Vietnam reports supply chain issues from virus, says may hit Samsung output

Latest Business News - Fri, 02/21/2020 - 15:33
Vietnam's manufacturing sector is suffering supply chain problems caused by the coronavirus epidemic, which may delay production of Samsung Electronics' new phones, the Ministry of Industry and Trade told Reuters on Friday.

China's Geely starts online auto sales as virus epidemic keeps buyers at home

Latest Business News - Fri, 02/21/2020 - 15:23
Beijing - Chinese automaker Geely GEELY.UL has launched a service for customers to buy cars online and get them delivered directly to their homes, in a bid to drum up sales as the coronavirus outbreak prompts buyers to stay away from showrooms.

China sees only short-term virus impact on Southeast Asia economies

Latest Business News - Fri, 02/21/2020 - 15:02
A senior Chinese diplomat on Friday sought to ease concerns about the economic impact on Southeast Asian countries from the coronavirus outbreak, including delays in infrastructure projects that are part of China's Belt and Road Initiative.

Global stocks head for worst week in four as coronavirus spreads

Latest Business News - Fri, 02/21/2020 - 14:55
Shares across the world fell on Friday and were set for their worst week in four as investors dumped riskier assets for the safety of bonds and gold, with coronavirus cases in China and elsewhere spreading.

Nissan, Honda delay restart of some China plants due to coronavirus

Latest Business News - Fri, 02/21/2020 - 14:47
Japanese automakers delayed on Friday the restart of plants in China near the epicentre of a coronavirus outbreak, complying with authorities' directives, but raising the risk of further supply disruptions that could hit global car production.

Gold at seven-year high, set for strongest week in six months

Latest Business News - Fri, 02/21/2020 - 14:46
Gold prices rose 1% to their highest in seven years on Friday and were set for their strongest week in more than six months as demand for the safe-haven asset increased after a spike in coronavirus cases.

China firms in $10 billion share sale rush as funding rules eased amid virus worries

Latest Business News - Fri, 02/21/2020 - 14:35
Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus.

EU budget deal no closer after leaders' all-night talks

Latest Business News - Fri, 02/21/2020 - 14:11
European Union leaders appeared no closer to reaching a deal on the bloc's next joint budget on Friday, with deep divisions between richer and poorer nations over its size - and what to spend it on - unresolved after all-night talks.

EU budget deal no closer after leaders' all-night talks

Latest Business News - Fri, 02/21/2020 - 14:08
European Union leaders appeared no closer to reaching a deal on the bloc's next joint budget on Friday, with deep divisions between richer and poorer nations over its size - and what to spend it on - unresolved after all-night talks.

Insurer Allianz raises guidance after profit jump

Latest Business News - Fri, 02/21/2020 - 14:01
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday.

China says to exempt extra tariffs on 65 U.S. goods from February 28

Latest Business News - Fri, 02/21/2020 - 14:01
China’s finance ministry said it will begin exempting 65 U.S. goods from retaliatory tariffs implemented amid the bilateral trade dispute with the United States for one year starting Feb. 28.

India set to dazzle Trump with pomp and circumstance as trade rows fester

Latest Business News - Fri, 02/21/2020 - 13:58
U.S. President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade.

After Amazon, Walmart's Flipkart challenges India antitrust probe

Latest Business News - Fri, 02/21/2020 - 13:55
Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.

T-Mobile, Sprint amend merger terms, SoftBank takes a hit

Latest Business News - Fri, 02/21/2020 - 13:53
(This Feb. 20 story corrects Reuters Instrument Code for SoftBank in paragraph 2)

Hong Kongers set up face mask factory amid coronavirus panic buying

Latest Business News - Fri, 02/21/2020 - 13:28
Responding to shortages of face masks amid a frightening coronavirus epidemic spreading from the mainland, a group of citizens in Hong Kong have set up a surgical face mask factory to ease supplies and deter price gouging in some stores.

Oil falls 1% as spreading virus compounds concerns over demand hit

Latest Business News - Fri, 02/21/2020 - 12:59
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market.

Protect Your Non-Work Time

Daily Management Thought - Fri, 02/21/2020 - 12:30

Some jobs have very clear lines between when you’re “on” and when you’re “off.” But when you work in a role where the lines are blurred — or potentially nonexistent — it’s important to protect your non-work time. If you feel like work is taking over most of your waking hours, start by clearly defining what “after hours” means for you. Take into account the number of hours you’re expected to work each week, as well as personal commitments like taking your kids to school, making a certain train, or attending an exercise class you really enjoy. When do you need to start and stop to put in the appropriate amount of work time? Then, develop mental clarity about what needs to get done and when you will do it. Keep track of your tasks and plan them out. Make sure you block off time for an end-of-workday wrap-up, where you review and make sure you did everything you needed to do for the day. Lastly, communicate with your colleagues about how (or if) you want to be contacted during your off hours. Really guard your time. If you don’t, you won’t get the mental break that everyone needs.

This tip is adapted from “How to Leave Work at Work,” by Elizabeth Grace Saunders

Singapore bank OCBC sees virus trimming revenue by 2% this year

Latest Business News - Fri, 02/21/2020 - 12:25
Oversea-Chinese Banking Corp flagged on Friday a 2% hit to annual revenue from the coronavirus outbreak, following in the footsteps of larger peer DBS Group and signalling Singapore lenders may find it tough to keep growing robustly.

China's chicken chain comes unstuck amid chaos of virus measures

Latest Business News - Fri, 02/21/2020 - 12:13
China's chicken farmers had been looking forward to a bumper year.

Japan January factory output seen slowing, retail sales to fall: Reuters poll

Latest Business News - Fri, 02/21/2020 - 12:04
Japan's factory output likely slowed in January and retail sales fell for a fourth straight month, a Reuters poll showed on Friday, a worrying sign as the new coronavirus outbreak adds to threats to the economic outlook.

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