Asian benchmarks mostly decline amid lingering China worries

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Yuri Kageyama Publishing date: Nov 17, 2022  •  0 minutes ago  •  3 minute read Join the conversation Article content TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and … Read more

China’s zero-Covid policy seen lingering as cases double from Sept

China’s daily count of new coronavirus cases has doubled since September, hardening the resolve of authorities to eliminate outbreaks as quickly as they appear and dimming hopes for an easing in their zero-Covid stance. China reported 1,624 new Covid-19 infections for Oct. 12, of which 372 were symptomatic and 1,252 asymptomatic, the National Health Commission … Read more

Lingering airline crew shortages, surging demand threaten fall and winter travel seasons

Shortages of pilots, flight attendants and gate agents threaten to unravel fall and winter travel plans in the U.S., after a turbulent summer, airline unions say. There’s been a surge in fliers, according to the aviation industry, since COVID-19 concerns continue to subside. The unions spoke at a CBS News travel summit in Washington Tuesday. … Read more

Traders see stock market volatility lingering as Wall Street fear gauge perks up

Breadcrumb Trail Links PMN Business Author of the article: Reuters Saqib Iqbal Ahmed Article content NEW YORK — Traders in the U.S. equity options market appear to be betting that stocks, which turned volatile last week following the Federal Reserve’s warning on continued policy tightening, will remain choppy over at least the next couple of … Read more

ELAN stock downgraded at Morgan Stanley over lingering growth concerns (NYSE:ELAN)

Pgiam/iStock via Getty Images Morgan Stanley has downgraded Elanco Animal Health (NYSE:ELAN) to Equal Weight from Overweight, noting the lingering concerns over its bleak prospects amid macro and company-specific headwinds. Analysts Erin Wright and Justin X Wang point to ELAN’s Q2 financials and argue that the company’s decision to cut 2022 guidance and withdraw medium … Read more