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Mastercard cuts revenue forecast as coronavirus hits travel

Bloomberg Mastercard Inc lowered its three-week-old forecast for quarterly revenue growth as the spreading coronavirus curbs international travel and even takes a bite out of e-commerce, a business executives had hoped would be immune. The credit-card network said it’s knocking 2 to 3 percentage points off the prediction it made on an earnings conference on call on January 29. That ...

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Japan will be prepared to act on coronavirus: Kuroda

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said the monetary policy authority will be “well-prepared” to act when needed to address the impact of the coronovirus on the economy. “We will monitor the impact of the coronavirus on the economy, inflation and financial markets with maximum attention,” Kuroda told reporters in Riyadh, where he was attending a Group of ...

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Amazon set to open larger Go Grocery store in Seattle

Bloomberg Amazon.com Inc is taking aim at the urban grocery market with a larger version of its cashierless Go convenience store. The company on Tuesday was set to open the first Go Grocery, located in Seattle’s Capitol Hill neighbourhood, not far from the online retailer’s headquarters. The store is about five times the size of a typical Amazon Go — ...

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