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Virus hits India’s castor oil exports

Bloomberg Exports of castor oil from India to China may slow on concern the spread of coronavirus will impact port logistics in the world’s most populous country, according to India’s top shipper. “Some Chinese buyers of castor oil have told us to go slow on shipments as they anticipate ports may be affected because of the spread of coronavirus,” said ...

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Over 5,000 Chinese tourists stranded in Bali after flight ban

Bloomberg An estimated 5,000 Chinese tourists are stuck in Indonesia’s popular resort island of Bali after Indonesia banned direct flights to and from mainland China to prevent the spread of coronavirus. As most of the visitors were traveling on short tourist visas and were caught unaware by the flight ban, Indonesia said it would grant extensions of one month. Chinese ...

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iPhonemaker Hon Hai slashes 2020 outlook

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s main production partner, cut its 2020 revenue growth outlook after assessing the potential impact of a deadly coronavirus outbreak. Hon Hai, which makes the vast majority of the world’s iPhones from the central Chinese city of Zhengzhou, is now projecting a sales increase of 1% to 3% this year, Chairman Young Liu ...

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