WELLINGTON: Air New Zealand scrapped its annual earnings outlook on Monday (Mar 9), saying the impact of new coronavirus since the most recent figures were issued just two weeks ago had been worse than expected. The flag carrier warned on Feb 24 that annual pre-tax earnings could drop up to...
The price of futures contracts for the S&P 500 index fell more than 4per cent on Sunday as trading for U.S. equity markets resumed, a sign that investors fear the toll from the fast-spreading coronavirus will deepen.
This COVID-19 outbreak has turbocharged the rise of digital healthcare platforms and solutions to aid healthcare workers, says Mark Greeven.
Companies should focus on what it would take to build enduring business models and HR practices, while workers should be more open-minded about other forms of work, says PeopleSearch’s Jaime Lim.
UNITED Overseas Bank (UOB) and Prudential Singapore have launched a savings account that offers complimentary medical insurance for six female-related cancers, believed to be the first such a savings plan in Singapore.
REUTERS: As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA) – have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play: BACKUP ...
Pacific Investment Management Co (PIMCO), one of the world's largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively mild and short recession though tight credit markets could worsen the downturn.
REUTERS: Tesla Inc's biggest institutional investor considers Tesla to be "better run" after its regulatory battles following the hiring of independent directors to oversee Chief Executive Officer Elon Musk, the Financial Times reported on Sunday. "We thought he was getting things wrong," James ...
MIAMI: Brazilian and US governments on Sunday (Mar 8) signed an agreement for development of defence projects that may give the South American country access to financing. The agreement allows partnerships in development of defence technology by private companies, that may use public financing ...
The words "bear market" and "recession" are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could further weigh on asset prices.
