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TOKYO: Honda Motor Co has posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current business year as the coronavirus pandemic hits global car demand.
TOKYO: Toyota Motor Corp said it expected profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
BENGALURU: Indian shares sank more than 12% by afternoon on Monday as trading resumed after the market's second halt this month, with investors caught in a selling frenzy as the coronavirus spread disrupted businesses and sent several states into lockdown.
HONG KONG: Asian markets fluctuated on Tuesday (March 17) after Wall Street suffered its worst day in more than three decades with the Covid-19 (coronavirus) panic sweeping the planet, though European equities enjoyed an early bounce.
BEIJING/SINGAPORE/LONDON: Stock markets and oil prices went into freefall on Monday (March 16) as interest rate cuts and fresh stimulus measures by central banks failed to lift confidence, with analysts warning that the Federal Reserve may have reached the limits of its power to fend off recession as the coronavirus spreads.
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.
MANILA (Philippine Daily Inquirer): Consumer prices in the Philippines and its economic growth stand to benefit from lower global oil prices, which UK-based Oxford Economics said may serve as a “modest” offset to the adverse impact of the Covid-19 outbreak.
SINGAPORE (The Straits Times/ANN): Core inflation in Singapore slowed sharply in January to a four-year low on the back of a steeper fall in the prices of goods, lower services inflation as well as a rebasing of the consumer price index (CPI), according to official data released on Monday (Feb 24).
China is tracking big data on an array of industrial barometers such as power use and traffic flows to take the pulse of general activity and target stimulus measures aimed at mitigating the impact of the coronavirus on its struggling economy.