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DUBAI: Gulf economies will grow at a slower pace than estimated this year, as the coronavirus hurts oil demand, trade and tourism, Standard Chartered PLC said.
HONG KONG: More than 25,000 Cathay Pacific Airways Ltd staff are taking unpaid leave, underscoring the depth of the airline’s troubles as it contends with the coronavirus.
HONG KONG: Hong Kong’s embattled government unveiled a budget packed with giveaways including a one-time cash handout, as the city struggles to stabilise an economy battered by political unrest and the coronavirus.
HONG KONG: Hong Kong Exchanges and Clearing Ltd (HKEX) warned the coronavirus outbreak had brought renewed uncertainty to its business, as it shrugged off political turmoil at home and abroad to post a small rise in annual profit on Wednesday.
BANGKOK: Thailand’s manufacturing production index (MPI) contracted for a ninth straight month in January, down 4.59% from a year earlier, on lower production of cars, sugar and palm oil, the industry ministry said.
PETALING JAYA: Sime Darby Bhd is cautious about its prospects for the second half of its financial year amid the worsening coronavirus disease (Covid-19) outbreak.
PARIS: Peugeot maker PSA Group has turned more pessimistic about the outlook for the car industry this year, predicting a decline in the European and Russian auto markets following record results in 2019.
HONG KONG: Walt Disney Co chief executive officer (CEO) Bob Chapek is taking the helm at a perilous time for the company in China.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects product prices to stabilise in the coming quarter after a weak October-December period.