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BEIJING/BERLIN: As the new virus is going on the rampage worldwide, the European continent has started to feel the toll the nCovid-19 (coronavirus) has taken on its economy. In major economies such as Germany, France, Britain and Italy, economic outlook seems to have become grim as people fear for disruptions in supply chains and volatility in markets.
HONG KONG (Bloomberg): HSBC Holdings Plc, which operates the largest franchise among global banks in China, named Mark Yunfeng Wang as president and chief executive officer of its China business as the UK lender reaffirms the commitment to the world’s biggest banking market.
HONG KONG (China Daily/ANN): As development of the Guangdong-Hong Kong-Macao Greater Bay Area gathers steam, companies operating in the 11-city cluster could merge into a “Bay Area Company” in the near future, boosted by growing investment.
LONDON/LOS ANGELES (Reuters) - Twenty-one people aboard a cruise ship that was barred from docking in San Francisco have tested positive for coronavirus, U.S. officials said on Friday, adding to the more than 100,000 cases of the fast-spreading illness across the world.
(Reuters) - The following is a list of international sports events hit by the outbreak of the new coronavirus:
BANGKOK (The Nation/ANN): Global banks including UBS Group and Bank of America are broadening their contingency plans across Asia to ensure that they can keep trading and other operations running as the spread of Covid- 19 accelerates outside China.
JOHOR BARU: The Johor Cerebral Palsy Association – one of the state’s oldest non-governmental groups – is on the brink of being closed down.
BEIJING: Overseas banks on the Chinese mainland are stepping up targeted support to aid the prevention and control of Covid-19 through donations and financing measures. Data from the China Banking Association showed that as of Wednesday (Feb 19), 30 overseas banks on the mainland had released loans of over 7.4 billion yuan (US$1.06bil) for hard-hit firms.
LONDON (Reuters) - HSBC could be forced to take $600 million in additional provisions against loan losses if the Coronavirus outbreak persists into the second half of this year, Chief Financial Officer Ewan Stevenson said on Tuesday.
(Reuters) - The following is a list of international sports events affected by a coronavirus outbreak, which has killed more than 2,200 people and infected more than 75,400 in China after emerging late last year in Wuhan, Hubei province.