Archive for February 27th, 2020

Business Briefs 27 February 2020

27-Feb-2020 Intellasia | | 9:49 AM

* Phuoc Hoa Rubber JSC (PHR) was on February 21 informed by Binh Duong Province of its decision to take back over 345 hectares of land from PHR to implement a project to [...]
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Asian stocks extend losses as pandemic fears grow

27-Feb-2020 Intellasia | Reuters | 9:41 AM

Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold [...]
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US, South Korea postpone joint exercises over virus

27-Feb-2020 Intellasia | AFP | 9:40 AM

The US and South Korean militaries on Thursday postponed forthcoming joint exercises due to the coronavirus outbreak, they said, as the Asian country reported 334 new cases, [...]
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Hardest-hit China, South Korea count 767 new virus cases

Hardest-hit China, South Korea count 767 new virus cases

27-Feb-2020 Intellasia | | 9:35 AM

South Korea and China each reported hundreds more virus cases Thursday as the new illness persists in the worst-hit areas and spreads beyond borders. South Korea reported 334 [...]
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Mainland China reports 433 new coronavirus cases, 29 deaths on February 26

Mainland China reports 433 new coronavirus cases, 29 deaths on February 26

27-Feb-2020 Intellasia | Reuters | 9:25 AM

Mainland China reported 433 new cases of coronavirus infections on Feb. 26, the National Health Commission said on Thursday, up from 406 on the previous day. The total number [...]
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Asian stocks, Treasury yields fall as pandemic fears intensify

27-Feb-2020 Intellasia | Reuters | 6:02 AM

Asian shares fell on Wednesday as a US warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on [...]
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Asia markets continue to fall after US stocks tank again on fears of coronavirus

27-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Asia stocks fell Wednesday after US markets tanked again overnight as US health authorities warned Americans to get ready for an inevitable coronavirus outbreak. From Seoul [...]
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PERENTI REPORTS STRONG EARNINGS AS IT DELIVERS AGAINST 2025 STRATEGY

27-Feb-2020 Intellasia | FTI Consulting, Strategic Communications Perth | 6:02 AM

HY20 summary of results: * Revenue of $1.0 billion, up 5.3% * Underlying1 EBITDA of $222.0 million, up 10.6% * Underlying1 EBIT(A) of $111.0 million, up 7.7% * Underlying1 [...]
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Asian markets take another hit as virus quickly spreads

27-Feb-2020 Intellasia | AFP | 6:02 AM

A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared [...]
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Economic contagion spreads beyond China to other Asian economiesReuters Poll

27-Feb-2020 Intellasia | Reuters | 6:02 AM

The effects of the coronavirus outbreak are likely to reverberate beyond China as most major economies in the region are expected to either slow down significantly, halt or [...]
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Once bulletproof, tech stocks now among market’s biggest losers

27-Feb-2020 Intellasia | Reuters | 6:02 AM

Technology sharesa key engine of the stock market’s climb to records over the last several monthsare now among those leading Wall Street’s plunge on growing [...]
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Coronavirus: four more confirmed cases in HK including Diamond Princess cruise passenger, 16, who is city’s youngest Covid-19 patient

27-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

A 16-year-old boy from the ill-fated Diamond Princess cruise has become the first child in Hong Kong to be diagnosed with the coronavirus, as the city reported four more [...]
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HK stock exchange enjoys upbeat 2019 despite protests

27-Feb-2020 Intellasia | AFP | 6:02 AM

The trade war and political unrest may have plunged Hong Kong into a recession last year but the stock exchange reported a surprisingly buoyant 2019 on Wednesday, retaining [...]
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Great expectations: all eyes on HK budget unveiling but will it include a cash handout?

27-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s finance minister will face sky-high expectations as he delivers his fourth financial blueprint on Wednesday morning, including hopes for a cash handout for [...]
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Coronavirus: can HK firm regain trade war losses by turning Covid-19 crisis into an opportunity?

27-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

“If you manage a crisis well, you can get market share from your competitors” may be seen as a blunt assessment, but one Hong Kong-headquartered manufacturer is [...]
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