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SINGAPORE: Short sellers across Asia are being drawn to the health care sector, betting the region’s best-performing industry this year is poised for a retreat.
SYDNEY: For big business, the impact of the new Covid-19 coronavirus epidemic is already being felt worldwide.
SYDNEY: Blackmores Ltd on Wednesday scrapped its dividend and said it expects this year's profit to more than halve as the coronavirus hit its supply chain, sending the Australian vitamin maker's shares to a near one-year low.
SYDNEY: Australian vitamin maker Blackmores Ltd warned first-half profit would decline due to tougher conditions in China, as it disappointed investors with weaker-than-expected earnings and a dividend cut, sending its shares down 12%.
SYDNEY: In 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she's in business, part of a growing army of Chinese shopping agents sending Australian food and diet pills home to feed rampant demand.