Finance

VIENNA (Reuters) – Markets are underpricing the risk that the coronavirus outbreak poses to the global economy, and central banks need to help business survive the impact of the virus, the chairman of Swiss lender UBS (UBSG.S), Axel Weber, said.…

MILAN — In a last-minute change, Giorgio Armani is holding his Milan Fashion Week runway show behind closed doors Sunday due to concerns raised by the coronavirus, and instead stream the event from inside the empty showroom. The fashion house…

Construction of 362 projects have been resumed in South China’s Hainan province following a prolonged shutdown for the Chinese Spring Festival holiday due to the COVID-19 outbreak, according to officials with the provincial government. Another 1,575 projects are ready to…

NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (BRKa.N) decision to invest heavily in stocks of companies such as Apple Inc (AAPL.O) as he labors through a four-year drought since his last major acquisition of…

The novel coronavirus epidemic will not alter the fundamentals of China’s foreign trade, foreign investment and core position within global industrial chain in the long term, commerce officials said. Even though China’s foreign trade, foreign investment and consumption condition have…

(Reuters) – Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In…

Original source: Transportation enterprises and projects have resumed production and operation in an orderly manner, an official from the Ministry of Transport said on Saturday. Wu Chungeng, director of the ministry’s policy research office, said the national highway network has…

The express industry is recovering steadily, and communities and relevant organizations should provide conveniences for couriers to collect and deliver packages, an official said on Saturday. The Ministry of Transport has given priority to the resumption of the postal and…

(Reuters) – The Philippine unit of Honda Motor Co Ltd (7267.T) said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations. Japan’s third-largest automaker has seen its profitability…