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WASHINGTON/NEW YORK (Reuters) - Older Americans, especially those with chronic medical concerns, should probably avoid big social gatherings and airline flights, given the rapid spread of coronavirus, a top U.S. health official said on Sunday, as investors braced for another volatile week in financial markets.
LONDON/BEIJING: Bill Winters, group chief executive of Standard Chartered Bank (SCB), said he has firm confidence in the resilience of the Chinese economy despite the Covid-19 (coronavirus) outbreak and the bank remains unwavering in investing in China's increasingly open capital markets.
BEIJING: In any normal year, China’s political class would be convening around now inside Beijing’s Great Hall of the People to rubber-stamp the year’s targets for economic growth and the policies to make it happen. Instead, the Chinese capital is hushed. Large gatherings are called off as the nation and the rest of the world grapple with the Covid-19 (coronavirus) outbreak.
NEW YORK: Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
THE country’s economy finds itself in a tough spot as the coronavirus (Covid-19) outbreak drags global macroeconomic conditions to the lowest level not seen in years.
KUALA LUMPUR: Banks led blue chips lower on Friday as worries about the fallout on the economy continued to weigh on investor and the anxiety among investors was also seen in Asian markets.
KUALA LUMPUR: Banks in Malaysia have paid out higher dividends for the financial year ended Dec 2019 against the backdrop of a cloudy outlook on loan growth and build-up of excess capital, RAM Ratings said.
MANILA: 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.