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Banks rethink operations to cope with Covid-19 in Asia
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 cerebral palsy group sends out SOS
JOHOR BARU: The Johor Cerebral Palsy Association – one of the state’s oldest non-governmental groups – is on the brink of being closed down.
Overseas banks on mainland move to back up fight against epidemic
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.
HSBC eyes £460.3 million in losses if Coronavirus persists
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.
Factbox: Sport - Events affected by coronavirus epidemic
(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.
Building all-rounded students
CHARACTER, to quote Abraham Lincoln, “is like a tree, and reputation is like its shadow. The shadow is what we think of it; the tree is the real thing.”
Hong Kong, Singapore rugby sevens postponed over Covid-19
HONG KONG: Rugby's Hong Kong and Singapore Sevens were postponed from April to October over the coronavirus on Friday (Feb 14) joining the likes of Chinese F1 Grand Prix, golf and football fixtures on the growing list of sporting casualties. The decision, which disrupts sevens rugby in the run-up to the Tokyo Olympics, was made in response to continued health concerns relating to the Covid-19 (coronavirus) outbreak.
Chinese cities reduce rents and offer financial support to businesses hit by epidemic
SHANGHAI (Xinhua): China's local governments and e-commerce platforms are moving to reduce rents and offer financial support to help small businesses tide over the novel coronavirus outbreak.
Factbox: Sport - Events affected due to coronavirus epidemic
(Reuters) - The following is a list of international sports events affected by the coronavirus that has killed over 900 people and infected more than 40,000 in China after it first emerged in Wuhan, Hubei province, late last year:
High-flying Citigroup bond trader suspended for allegedly stealing food from office canteen
LONDON (Bloomberg): US bank Citigroup suspended one of its highest-profile bond traders, who likely earned over £1mil (RM5.4mil), for allegedly stealing food from the company's cafeteria, according to a person familiar with the matter.
