Knorr Bremse, a maker of braking systems for rail and commercial vehicles, said on Wednesday it would take a 60 million euro ($68 million) revenue hit in February due to the coronavirus epidemic in China.
South African lender Absa posted a 3% increase in full-year profit on Wednesday, but warned it would take longer to achieve its 18% to 20% return on equity (ROE) target as the economy splutters.
Uber Technologies Inc is considering temporarily suspending the accounts of riders and drivers who have tested positive for the coronavirus or have been exposed to it, CNN reported on Wednesday.
Indonesia's stock exchange tightened its trading halt mechanisms on Wednesday to trigger a cessation of the main stock index more quickly as it moves to protect against coronavirus and oil shock volatility.
(RTTNews) - Roche (RHHBY) said US FDA has approved CINtec PLUS Cytology as the first biomarker-based triage test for women whose primary cervical cancer screening results are positive for the human papillomavirus. The test identifies those women whose HPV infections are most lik
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation's new commodities minister said on Wednesday.
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as corporates curb travel plans in the wake of the coronavirus epidemic, an industry body said http://bit.ly/38HSMrG on Tuesday.
German specialty chemicals maker Lanxess said it expected its core profit to drop in 2020 as the global coronavirus outbreak looks set to hurt its supply and delivery chains.
Tokyo Disneyland will remain closed through early April instead of reopening next week, amid worries about the spreading coronavirus infections, operator Oriental Land Co Ltd said on Wednesday.
Africa's largest mobile network by subscribers, MTN Group Ltd, said on Wednesday its group chief executive, Rob Shuter, would step down from his role in March 2021, at the end of a fixed four-year contract.
Against the backdrop of the coronavirus epidemic and a looming global economic slowdown, big Japanese carmakers and electronics firms are tightening their belts in influential annual wage deals being hammered out with unions.
Dubai state controlled port operator DP World reported on Wednesday a marginal increase in full-year profit and said it was concerned about the near term outlook due to the coronavirus outbreak.
The yuan edged up against the softer U.S. dollar on Wednesday, with investors encouraged by signs that the Chinese economy is slowly returning to normal and that Beijing's efforts to control the coronavirus outbreak are working.
Turkey's current account is expected to have recorded a deficit of $2.5 billion in January, a Reuters poll showed on Tuesday, after economic growth picked up pace in the last quarter of 2019.
Plunging oil prices and the economic fallout from the global coronavirus outbreak are setting the stage for a potential wave of debt restructurings and bankruptcies, especially in the energy and services sectors, according to company advisers and analysts.
President Donald Trump will meet with the heads of some of the largest U.S. banks on Wednesday to discuss the financial industry's response to the coronavirus epidemic and the economic toll it is taking on small businesses, the markets and the economy, according to the White House press office.
SoftBank founder Masayoshi Son may not be the most prolific Twitter user, but he has ended a three-year absence on the platform to express concern about the coronavirus outbreak, telling a follower that he would "take action."
Hong Kong's Cathay Pacific Airways said on Wednesday it expects to report a substantial loss in the first half of this year and slash more capacity as the coronavirus outbreak erodes travel demand, after posting a drop in 2019 earnings.
China stocks held steady on Wednesday, as worries over the coronavirus outbreak in the country ebbed after President Xi Jinping's visit to Wuhan, and as investors expect Beijing's stimulus to underpin its economy.
Reuters
Checked
4 minutes 44 seconds ago
This feed is responsible for generating the rss feed related to the topic latest article