China Evergrande Group (EGRNF), the third-largest developer by sales in the country, said on Sunday that it will offer 25% discount for all properties on sales from Feb 18 to Feb 29. The incentives come as property firms fear that the coronavirus outbreak would hit the market.
For two decades bonds have offered a form of free insurance for investors, tending to move in the opposite direction to stocks over short periods while making good money over the longer run. But investors counting on the ballast of bonds should take note: There is reason to believe this win-win might be ending. And thus when the next recession hits, bonds may be less useful than they were in the last.
Sportwsear company Anta Sports
Products (ANPDF) expects the coronavirus will impact its financial performance in H1 2020 though hopes to return to normal in the year's second half, it wrote in a stock exchange filing published Sunday. Roughly 40% of the company's stores in mainland China have re-opened, according to the filing.
Hundreds of demonstrators rallied for a second day in Hong Kong on Sunday to protest against plans to turn some buildings into coronavirus quarantine centers, reviving anti-government protests in the Chinese-ruled city.
Most major Gulf stock markets fell in early trade on Sunday, with Saudi Arabia pulled lower by losses in Saudi Aramco and banking shares, while Abu Dhabi was up in response to positive corporate earnings. Saudi Arabia's benchmark index inched down 0.2%, led by a 0.8% fall in Saudi Aramco. The oil giant said on Friday it would report 2019 full-year results on March 16.
* SA'S ESKOM - MOVES TO STAGE 2 ROTATIONAL LOADSHEDDING FROM 0900 TODAY AFTER RECOVERY IN GENERATION PERFORMANCE - TWEET Source text : [ID:http://bit.ly/31ZtzHN] Further company coverage: [ ]
China's Finance Minister Liu Kun said on Sunday he expects the country's fiscal revenues to fall and expenditure to rise in the future. The comments were made in the leading Communist Party theoretical journal Qiushi.
Britain will "turn off the tap" of foreign, low-skilled labor and require all skilled workers wishing to come to the country to have a job offer and meet salary and language requirements as it sets post-Brexit rules from next year. Britain formally left the European Union at the end of January but a transition period is in effect until Dec. 31, during which time little changes.
More tests are needed to confirm that an American passenger from a cruise ship docked in Cambodia has the new coronavirus after she tested positive in Malaysia, the MS Westerdam's operator said on Sunday. The 83-year-old woman was the first passenger from the MS Westerdam, operated by Carnival Corp (CCL) unit Holland America Inc, to test positive for the virus.
Britain will "turn off the tap" of foreign, low-skilled labour and require all skilled workers wishing to come to the country to have a job offer and meet salary and language requirements as it sets post-Brexit rules from next year. Britain formally left the European Union at the end of January but a transition period is in effect until Dec. 31, during which time little changes.
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