Standard Chartered posts 46% jump in profit but warns of 2020 coronavirus hit

Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets.

The Coronavirus Goes Global

The illness is on every continent except Antarctica, with more new cases now being reported outside China than within. But how threatening is the outbreak, really?

Coronavirus will wipe out corporate profit growth in 2020 and may trigger recession: Goldman Sachs

Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity.

Coronavirus Upends Global Toy Industry

Toy companies are delaying shipments and new product launches and struggling to fill retail orders as the epidemic disrupts supply chains around the world.

Coronavirus Could Eliminate U.S. Corporate Growth Completely in 2020 - Goldman Sachs

A global spread of the coronavirus could wipe out U.S. corporate growth completely in 2020, says Goldman Sachs.

U.S. Companies in China Warn 2020 Revenue Could Halve If Coronavirus Persists

Some American companies say they could lose as much as half their annual revenue from China if the coronavirus epidemic extends through the summer, a survey by the American Chamber of Commerce in China finds.

Goldman Sachs says the S&P 500 could quickly fall another 7% on coronavirus fears — and warns US firms won't generate any profit growth in 2020

The bank upgraded its outlook on the real estate and utilities sectors, recommending investors shift to defensive assets in the near-term.

Coronavirus 'is a true black-swan event' sparking corrections across global markets

International investors believe coronavirus is truly a global phenomenon, and the entire global stock market has been taken down.

IMF likely to downgrade global growth due to coronavirus: IMF spokesman

The fast-spreading coronavirus will clearly have an impact on global economic gr...

Coronavirus Threatens Hajj 2020 Pilgrimage As Saudi Arabia Suspends Travel to Mecca

The move is the latest drastic precautionary measure taken by countries in the Middle East in a bid to curb the spread of the deadly virus.

Coronavirus and the 2020 elections: What candidates are saying

Coronavirus and the 2020 elections: What candidates are saying

Trump's terrible coronavirus response hands 2020 Democrats a chance to show they can lead

Global Stocks Plunge as Coronavirus Fears Deepen

'Right now the direction ahead for the economy is straight down,' said one expert

Coronavirus and its global sweep stokes fear over facts. Experts say it's unlikely to produce 'apocalyptic scenario'

Coronavirus: Shares face worst week since global financial crisis

Asian stock markets continue falling, as the coronavirus spreads across the globe.

World prepares for coronavirus pandemic; global recession forecast

Hopes the coronavirus would be contained to China vanished on Friday as infectio...

Coronavirus fear touches off a global run on face masks

Fear of the spreading coronavirus has led to a global run on sales of face masks despite medical experts' advice that most people who aren't sick don't need to wear them. Many businesses are sold out, while others are limiting how many a customer can buy. Amazon is policing its site, trying to make sure sellers don't gouge panicked buyers. In South Korea, hundreds lined up to buy masks from a discount store. Rumors that toilet paper and napkins could be used as masks have emptied store shelves in Asia of paper goods over the past few weeks. Ordinary people trying to protect themselves from the outbreak are not the only ones encountering shortages. Some health care professionals are seeing them as well. Some industry officials are attributing the shortages not just to high demand but to disruptions in supply: An outsize share of the world's surgical masks are made in China - 50%, by its own estimate - and some of the factories are in or near the hard-hit city of Wuhan and have been shut down for weeks because of the crisis, they said. In the U.S., Walgreens, Home Depot, Lowe's and True Value Hardware are reporting a sharp uptick in sales of masks over the past several weeks and say they are scrambling to get more from suppliers to keep up with demand. Home Depot, the nation's largest home improvement chain, has limited sales of N95 respirators to 10 per person. They have a close facial fit and more filtration material than general surgical masks, enabling them to keep out at least 95% of particles. Marc Jaconksi, owner of Stanley's True Value Hardware and Rental store in Philadelphia, said he saw a surge in demand for masks, particularly the N95, two weeks ago. But since Tuesday, when the U.S. Centers for Disease Control and Prevention warned that the...

IAG says can't forecast 2020 profit due to coronavirus

British Airways-owner IAG said coronavirus would hit earnings this year but it d...

China Spins Coronavirus Crisis Hailing Itself as a Global Leader

The propaganda push suggests the Chinese government might be worried about the lasting damage of the outbreak.

Dow's Drastic Decline Coronavirus and Global Pandemic Fears - 5 Things You Must Know Friday

Stock futures signal another steep drop for Wall Street after the World Health Organization says the coronavirus outbreak has 'pandemic potential'; the Dow's drop Thursday of 1,190.95 points was its largest one-day point drop in history; the S&P 500 has fallen 12% from its all-time high set a week ago.

UK coronavirus cases rise 46% as fears of global crisis grow

Boris Johnson to chair emergency Cobra meeting after first patient reported in Wales

How IBM Goldman Sachs PwC and others are responding to the coronavirus threat to the global workplace

Coronavirus threatens global economy as experts warn no country will be spared

The rapid spread of coronavirus raised fears of a pandemic on Friday, with count...

Global markets Wall Street drag out week long free fall as coronavirus crisis worsens

2020 Geneva Motor Show canceled amid coronavirus concerns

The Swiss government has banned events of 1,000 people or more.

Official: 2020 Geneva Motor Show CANCELED due to coronavirus

The 2020 Geneva Motor Show has been cancelled after the Swiss government banned events with gatherings of more than 1,000 people The post Official: 2020 Geneva Motor Show CANCELLED due to coronavirus appeared first on Motoring Research.

2020 Geneva Motor Show cancelled amid coronavirus outbreak

Just three days before the event was supposed to open up to the media, the Geneva International Motor Show has been cancelled due to coronavirus concerns. With just a weekend standing between today and the kickoff of the Geneva Motor Show, the organization announced that the conference has been cancelled due to the coronavirus outbreak.

Coronavirus risk at very high global level says WHO's Tedros

The risk of spread and impact of the coronavirus is now very high at a "global level", World Health Organization chief Tedros Adhanom Ghebreyesus told reporters in Geneva on Friday.

Coronavirus updates: WHO upgrades global virus spread risk to 'very high'

Stocks around the world have been hit hard amid mounting concerns about the impact of the COVID-19 virus on business. The virus has continued to spread, with 27 new cases in Germany. DW has the latest here.

WHO Raises Global Risk from Coronavirus to ‘Very High’

The World Health Organization said there is still a chance to contain the virus, which causes the disease COVID-19.

WHO raises coronavirus threat assessment now says virus poses a 'very high' risk at a global level

WHO officials said they are increasing the risk assessment of the coronavirus to "very high" across the world.

Coronavirus Deals Blow to Global Business

The coronavirus has sent markets tumbling, as its ramifications to a swath of businesses and industries becomes more apparent. Here’s a roundup of how the virus is affecting key industries.