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Ships are skipping China and it’s causing turmoil for trade

Bloomberg February 2020 will come to be remembered as a period of historic disruption to physical supply chains the world over, as the coronavirus wrecks trade. Dozens of export sailings to ship China-made goods to consumers from the US to Europe — think handbags, flat-screen TVs, and plastic toys — have been canned since the coronavirus crisis escalated last month. ...

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HK government to seek $3 billion to fight virus outbreak

Bloomberg Hong Kong’s government will seek approval from the territory’s legislature for at least HK$25 billion ($3.2 billion) in fresh funding to reduce the impact of the coronavirus outbreak in the city, Chief Executive Carrie Lam said. The amount includes measures to assist tour agencies, restaurants and students, as well as extra cash for the Hospital Authority. The government will ...

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Malaysia plans stimulus as virus may hit growth

Bloomberg Malaysia will announce a stimulus package early next month as analysts slash their growth forecasts to account for the impact of the coronavirus outbreak. The package will involve all ministries, Transport Minister Anthony Loke said. Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunos earlier said the measure will seek to support those affected by the coronavirus, including tourism and ...

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