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.
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.
A global spread of the coronavirus could wipe out U.S. corporate growth completely in 2020, says Goldman Sachs.
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.
The bank upgraded its outlook on the real estate and utilities sectors, recommending investors shift to defensive assets in the near-term.
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
British Airways-owner IAG said coronavirus would hit earnings this year but it d...
The Swiss government has banned events of 1,000 people or more.
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.
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.
After a week where one big name participant after another announced it would not send people to the show over concerns about the spread of coronavirus, GDC 2020 organizers have announced the event is off. It was scheduled to take place between March 16th and 20th, and in a statement, they said "we fully intend to host a GDC event later in the summer." This announcement comes just hours after officials announced a second case of the virus in...
According to the statement released by GDC, the partners and organizers in the game development industry consulted and decided to postpone the upcoming event.
As of Saturday afternoon, thousands of people have signed a petition calling on South By Southwest (SXSW) to cancel the event this year thanks to the spread of coronavirus. The two-week festival in March draws hundreds of thousands of people from around the world to Austin. But after more than 80,000 people worldwide have been diagnosed with coronavirus, residents are raising alarm. In the U.S. there are 15 confirmed cases of the virus, with one...
CNBC's Claudia Pensotti reports from Milan as the coronavirus continues to spread in Italy.
The first two races of the MotoGP season in Qatar on March 8 March and Thailand on 22 March have been cancelled due to the coronavirus outbreak.
(Bloomberg) -- Euro-area factories saw the first clear signs of the coronavirus hitting their business in February, with widespread delivery delays and steep declines in foreign orders. The epidemic, which has spread to the European continent after emerging in China late last year, is threatening to halt a much-awaited gradual recovery in manufacturing. It could also test the ability of the European Central Bank and euro-area governments to...