India's central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.
Publicis, the world's third-biggest advertising company, said on Friday that it was no longer giving any financial guidance over its results, due to the uncertainty caused by the coronavirus crisis.
China's special purpose bond issuance by regional and local governments in the first two months of this year almost tripled to Rmb950bn (US$134.4bn) compared with the same period last year, according to a Moody's report.
Amber Capital, the activist fund with a 16.4% stake in Lagardere and which has pushed for board changes, could hike its holding in the French media conglomerate, Amber's founder and managing partner said on Friday.
Most emerging Asian currencies strengthened on Friday and were set for weekly gains as a series of hefty global stimulus measures against the coronavirus eased a dollar funding crunch.
Danish insurer Tryg on Friday confirmed its full-year forecast of a 3.3 billion Danish crowns ($488.27 million) technical result, but postponed its decision on dividends for 2020.
(RTTNews) - Publicis Groupe (PGPEF.PK, PUBGY.PK) stated that, due to the uncertainties related to the COVID-19 pandemic, the Group has decided not to give any guidance until further notice. The Groupe indicated that revenues at end of February were in line with its 2020 roadmap.
(RTTNews) - VMware Inc. (VMW) said, as a result of the increased level of uncertainty, the company has decided that it is necessary to withdraw its financial guidance. VMware plans to provide more information during its first quarter earnings call.
(RTTNews) - Dell Technologies (DELL), in a SEC filing, said it is withdrawing its prior guidance for fiscal 2021, issued on February 27 as part of its fourth-quarter earnings announcement, owing to rising level of uncertainty caused from the corona virus pandemic.
China's yuan strengthened against the dollar on Friday and is set for its first weekly gain in three weeks, tracking broad weakness in the greenback and a much firmer midpoint fixing.
(RTTNews) - Hilton Worldwide Holdings Inc. (HLT) announced pay cuts among executives and said it is suspending all share buybacks and the payment of dividends, other than those previously declared amid the challenges due to the spread of novel coronavirus or COVID-19.
Hong Kong's markets watchdog warned fund managers on Friday to be careful when selling illiquid investment products to clients during market volatility caused by the new coronavirus in Hong Kong and globally.
MUMBAI (Reuters Breakingviews) - Singapore Airlines is now in a rescue class of its own. The national carrier renowned for its luxurious service in the sky has lined up a generous $13 billion funding package underpinned by state investor and majority owner Temasek. Such
Japan's factory output likely slowed in February and retail sales dropped for a fifth straight month, a Reuters poll showed on Friday, as the coronavirus outbreak took an increasing toll on businesses and consumers.
China and Hong Kong stocks rose on Friday as dismal industrial data reinforced expectations of further stimulus to shield the world's second-largest economy from the coronavirus pandemic.
Investors could be forgiven for doing a double-take: Wait, we're back in a bull market? The Dow Jones Industrial Average's surge of over 20% from its coronavirus-induced recent low this week, by one definition used on Wall Street, suggests a new bull market.
Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary export destination as the virus spreads.
Chalco, China's biggest state-run aluminium producer, churned out 9% less metal in 2019 as it shut two uncompetitive smelters and barely eked out a profit in the fourth quarter, while it played down the impact of the coronavirus on the industry.
The Reserve Bank of India slashed interest rates on Friday, following other central banks, in an emergency move to counter economic fallout from a fast-spreading coronavirus.
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