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.

AB InBev sees a 10% hit to its first-quarter profit from coronavirus

Anheuser-Busch InBev forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world's largest beer maker expects the coronavirus outbreak to dent its earnings.

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.

U.S. Coronavirus Outbreak Would Pose Risk to Record Expansion

Spreading of the epidemic could lead to school closures, public-event cancellations and wide business disruptions. But economists say an activity slowdown would be followed by a sharp rebound.

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.

Mike Pence is leading coronavirus efforts. This was his health record in Indiana.

Mike Pence was tapped to lead the nation's response to the coronavirus threat. This is how he tackled health issues in Indiana.

Pence's New Coronavirus Role Raises Questions About His Public Health Record

Coronavirus fear grips stocks oil; Treasury yields touch record low

The Dow industrials posted the largest-ever points drop on Thursday as Wall Stre...

10-year Treasury yield falls to a new record low amid coronavirus fears

U.S. government debt prices were higher Friday morning as investors dumped riskier assets and searched for safer options amid the coronavirus outbreak.

BASF Braces for Possible Profit Drop on Coronavirus Auto Slump

BASF SE added to the growing industrial gloom by warning of a possible second annual profit drop due to the impact of the coronavirus and an ongoing automotive slump.

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's factory activity posts record contraction as coronavirus bites

Factory activity in China contracted at the fastest pace ever in February, even ...

South Korea reported a record 800 new cases of coronavirus in a single day — and the vast majority are linked to a religious cult

Vice health minister Kim Kang-lip told a briefing that it was a "critical moment" in the country's COVID-19 crisis.

Chinese manufacturing hits record low amid coronavirus outbreak

The latest economic data shows the virus is having a bigger impact than the 2008 financial crisis.

Coronavirus grifts crop up online for political gain and profit

These days capitalism and democracy seem to mean that it's never too early to take advantage of the misery of others, and the outbreak of the novel coronavirus, COVID-19, is the latest proof point. On Saturday the Washington Post reported that an agency within the State Department had compiled a report of two million tweets, which peddled conspiracy theories about the COVID-19 coronavirus outbreak. Among the hoaxes compiled in the report and...

Coronavirus-quarantined CS:GO final sets a viewership record

More than a million peak viewers see Natus Vincere’s 3-0 sweep

Malaysia complete record-breaking 5-0 whitewash of Hong Kong

Coronavirus: South Korea reports record daily spike Japan to close all schools

Tourism Holdings Result: Profit slides coronavirus means outlook uncertain

COVID-19: Two Fresh Cases of New Coronavirus in India as Delhi Telangana Record Their First

Oil Search seeks to break PNG impasse as profit drops

India's unemployment rate at record high since October 2019 soars to 7.78% in February; coronavirus outbreak hits business sentiment: CMIE

With Afghanistan Deal Trump Has A Foreign Policy Record He Can Take To Re-Election

Coronavirus 'could take $100m off Air New Zealand's profit'

Reserve Bank of Australia cuts interest rates to record low 0.5% amid coronavirus concerns

Robert Walters shares fall on coronavirus profit warning

Economic bellwether recruiter Robert Walters’ shares sank today as it warned 2020 profit will miss expectations due to the coronavirus

‘Uncharted territory’: Coronavirus death toll rises across the globe as more countries record cases

The UN health agency says the world has entered “uncharted territory” with the rapid spread of the coronavirus outbreak, as global financial leaders vow to ward off a widespread financial crisis.

Australia cuts interest rate to record low to fight novel coronavirus impact

Before the COVID-19 outbreak, the slowdown in the global economy that started in 2018 appeared to be coming to an end. Now, economists fear the virus will drag down global growth.

Australia cuts rate to record low 0.5% to fight virus impact

Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since October and the fourth since June

Coronavirus sends Hong Kong Feb business activity plunging to record low: PMI

The coronavirus epidemic dealt a severe blow to businesses in Hong Kong in Febru...

Coronavirus sends Hong Kong February business activity plummeting to a record low

The coronavirus epidemic dealt a severe blow to businesses in Hong Kong in February with activity plummeting to the lowest on record, a private survey showed on Wednesday, in a sign of a sharp economic downturn in the first quarter.

Coronavirus latest: Hong Kong PMI plunges to record low in February

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