees, offers a high savings rate-and might not technically be a bank at all.

AIS poised for launch of 5G service
19/02-2020, Klokken: 20:47:00 GMT
Advanced Info Service (AIS) stands ready to launch the 5G service, said its chief consumer business officer Pratthana Leelapanang on Wednesday (February 19).

Baht keeps strength despite coronavirus outbreak, economic decline
19/02-2020, Klokken: 20:23:00 GMT
The Thai economy in 2020 would expand at a much lower rate than previous forecast and way below its full potential, mainly due to the combined impact from the coronavirus outbreak, delay to enactment of the Annual Budget Expenditure Act and drought on a large number of businesses and employment, according to the minutes released today by the Monetary Policy Committee of the Bank of Thailand .

PTTEP clinches another exploration deal in Oman
19/02-2020, Klokken: 18:46:00 GMT
PTT Exploration and Production Public Company Limited (PTTEP), through its wholly-owned subsidiary PTTEP MENA Limited,and its strategic partner Total E&P Oman Block 12 B.V, signed an Exploration and Production Sharing Agreement (EPSA) for the onshore Block 12 with the Ministry of Oil and Gas of the Sultanate of Oman.

Dusit finds partner for Philippines hotels, residences
19/02-2020, Klokken: 16:57:00 GMT
Dusit International has signed an investment agreement with Filipino infrastructure holding company Metro Pacific Investments Corp (MPIC) to develop and manage hospitality and residential properties in the Philippines.

Thailand Post gets new president
19/02-2020, Klokken: 13:08:00 GMT
The board of directors of Thailand Post Co on February 18 appointed Korkij Danchaivichit as new president for four years, effective from March 2.

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19/02-2020, Klokken: 12:54:43 GMT
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Frasers joins hands with Japanese firm to build logistics park
19/02-2020, Klokken: 12:53:00 GMT
Frasers Property (Thailand) Pcl, a leading provider of integrated real estate platform, will develop an integrated logistics park in Bangpakong, in a joint venture with Mitsui Fudosan Asia (Thailand) Co Ltd, Japan’s largest real estate developer.

CRC shares to begin trading on SET from Feb 20
19/02-2020, Klokken: 10:05:00 GMT
The Stock Exchange of Thailand (SET) announced on Wednesday (February 19) that common shares of Central Retail Corporation Plc (CRC) will begin trading on Thursday (February 20).

PTT estimates more than 24 per cent decrease in 2019 profit
19/02-2020, Klokken: 09:43:00 GMT
PTT Group expects its net profit in 2019 to be 24.34 per cent lower than its results in 2018 due to loss in oil stock, refinery repairs and decreasing gross refinery margin and sales of petrochemical businesses.

The coronavirus outbreak will hit the cruising industry where it hurts most - new business
19/02-2020, Klokken: 09:28:00 GMT
Anne Sagebiel had been pondering what to do for an upcoming birthday later this year, and the notion of taking a cruise for the first time appealed to her. Maybe something in Europe; Norway sounded enticing.

Global markets shudder as Apple's warning deepens coronavirus fallout
19/02-2020, Klokken: 09:25:00 GMT
Global stocks fell Tuesday after Apple said the coronavirus would crimp its quarterly revenue, signaling that China's health crisis is casting an ever-widening shadow.

Walmart posts disappointing holiday sales, says it is keeping close watch on coronavirus
19/02-2020, Klokken: 09:22:00 GMT
Walmart disappointed on multiple fronts Tuesday, falling short on its fourth-quarter targets and full-year outlook after shoppers scaled back on clothing, toys and video games during the holiday shopping season. But analysts say a key question remains: How will coronavirus impact the world's largest retailer?

Stocks slump on Apple's warning; Treasuries rally
19/02-2020, Klokken: 09:00:00 GMT
Stocks slumped after Apple's warning that sales will miss forecasts spooked investors who had hoped for a limited economic impact from the deadly coronavirus that originated in China. Treasuries rose and the dollar strengthened.

Coal's losing steam as supply restarts, virus stifles demand
19/02-2020, Klokken: 00:14:00 GMT
Coal prices in China are back on the slide as local miners resume production, easing concern about tight supply and suggesting demand is a bigger wild card as the world's top market tries to contain a coronavirus outbreak.

Wall Street targets the Nordics after latest spike in wealth
19/02-2020, Klokken: 00:04:00 GMT
One of the world's richest corners has become a magnet for a growing number of Wall Street firms.

HSBC reboot fizzles, sending stockholders looking for the exits
18/02-2020, Klokken: 22:51:00 GMT
HSBC Holdings Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same -- pledges to cut costs and do more with less.

Global markets shudder as Apple's warning deepens coronavirus fallout
18/02-2020, Klokken: 22:40:00 GMT
Global stocks took a downturn Tuesday after Apple said the coronavirus would keep it from hitting revenue goals this quarter, signaling to investors that deepening supply chain cracks in China stand to weaken some of the world's most powerful companies and take a bite out of growth.

Walmart's resilient outlook offsets weakness during holidays
18/02-2020, Klokken: 22:33:00 GMT
Walmart posted lackluster holiday sales but its outlook for the current year met expectations, displaying the resilience that's kept the retailer among the industry's top performers.

BOT confident despite expected rise to over 3% in banks' NPLs 
18/02-2020, Klokken: 22:17:00 GMT
The ratio of non-performing loans (NPL) could climb to over 3 per cent of all outstanding debts in the banking system this year from 2.98 per cent year on year in 2019, said Tharith Panpiemras, senior director at the Bank of Thailand.

South Korean president calls for 'extraordinary steps' to combat virus
18/02-2020, Klokken: 21:52:00 GMT
President Moon Jae-in called for "extraordinary" steps to minimize the impact of the coronavirus on South Korea's economy, hinting at the possibility of extra spending to support growth by a government looking to protect a fragile recovery.

Franklin buys Legg Mason in an effort to survive passive era
18/02-2020, Klokken: 21:40:00 GMT
Franklin Resources and Legg Mason helped pioneer asset management in the 20th century. On Tuesday, the venerable but fading names said they will combine in an effort to compete, as low-cost index funds upend their industry.

Trump's recent trade moves show adversarial approach has only just begun
18/02-2020, Klokken: 21:01:00 GMT
TRADE-ANALYSIS: In White House ceremonies and raucous campaign rallies, President Donald Trump has celebrated a pair of "America First" trade deals he says will end the unfair treatment of American workers.

CPF prioritises animal welfare for safe and sustainable food production
18/02-2020, Klokken: 20:43:00 GMT
Charoen Pokphand Foods Pcl (CPF) has adhered to the best and sustainable practices on animal welfare for more than 20 years and its efforts have been recognised across the globe, said Payungsak Somyanontanakul, CPF's Vice President and chairman of the Animal Welfare Committee. 

Exat gets green light to extend expressway concession terms
18/02-2020, Klokken: 19:24:00 GMT
The Cabinet today (February 18) approved the Transport Ministry’s proposal that the Expressway Authority of Thailand (Exat) extend the concession terms for certain expressway contracts for Bangkok Expressway and Metro, government spokeswoman Narumon Pinyosinwat said.

Dtac all set to launch 5G service in selected locations
18/02-2020, Klokken: 16:53:00 GMT
Total Access Communication (dtac) is expected to kick off its 5G wireless broadband service on the newly acquired 26GHz band in selected locations by the first half of this year, its chief executive officer Sharad Mehrotra said today (February 18).

THAI wavies right to Nok's new share issue
18/02-2020, Klokken: 15:44:00 GMT
Thai Airways International (THAI) has waived its right to subscribe 141,540,206 ordinary shares, totalling Bt353.8 million, of Nok Airlines' newly issued shares to existing shareholders.

Apple won't meet quarterly revenue target, cites coronavirus
18/02-2020, Klokken: 08:23:00 GMT
Apple doesn't expect to meet its revenue guidance for the quarter ending in March due to work slowdowns and lower demand amid the outbreak of novel coronavirus in China.