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HONG KONG: A unit of a Chinese state-owned power company is seeking a HK$5 billion ($644 million) one-year loan that will refinance an earlier 2018 deal after the company breached a default clause, according to people familiar with the matter.
SINGAPORE’s currency may tumble to the lowest level since 2017 if the central bank responds as strongly to the spread of the coronavirus as it did to the SARS epidemic two decades ago.
SINGAPORE: Palladium surged above $2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
TOKYO: Oil prices rose on Wednesday, with Brent gaining a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market.
HONG KONG (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
SEOUL: Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.
HONG KONG: Apartment rents in Hong Kong have dropped to the lowest in almost two years as people leave the city and home owners try to lease rather than sell.
NEW YORK: The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on US companies.
MUMBAI: Gold exchange-traded funds (ETFs) are popular again, as risks to the global economy escalate even as jewellery sales languish in the world’s second-biggest consumer of the precious metal.
APPLE Inc has thrown out its March-quarter revenue guidance three weeks after providing it.