MUMBAI (Reuters Breakingviews) - Covid-19 will give multilateralism a boost. Poor countries are more vulnerable in viral outbreaks and they undercut the containment efforts of richer ones. The spread of the new coronavirus from its epicentre in China knocks the case
In an unscheduled SEC filing on March 5, coffee-giant Starbucks (NASDAQ: SBUX) provided an update for its shareholders regarding its business in China. The coronavirus outbreak has been a major issue to the Chinese economy, where Starbucks has 13% of its total store locations.
A lot of investors are justifiably nervous. And as a result, many are thinking about how to go to cash following the quickest correction from all-time highs in the history of the stock market.
What happened
Shares in paintings and coatings company Axalta Coating Systems (NYSE: AXTA) fell 13.5% in February, according to data provided by S&P Global Market Intelligence. Axalta's share price was already weak in 2020 due to concerns over its exposure to the industrial
(RTTNews) - The Australian stock market is notably lower on Friday following the negative cues overnight from Wall Street amid lingering concerns about the economic impact of the coronavirus outbreak that has now spread worldwide. The number of coronavirus cases in the U.S. has
What happened
Many casual dining chains took a pummeling on Thursday as concerns about the COVID-19 coronavirus continued to grow. On a day when the S&P 500 closed 3.3% lower and fast-food giants Wendy's (NASDAQ: WEN) and McDonald's (NYSE: MCD) fell by roughly 4% each, sit
(RTTNews) - The Hong Kong stock market on Thursday snapped the two-day losing streak in which it had stumbled almost 70 points or 0.3 percent. The Hang Seng Index now rests just beneath the 26,770-point plateau although it figures to head south again on Friday.