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Covid-19: Singapore races to regain control

Bloomberg In the early days of the coronavirus pandemic, Singapore was a global standard bearer for taming the deadly illness. Now it’s home to Southeast Asia’s largest recorded outbreak and is racing to regain control. One reason behind this reversal can likely be traced back to six days in February, when the earliest sign of what would become an explosion ...

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Indian companies face earnings downgrades following lockdown

Bloomberg As the outlook for Indian corporate profits grows increasingly murky under the influence of the coronavirus pandemic, analysts are hunkering down for a protracted series of forecast cuts. Asia’s third largest economy is set for a near-complete disruption of economic activity for at least 40 days after Prime Minister Narendra Modi extended a nationwide lockdown to prevent the spread ...

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Indians stocking up milk help lift dairy shares amid lockdown

Bloomberg Heritage Foods and Parag Milk Foods are almost doubling in market value as sales of packaged milk pick up pace with Indians stocking up to survive the world’s biggest lockdown. The nation is the largest producer and consumer of milk, pouring it liberally into sugared teas and coffees, as well as using derivatives like ghee, curd, and cottage cheese ...

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