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HONG KONG, China (AFP) — A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared for the outbreak. The heavy selling, after a day of relative calm caused by bargain-buying, followed another rout on Wall Street where all three main indexes lost around three percent after officials said COVID-19 would likely take hold in the United States. With […]
https://youtu.be/SNhoLO_OOAY (Eagle News) – The Department of Trade and Industry (DTI) is looking for “alternative options” to minimize the impact of the decision of Honda Cars Philippines to close its production in the country which will affect some 380 workers. Honda, in a statement issued on Monday, Feb. 24, said that it would close its plant in Sta. Rosa Laguna effective this March. It said that this is “to meet Honda’s customer needs in […]
HONG KONG, China (AFP) — Seoul led a sharp drop across Asian and European equity markets Monday as South Korea announced a surge in COVID-19 infections, while oil plunged and safe-haven assets rallied on growing concerns about a possible pandemic. With the outbreak showing little sign of easing, investors are increasingly concerned it could have a much longer-term impact on the world economy, which was already stuttering, with a number of companies warning about […]
NEW YORK, United States (AFP) — More cases of the new coronavirus outside China along with warnings by major companies that their earnings could be hurt caused most stock markets to pull back on Friday. “Coronavirus was back at the top of the agenda on Friday, with a rising number of new cases in China and South Korea putting the fear in investors,” remarked Spreadex analyst Connor Campbell. More than 2,200 people have died […]
PARIS, France (AFP) — Lawyers for Carlos Ghosn on Friday delayed a lawsuit seeking a hefty retirement payout from his former employer Renault, saying the French carmaker had not given them enough time to prepare arguments. The court in Boulogne-Billancourt, near Renault’s headquarters outside Paris, granted the request for more time, setting a new hearing date for April 17. “We received Renault’s arguments only on Monday, and having just four days to respond to 20 […]
HONG KONG, China (AFP) — A spike in new virus cases outside China spooked Asian markets Friday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic. More than 2,200 people have died from the novel coronavirus, which has infected over 75,000 people, mostly in China, and spread panic around the world. While Beijing claims it’s epidemic control efforts are working, the rising death toll and […]
NW YORK, United States (AFP) — Dell Technologies on Tuesday announced a $2.08 billion cash deal to sell cyber-security unit RSA to a consortium led by Symphony Technology Group. RSA specializes in defending computer systems and runs eponymous cyber-security conferences. The deal was expected to close by the end of this year. The consortium includes a teachers’ pension plan board and Alpinvest Partners. “As one of the world’s elite security brands, RSA represents a great […]
HONG KONG, China (AFP) — Asian markets rebounded Wednesday as hopes the deadly new coronavirus will have only a short-term impact on corporate earnings and economic growth prevailed. Falls on US and European markets — after Apple’s warning that it would miss its quarterly revenue forecast due to the epidemic — did not carry over to Asia. The illness, which has killed more than 2,000 people and infected over 74,000, has disputed supply chains and […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday as investors adjusted their positions amid lingering fears over the impact of the new coronavirus on the economy. The benchmark Nikkei 225 index was up 0.65 percent, or 151.73 points, at 23,345.53 in early trade, while the broader Topix index was up 0.56 percent, or 9.26 points, at 1,674.97. The dollar fetched 109.91 yen in early Asian trade, against 109.87 yen in New York. “Japanese […]
HONG KONG, China (AFP) — Asian markets tumbled Tuesday after Apple warned the new coronavirus had hit output and demand in China, fuelling fears over the wider impact of the epidemic on corporate earnings and economic growth. Investors looked past a positive lead from European bourses to focus on the spiraling fallout from the virus that has so far killed more than 1,800 people and infected nearly 72,500, mostly in mainland China. As well as […]
SAN FRANCISCO, United States (AFP) — Apple announced Monday it would miss its March quarter revenue forecast and global iPhone supplies would fall because of the deadly coronavirus epidemic, triggering a fall in Asian stock markets. The COVID-19 death toll now exceeds 1,800 in China, where it has infected more than 72,000 after emerging in the central province of Hubei in December. The virus has sparked global economic jitters, with travel bans and mass quarantines […]
BEIJING, China (AFP) — China will waive trade-war tariffs on imports of selected US medical equipment from March 2, the government said Tuesday, as the country battles to contain the new coronavirus epidemic. More than 72,000 people have been infected by the outbreak of the new COVID-19 strain in China, which has claimed the lives of over 1,800 people. Products that will qualify for the exemptions include patient monitors, blood transfusion equipment and instruments to […]
