Markets

UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout. 

Several hundred Amazon workers in France protested at one of its sites on Wednesday, calling on the online retailer to cease operations or make it easier for employees loath to work during the coronavirus outbreak to stay away.

Tesla Inc's U.S. vehicle factory in California on Wednesday appeared to operate normally despite an order by the county's sheriff's office to comply with a three-week lockdown in the San Francisco Bay Area to rein in the spread of coronavirus.

Apple Inc launched an updated version of its MacBook Air on Wednesday, modifying keyboards on its laptop line that have faced criticism for typing-related problems.

One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.

Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the spread of coronavirus.

IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States.

Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees.

EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier's planes.

BEIJING/SHANGHAI: China's Baidu Inc will raise staff salaries amid the coronavirus outbreak, the search engine company's CEO told staff in a meeting, two sources familiar with the matter said. Robin Li also told staff that the company had a cash pile of around 130 billion yuan (US$18.5 billion) ......