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

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

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

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

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

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

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

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

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

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

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

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

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

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 Inc.

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

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

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

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.

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

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

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

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.

In Mexico's cradle of corn, climate change leaves its mark

Fri, 02/21/2020 - 12:00
At least 9,000 years ago, humans began domesticating corn for the first time near Tehuacan, in the central Mexican state of Puebla, laying the foundation for permanent settlements in the Americas.