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China seeks U.S. flexibility on some promises in the Phase 1 trade deal: Bloomberg reporter
(Reuters) - Chinese officials are hoping that the United States will agree to flexibility on some promises in the Phase 1 trade deal as China deals with the outbreak of coronavirus, a Bloomberg reporter said here in a tweet on Monday.
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More Chinese cities are put on lockdown
China has extended its coronavirus lockdown to within nearly 100 miles of Shanghai today with a further 12million people now under quarantine. Millions of residents in the cities of Taizhou, Hangzhou and Ningbo were told that only one person per household can go outside every two days to buy goods.
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iPhone maker Foxconn will stay shut in China for another week at least
Foxconn has stopped “almost all” of its production in China until February 10th at the earliest due to the coronavirus outbreak, according to both Reuters and Bloomberg. A lengthy stoppage could substantially disrupt Foxconn clients, the most visible being Apple, from shipping devices to customers.
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Coronavirus: Macau to close casinos for two weeks over Wuhan virus
Macau will close all its casinos for two weeks as the gambling hub battles the new coronavirus, its leader announced Tuesday (Feb 4), cutting off the lifeblood of the city's economy.
4
Crude oil prices to remain highly volatile in 2020, says Fitch Ratings
The coronavirus outbreak could curb oil demand growth if it continues to spread, leading to an extended production surplus as production grows in Brazil, Norway and the US, said Fitch Ratings.
4
China reportedly may cut 2020 growth forecast amid coronavirus fallout
Officials are mulling whether the country's gross domestic product expectations are too high, sources familiar with the considerations told Bloomberg. The government may ultimately lower its GDP estimate as part of a larger review of the outbreak's effects.
3
Three drugs fairly effective on novel coronavirus at cellular level
The three drugs are Remdesivir, Chloroquine and Ritonavir. They are now under relevant procedures to gain approval for clinical use, said Hubei Daily on Wednesday.
3
China central bank injects 1.2 trillion yuan and cuts reverse repo rates as virus spreads
China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak.
3
Brexit: Boris Johnson sets out vision of UK-EU trade deal
Boris Johnson is to set out his vision for a trade deal with the European Union, saying there is "no need" for the UK to follow Brussels' rules. The prime minister will use a speech in London later to call for a Canada-style free trade agreement - and threaten to walk away if one cannot be struck.
31
Huawei approaches Australia After UK gives it a green light
Huawei was excluded from Australia’s high-speed National Broadband Network in 2012 and from its super-fast 5G network in 2018. The company says it never had the chance to discuss the “boundaries” it would have to push to tap into the Australian market.
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Chinese mall landlords offer rent-free periods to merchants as footfall decreases amid Wuhan coronavirus outbreak
They have also donated money to non-profit groups and hospitals in Hubei province, the epicentre of the new epidemic.
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Fed leaves key interest rate unchanged, and is keeping a close eye on coronavirus
Stressing the U.S. economy is in good shape, the Federal Reserve on Wednesday left unchanged a key interest rate that influences borrowing costs, but it also said it is closely monitoring the severity of the deadly coronavirus and the potential for the illness to disrupt the global economy.
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Coronavirus: Death toll rises as virus spreads to every Chinese region
The death toll of the coronavirus has risen to 170 and with a confirmed case in Tibet, the virus has now spread to every region in mainland China.
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HKEX Mulls Delaying Financial Reporting Over Outbreak
Half of the companies listed on the mainland-dominated bourse in Hong Kong could face delayed financial results due to the ongoing coronavirus outbreak.
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China, Hong Kong & US each fast-track coronavirus vaccine
U.S. health officials are fast-tracking work on a coronavirus vaccine, hoping to start an early-stage trial within the next three months, the Trump administration said Tuesday.
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Hong Kong Partially Closes Border With Mainland China As Virus Deaths Mount
Authorities in Hong Kong on Tuesday shut down rail connections from mainland China on Tuesday as the number of deaths in the Wuhan coronavirus epidemic passed 100.
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China reports 5,974 confirmed cases of new coronavirus pneumonia, 132 deaths
Chinese health authorities announced Wednesday that 5,974 confirmed cases of pneumonia caused by the novel coronavirus had been reported in 31 provincial-level regions by the end of Tuesday. A total of 132 people have died of the disease.
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Wuhan virus: Toll in China jumps to 25 dead, with 830 confirmed cases 8 cities in Hubei closed
China reported that deaths from a new coronavirus rose to 25, from 18, as it rushes to halt the Sars-like disease, even as the World Health Organisation (WHO) stopped short of calling the infection a global health emergency.
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US officials see EU, British trade deals in 2020
US Commerce Secretary Wilbur Ross and US Treasury Secretary Steven Mnuchin said in several television interviews that they expected to finalize agreements with those allies in 2020.
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Coronavirus rapidly spreading, 17 dead, about 550 infected in China; Wuhan is quarantined
A new coronavirus is rapidly spreading in China, with state-run media reporting Wednesday that 17 people have died and about 550 patients have been infected in the country, up by more than 200 from the previous day, as cases have also been confirmed elsewhere in Asia and the United States.