5
WHARF REIC Annual Underlying Net Profit -3% to $9.79B
WHARF REIC (01997.HK) announced annual results ended December 2019. Turnover declined 2.7% yearly to $16.043 billion. Net profit amounted to $3.928 billion, down 78.2% yearly. EPS equaled $1.29. Second interim DPS was $0.93.
4
Fed makes largest emergency cut to interest rates since the financial crisis
The Federal Reserve on Tuesday took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus.
4
US not considering suspending tariffs on China in response to coronavirus: Mnuchin
WASHINGTON: U.S. Treasury Secretary Steven Mnuchin on Tuesday said the United States was not considering lowering tariffs on goods from China in response to the fast-spreading coronavirus, but would look at all options as the situation evolved.
3
Seven Provinces new investment projects of 25 trillion yuan to support economy
At least seven of 31 Chinese provinces have published long lists of investment projects in the last two months, with a combined investment of around 25 trillion yuan (US$3,6 trillion), including 3.5 trillion yuan (US$500 billion) for 2020.
3
Foxconn expects to resume normal production by end of March
Foxconn says it’ll resume normal production in China by the end of March and that half of its seasonal workers are now back at work, according to Reuters. Foxconn, the primary iPhone assembler and parts supplier for Apple and others, has had its output curtailed following the coronavirus outbreak. In addition to mandated government shutdowns, many of Foxconn’s seasonal workers had to be quarantined before returning to work after the extended Lunar New Year holiday last month. Foxconn is the world’s largest contract manufacturer.
2
New coronavirus cases jump sharply in Europe, with Italy worst hit
New coronavirus infections spiked dramatically across Europe on Sunday, with Italy reporting hundreds of new cases and five more deaths. The number of confirmed cases also jumped in France, Germany and the UK, and the Czech Republic reported its first case.
2
China's manufacturing PMI drops in February amid epidemic
The purchasing managers' index (PMI) for China's manufacturing sector stood at 35.7 in February, down from 50 in January, the National Bureau of Statistics (NBS) said Saturday.
1
IOS mobile app update
Due to the trading system update, all existing Apple IOS mobile APP trading users are requested to update the existing APP before 1 March, 2020 for the latest version or you will not be able to log into the application after the date.
28
Tim Cook says Apple is reopening factories as China gets ‘coronavirus under control’
Apple CEO Tim Cook said today that factories in China that manufacture the company’s products are reopening as “China is getting the coronavirus under control.” The comments came from a preview of an upcoming interview with Fox Business.
28
Pupils should stay home while Japan schools closed over virus: gov't
Japan's education minister Koichi Hagiuda said Friday the government wants children to remain indoors at home while elementary, junior and high schools in the country are closed for about a month over coronavirus fears.
27
Trump Appoints Pence To Lead Government's Coronavirus Response
Hours after the White House rejected the idea of appointing a coronavirus czar, President Trump on Wednesday put Vice President Pence in charge of the administration's response to the disease.
27
South Korea confirms 334 more cases of COVID-19, 1,595 in total
South Korea confirmed 334 more cases of the COVID-19, bringing the total number of infections to 1,595 as of 9:00 a.m. local time (0000 GMT) Thursday. The death toll was unchanged at 12.
26
Hong Kong Budget 2020: HK$10,000 cash handouts for all adult permanent residents among raft of relief measures
Hong Kong’s financial secretary has announced a HK$10,000 cash handout for all permanent residents over the age of 18 in a bid to boost local consumption and ease economic woes in light of a fiscal deficit.
26
India, US have finalised defence deals worth USD 3 billion: Trump
India and the US on Tuesday finalised defence deals worth USD 3 billion, and signed three MoUs, including one in energy sector, as Prime Minister Narendra Modi asserted that the two countries have decided to take Indo-US ties to comprehensive global partnership level.
25
Buffett says economy is slowing amid virus fears
Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.
25
Markets bet Fed is pushed to cut rates in coronavirus response
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves.
25
China's January phone shipments down 38.9%
Affected by new coronavirus pneumonia outbreak, China's mobile phone shipments went down 38.9 percent year on year in January to 20.8 million units, a report from the China Academy of Information and Communications Technology (CAICT) showed on Monday.
24
CLP : 2019 Net Profit Plunged on Impairment Costs
CLP Holdings Ltd.'s net profit for 2019 decreased 66%, mainly weighed by impairment costs on its Australian business.
24
Wuhan eases lockdown for some residents
Chinese state media is reporting that the lockdown in Wuhan is being eased to allow “stranded personnel” to leave the city if they are not under quarantine or medical observation.
24
Samsung temporarily shuts down phone factory following coronavirus case
The company has closed a phone factory in Gumi, South Korea until February 24th after confirming that a factory worker was infected with COVID-19. The company told the worker's associates to self-quarantine and will test them for the virus, and will also keep the relevant floor closed until the 25th.