Australian shares fall as business confidence plunges; IMF warns of 'uncertain' recovery

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Australian shares fall as business confidence plunges; IMF warns of 'uncertain' recovery

Australian shares have fallen in afternoon trade as US markets slipped from their record highs on concerns they may either be “overvalued” or even in “bubble” territory. Key points: The IMF is expecting the global economy to have shrunk (-3.5pc) in 2020 …
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Hinkley nuclear power station cost rises by £500m

France’s EDF has again revised up the expected cost of Hinkley Point C, the nuclear power station under construction in south-west England, warning delays arising from the coronavirus pandemic will add around £500m and will push back …
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HSBC Singapore appoints new commercial banking head amid regional expansion drive

HSBC has appointed Regina Lee as its new Singapore head of commercial banking to accelerate its push into South-east Asia. The appointment will take effect from March 1. She takes over from Alan Turner, who will move on to head the bank’s commercial …
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Twitter acquires Revue, a newsletter company

OAKLAND, Calif. — Twitter said Tuesday that it had acquired an email newsletter service, Revue. The purchase, for an undisclosed sum, is part of Twitter’s effort to compete with other social media companies that allow users to earn money from their …
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REFILE-Japan shares end higher as IMF forecast boosts hopes of higher earnings

(Refiles to correct paragraph 1 spelling of company Nitto Denko). TOKYO, Jan 27 (Reuters) – Japanese stocks closed higher on Wednesday, on hopes of better corporate results after the International Monetary Fund raised its forecast for global growth, while …
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