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Production of technology and EMS firms may be affected
SINGAPORE (Bloomberg) -- Gold reached a new seven-year high as investors sought safety assets on concerns the coronavirus outbreak will hurt global growth and amid speculation the Federal Reserve will ease monetary policy before year-end.
KUALA LUMPUR: Drugmaker Pharmaniaga Bhd said revenue increased 20% in the last quarter on improved demand, but a huge one-time hit on expenses incurred for the Pharmacy Information System (PhIS) resulted in heavy losses for the company.
(Reuters) - In the wee hours of Jan. 8, Tehran retaliated over the U.S. killing of Iran’s most powerful general by bombarding the al-Asad air base in Iraq.
BEIJING (AFP): China on Thursday (Feb 20) announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak.
LONDON (Reuters) - It is 20 years since Italy sailed into the Six Nations on a wave of optimism by beating Scotland in the opening match of the expanded championship but when they face the same opponents on Saturday it will be with a very different mindset.
SHANGHAI/SINGAPORE: The International Monetary Fund reiterated that global economic growth appears to be bottoming out, though also cautioned that risks including the coronavirus dominate the outlook. "After a marked slowdown last year, global economic activity is expected to moderately strengthen in 2020,” the IMF said in a surveillance note released Wednesday (Feb 18).
LONDON (Reuters) - India's test specialist Cheteshwar Pujara has signed a short-term deal with Gloucestershire to play six County Championship matches for them, the club said on Wednesday.
HERZOGENAURACH (Reuters) - German sportswear makers Adidas and Puma have both warned that the coronavirus outbreak was hurting their business in China due to store closures and fewer Chinese tourists travelling and shopping in other markets.
HONG KONG: Asian markets rebounded on Wednesday (Feb 19) as hopes the Covid-19 (coronavirus) outbreak will have only a short-term impact on corporate earnings and economic growth prevailed.