Fast Retailing , which operates casual clothing chain Uniqlo, said on Friday it had reopened more than 100 stores in China in the past week, while 125 remained closed due to the coronavirus outbreak.
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
Fearing a resurgence of crowds as coronavirus cases drop, Beijing is not taking any chances, limiting numbers in parks, keeping shoppers apart in supermarkets and preventing cinemagoers from sitting close together.
From an artificial island in Sri Lanka to a bridge in Bangladesh and hydropower projects in Nepal and Indonesia, China's trillion-dollar Belt and Road plan is stuttering under the effects of the deadly coronavirus.
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid clip that it could close within 60 days, the top executive at the Missouri plant said on Thursday.
Bank lending ticked down by 0.2 per cent in January on a month-on-month basis amid declining business loans, preliminary Monetary Authority of Singapore data showed on Friday.
JPMorgan Chase & Co issued global restrictions on non-essential travel to protect its employees and business against the spreading coronavirus, the Bloomberg News https://bloom.bg/2vnxhyW reported late on Thursday.
Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand.
Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13per cent from a year earlier as the coronavirus epidemic puts the brakes on economic activity and advertising.
With this week's coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the "short volatility" trades that some regulators fear could trigger a blowup on world markets.
