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Vietnam cuts interest rate for virus-hit firms

Bloomberg State Bank of Vietnam orders commercial lenders to exempt, reduce or delay interest payments due January 23 to March 31 on loans to businesses facing losses from the novel coronavirus epidemic, according to a statement. The move comes as the nation’s fast-growing economy is at risk of slowing to below 6% for the first time in six years as ...

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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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