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Chinese maker of 'Amazon coat' weathers coronavirus impact with tax breaks, rent waivers

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Orolay, the maker of the 'Amazon coat' that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic.

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Revival gives Rolls-Royce confidence despite coronavirus

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Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption caused by the coronavirus outbreak, it said on Friday.

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Airlines at centre of storm as coronavirus spreads

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European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in Italy.

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Coronavirus crash wipes $5 trillion off world stocks

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Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion.

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British Airways owner says earnings bets are off as coronavirus hits

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British Airways-owner IAG said on Friday that coronavirus would hit its earnings this year but it wasn't sure by how much, becoming the latest airline to warn about the impact of the rapidly evolving outbreak.

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Gold slips, but on track for 3rd monthly gain on pandemic fears

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Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks.

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Japan minister flying to Lebanon to make case for Ghosn's return

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Japan's deputy justice minister is travelling to Lebanon this weekend to try to make the case that fugitive ex-Nissan Chairman Carlos Ghosn should stand trial in Japan.

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Hong Kong retailers in rent battle to survive virus, protests blow

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Retailers in Hong Kong have launched themselves into a rare battle with the city's notoriously unflinching landlords for deeper and longer-term rental cuts, as they reel from the double whammy of the coronavirus epidemic and months of political unrest.

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Exclusive: Indian refiners plan to wind down Venezuelan oil buys in April - sources

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Indian refiners Reliance Industries and Nayara Energy are planning to wind down purchases of Venezuelan oil in April fearing future U.S. sanctions could choke off all avenues to trade with state-run oil firm PDVSA, three sources with knowledge of the matter said.

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Global funds cut equity exposure in turbulent February, eye virus risk - Reuters Poll

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Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.

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Blowout fear for FX markets as coronavirus stirs dormant vol trades

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With this week's coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the "short volatility" trades that some regulators fear could trigger a blowup on world markets.

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Saudi Arabia may slash April oil prices to Asia by most since 2012

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Top oil exporter Saudi Arabia is expected to make the deepest cuts to its monthly official selling prices (OSP) to Asia since 2012, tracking declines in Middle East benchmarks and weak refining margins as the coronavirus outbreak has cut demand.

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Global corporate earnings to stagnate at best in 2020 - Citigroup analysts

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Major global companies will see no growth in earnings in 2020, analysts from U.S. bank Citigroup have predicted, the latest sign of a reining in of expectations for commercial performance this year as the coronavirus continues to spread.

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BASF flags risk of lower earnings on virus hit

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Germany's BASF warned that earnings could drop further this year after the fallout from the coronavirus outbreak has started to weigh on demand from its industrial customers.

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Oil prices on track for biggest weekly fall in four years

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Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.

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Malaysia's AirAsia X defers A330neo deliveries as virus pressures frail finances

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Malaysian long-haul budget airline AirAsia X said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet, as the coronavirus outbreak adds pressure on the loss-making carrier.

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Confidence returning for UK consumers and companies - surveys

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Confidence among British consumers hit its highest level in 18 months in February, and there were fresh signs that companies have also become more positive since December's election, surveys showed.

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Powered by hydrogen, Hyundai's trucks aim to conquer the Swiss Alps

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Hyundai's hydrogen-powered 18-tonne trucks are set to hit the roads in Switzerland next month as the South Korean automaker looks to establish a case for its zero-emissions technology in a low carbon world.

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Asian LNG prices steady but traders wary of demand slowdown

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Asian spot liquefied natural gas (LNG) prices stabilised this week though traders remained wary regarding overall demand as the spread of coronavirus threatens to dent the global economy.

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London Stock Exchange on track to close Refinitiv deal as income jumps

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The London Stock Exchange Group said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported higher-than-expected annual income, driven a jump in clearing activity.

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