China-listed brokerages reported a jump in February earnings as their trading and underwriting businesses benefited from Beijing's monetary easing and relaxed financing rules aimed at softening the economic blow from the coronavirus.
Sequoia Capital, one of the world's top venture capital firms, sent a note to the founders and CEOs of its companies on Friday describing the coronavirus as "the black swan of 2020" and urging them to brace for coming economic shocks.
(RTTNews) - Indian shares succumbed to heavy selling pressure on Friday after a rout in U.S. stocks overnight on worries about new coronavirus surge and a deepening crisis in India's banking sector.
The World Anti-Doping Agency (WADA) said on Friday that it had failed in its bid to convince Mexican authorities to keep open the country's accredited anti-doping laboratory.
The dollar nursed savage losses against the yen and euro on Friday as a plunge in U.S. yields to record lows wiped out the currency's single greatest attraction for investors - higher interest rates.
(RTTNews) - LyondellBasell (LYB) said it signed definitive agreements to expand in China through a 50:50 joint venture with the Liaoning Bora Enterprise Group.
Shares in India's fifth-largest private sector lender Yes Bank tumbled 25% to their lowest in over a decade on Friday, after the central bank took control of the bank and limited withdrawals because of a serious deterioration in its financial position.
(RTTNews) - Lufthansa is cancelling about 7,100 European flights until the end of March, due to lower demand and the spread of the coronavirus. Thus, it will reduce capacity by up to 25 percent.
(RTTNews) - Asian stock markets are in negative territory on Friday following the steep losses overnight on Wall Street amid lingering worries about the rapid spread of the coronavirus worldwide and its impact on the global economy.
The Asian Development Bank (ADB) said on Friday the coronavirus outbreak is set to trim economic growth in developing Asia and around the world this year.
Shares in India's fifth-largest private sector lender Yes Bank are expected to tumble on Friday, after the central bank took control of the bank and limited withdrawals because of a serious deterioration in its financial position.
Oil slid nearly 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 crude producers not yet having agreed to cut output further to support prices.
An independent committee investigating a graft scandal at Kansai Electric Power Co, Japan's second-largest utility, will release its findings on March 14, a representative of the committee said on Friday.
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
Syria's Idlib region was quiet but tense on Friday with a lull in Russian and Syrian air raids that have pounded the last opposition-held enclave in Syria, residents and opposition sources said, after Turkey and Russia declared a ceasefire.
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