March 6, 2020

China’s first-quarter economic hit from coronavirus looking more severe: Reuters poll

The coronavirus likely halved China’s economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and […]
March 6, 2020

India’s Yes Bank plunges 60%, panicked depositors rush to withdraw funds

Shares in India’s Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank took control in a dramatic […]
March 6, 2020

EssilorLuxottica forecasts profit growth despite coronavirus impact

EssilorLuxottica expects continued profit growth this year after stronger 2019 results, saying on Friday the outbreak of coronavirus had not hit output at its Italian factories […]
March 6, 2020

How Lipper Award-winning fund managers are playing coronavirus scare

Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that […]
March 6, 2020

Oil drops on demand doubts, fears that producer output cuts not yet agreed

Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC […]
March 6, 2020

Timeline: India central bank takes control of bad loan-burdened Yes Bank

India’s central bank took control of the country’s fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among […]
March 6, 2020

On the brink: China’s bakers, bars and beauty spas struggle to survive coronavirus

The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls […]
March 6, 2020

Facebook, Google ask San Francisco staff to work from home as coronavirus spreads

Social media giant Facebook Inc and Alphabet Inc’s Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of […]
March 6, 2020

Stocks battered by Treasury rally as virus sparks shake out

Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown. Powered […]
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