Monday, February 24, 2020
Economic

Business activity in the US service sector fell last month for the first time since 2013, hurt by the coronavirus, according to a survey.

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Economic

Mounting debts have hit Chinese companies struggling to pay workers and suppliers amid the coronavirus outbreak.

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Economic

Singapore cut its 2020 growth and exports forecasts on Monday due to the expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.

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Economic

Shares and currencies across Asia slumped on Monday as the number of coronavirus infections rose sharply in South Korea, Italy and Iran, sending investors scurrying to safe havens such as gold.

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Economic

Consumers in the United Kingdom face higher prices and reduced availability of goods if the government fails to agree pragmatic solutions with the European Union on regulatory checks at ports in any post-Brexit deal, the retail industry's lobby group warned on Monday.

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Economic

The palm oil industry, long accused of large-scale deforestation, is bracing for another hit to its business: machine lubricants seeping into the world's most consumed edible oil during processing.

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Economic

Chinese companies are using cheap funds raised via "virus bonds" to store cash and cover debts as  Beijing works to channel money into coronavirus-affected areas of the economy, according to Reuters News Agency.

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Economic

HSBC Holdings PLC on Tuesday unveiled plans to cut $100bn in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.

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Economic

Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world's biggest producers. 

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Economic

Japan's economy shrank at the fastest pace in almost six years in the December quarter as last year's sales tax increase hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks.

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