Impact of virus on China’s economy will be temporary: PBOC papers
The impact from a virus epidemic on China’s economy will be limited and temporary, and the country’s financial markets will return to normal in the long run, a commentary in a newspaper owned by the central bank said on Monday afternoon.
Sri Lanka to probe graft accusations over Airbus deal
Sri Lanka has ordered a probe into accusations of bribery by European planemaker Airbus to pave the way for the sale of aircraft to state-run carrier SriLankan Airlines, after the firm agreed a settlement with regulators.
Panasonic posts higher profit on cost cuts, improved battery business with Tesla
Panasonic Corp on Monday reported a 3% rise in third-quarter operating profit, beating analyst estimates, aided by cost cuts and an improvement at the joint battery business with Tesla Inc .
Coronavirus tips jet fuel margins into biggest monthly fall in over a decade
The suspension of flights to China by global airlines due to the coronavirus epidemic resulted in Asian refining margins for jet fuel in January showing their biggest monthly decline in a more than a decade.
Siemens Healthineers first-quarter profit falls on higher diagnostic gear costs
Siemens Healthineers’ operating income slipped 11% in the first quarter, despite higher revenue, as the German company sold less profitable imaging machines and incurred ramp-up costs for its new blood-testing machines.
Obituary: Bernard Ebbers, convicted of orchestrating WorldCom fraud, dead at 78
Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. He was 78.
Asian shares sink as virus fears maul China’s markets
Asian shares were dragged to near two-month lows on Monday by Chinese markets, which plunged on their first trading day after a long break on fears the coronavirus epidemic would hit demand in the world’s second-largest economy.
Panasonic third-quarter profit rises 3%, beating estimates
Panasonic Corp on Monday reported a 3% rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint battery business with Tesla Inc
Tele2 fourth-quarter tops forecast, launches new restructuring program
Swedish telecoms operator Tele2 reported quarterly core earnings above market forecasts on Monday and proposed a higher ordinary dividend and a special dividend to be paid out for 2019.
U.S. class actions pile up against Australia’s Westpac amid money-laundering scandal
Australia’s No.2 lender Westpac Banking Corp was hit with another U.S. class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money laundering scandal.
