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NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
SHANGHAI: China’s electric carmakers need to return production to normal levels in the next few months to prevent a bigger hit to supply chains already pressured by an unprecedented plunge in auto sales, according to the country’s third-biggest producer of batteries for the sector.
LONDON: Climate change commitments by banks, pension funds and asset managers face their first major test as markets reel from the twin shocks of coronavirus (Covid-19) and a sliding oil price.
BEIJING: Automakers in China are calling on the government to help after industry-wide sales plunged 79% in February to mark their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak.
BEIJING: Oil’s historic price crash is prompting the Chinese government to consider buying more crude for state reserves, according to people with knowledge of the matter
THE world’s biggest private equity fund is making its boldest bet on China.
BEIJING: China’s economy is beginning to revive, as the government signals progress in battling the coronavirus outbreak that has killed more than 3,100 people and sickened tens of thousands at home.
HONG KONG: The Covid-19 coronavirus outbreak will add $100 billion in credit losses to banks in the Asia-Pacific region this year with Chinese lenders bearing the brunt of the damage, according to S&P Global Inc.
BEIJING: China’s economy is beginning to revive, as the government signals progress in battling the Covid-19 coronavirus outbreak that has killed more than 3,100 people and sickened tens of thousands at home.