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WUHAN, China: Chinese President Xi Jinping told U.S. President Donald Trump on Friday that he would have China's support in fighting the coronavirus, as Wuhan, the Chinese city where the outbreak emerged, reopened to incoming traffic.
SINGAPORE/SYDNEY: Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return
KUALA LUMPUR: Eco World Development Bhd’s net profit was up 10.5% to RM33.51mil in the first quarter ended Jan 31,2020 from RM30.31mil a year ago, driven by higher share contributed by the group’s Malaysian joint ventures.
But they face prospect of plunging overseas orders
BEIJING: Cnooc Ltd, one of China’s three state-owned oil giants, said it would cut capital expenditure target this year, a signal that the government’s push to boost domestic production can’t withstand the collapse in crude prices.
KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) said today profit after tax climbed 10.5% to RM33.5mil for the first quarter ended Jan 31, boosted by a higher share of profits by the group's joint-ventures.
SHANGHAI: Chinese shares settled lower on Thursday as investors took profits after two days of strong gains, and as a rise in imported cases of coronavirus prompted Beijing to tighten controls to prevent a resurgence of infections.
MASAYOSHI Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of Son’s SoftBank Group Corp.
PUMMELLED by the coronavirus, China Inc now faces another disruption: a global shortage of dollars.
HONG KONG: China stocks were at a one-week high on Wednesday as U.S. senators and Trump administration officials reached an agreement on a massive economic stimulus bill to cushion the economic hit from the coronavirus outbreak.