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Peso, rupiah can carry on best amid virus volatility

Bloomberg The Philippine peso and Indonesia’s rupiah are Asian carry trades most insulated from the coronavirus outbreak, as the pandemic shows no sign of abating. That’s based on comparative performance before and after January 20, when concerns about the disease escalated with reports that human-to-human transmission was occurring. The top performers were the onshore yuan, rupiah and the offshore yuan, ...

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Airlines suspend more flights to China over virus spread

Bloomberg Airlines across the globe suspended more flights to China, as governments clamped down on travel to help stop the spread of the deadly Wuhan virus. British Airways halted daily routes to Beijing and Shanghai from London’s Heathrow airport, after UK officials advised against non-essential travel. The UK flag carrier said it would reassess over the next few days. Hong ...

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SAA to get $239mn from state-run bank

Bloomberg South African Airways’s (SAA) business-rescue team said it’s been given access to 3.5 billion rand ($239 million) from the state-owned Development Bank of Southern Africa (DBSA) to avert the airline’s collapse. The team will immediately draw down 2 billion rand from the facility, they said in a statement. SAA has already cancelled some flights this month to save cash ...

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