Coronavirus Live Updates: EIU lowers global growth forecast for 2020
Death toll rose to 1,113 with 97 new fatalities while cases of infection jumped to 44,653. The virus was officially named "COVID-19" by WHO.
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02:15 PM
Saudi Arabia cuts March crude supply to some Asian buyers
02:14 PM
Sequoia China moves investor pitch day online amid virus outbreak
Tech investor Sequoia Capital China is taking its "Demo Day" online for the first time as part of its efforts to reduce the impact on fundraising from the spread of the coronavirus.
The event, which Sequoia China has held regularly for several years, is designed to introduce some of the fund's early-stage investments to an invite-only group of potential investors.
Instead of the typical half-day meetings that allow entrepreneurs from across China to mingle with potential backers, this time the event will be held in two three-hour online sessions over two days later this month.
02:13 PM
Dollar near four-month high on hopes of virus stabilising
Against a basket of major currencies, the dollar edged 0.1% higher at 98.77, just below a four-month high of 98.95 hit in the previous session.
02:06 PM
China charges man who pushed for birthday party despite coronavirus ban
Prosecutors in China have brought criminal charges against a 59-year-old man who strapped on firecrackers and doused himself with gasoline to defy a ban on public gatherings during a coronavirus epidemic, the Xinhua news agency said.
02:05 PM
2 Chinese nationals in Russia with COVID-19 have fully recovered
02:03 PM
London stocks gain amid pullback in new cases
China on Wednesday reported its lowest number of new coronavirus cases since late January, leading some experts to suggest the outbreak may plateau and subside soon. That helped the FTSE 100 climb 0.2% in early deals.
Oil majors Shell and BP were the biggest boosts to the blue-chips, as they tracked a surge in crude prices.
02:02 PM
Taiwan trims 2020 GDP outlook
Fourth-quarter growth in 2019 was marginally lowered to 3.31% percent from 3.38%, putting full-year 2019 GDP at 2.71% instead of the preliminary 2.73%, according to statistics agency data released.
01:29 PM
As coronavirus stifles China, economic logjams build worldwide
The coronavirus outbreak in China has generated economic waves that are rocking global commodities markets and disrupting the supply networks that act as the backbone of the global economy. BHP, which is one of the world’s largest copper mining companies, has been in talks to possibly delay shipments to Chinese ports.
12:40 PM
South Korean stocks hit 3-week high on falling new coronavirus cases
12:39 PM
Over 100 people affected by symptoms akin to coronavirus in Nepal's Sindhupalchowk, authorities seek Centre's help
12:38 PM
Airbnb extends booking suspension in Beijing to May
12:37 PM
Singapore bank DBS evacuates 300 staff at head office after coronavirus case emerges
Fitch Solutions said it expects vehicle production in India to contract by 8.3% in 2020 as the auto industry faces increasing risk of supply shortage due to China's coronavirus outbreak, possibly hitting domestic output if the virus spreads in the country.
11:06 AM
Coronavirus costs Vietnamese airlines $430 million in lost revenue
Vietnam declared a public health emergency over the epidemic on Feb. 1 and banned all flights to and from China. The ban would affect about 400,000 passengers a month, the Civil Aviation Authority of Vietnam said in a statement. The number of passengers on all international flights fell 14.1% during the first week of February from a year earlier.
10:45 AM
Japan cruise ship cases climb to 174
The ship that originally had over 3,700 passengers and crew on board has become the largest single cluster of the newly named COVID-19 disease outside its origin in China, where it has killed more than 1,100 people.
10:43 AM
Malaysia's Q4 economic growth slumps to decade-low of 3.6%, virus to hit Q1
10:43 AM
Yuan inches higher as new virus infections in China fall to near 2-week low