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European markets struggle to benefit from upbeat manufacturing survey data; fears of virus spread

European markets struggle to benefit from upbeat manufacturing survey data; fears of virus spread

More cases of the new coronavirus outside China along with warnings by major companies that their earnings could be hurt caused most stock markets to pull back yesterday.

Eurozone business activity better than expected in February, PMI shows

Eurozone business activity better than expected in February, PMI shows

Business activity in the eurozone picked up more than expected this month, a business survey showed on Friday, in welcome news for policymakers at the European Central Bank who are trying to revive growth and chronically low inflation.

Branson says new Virgin cruise line will overcome coronavirus fears

Branson says new Virgin cruise line will overcome coronavirus fears

British entrepreneur Richard Branson heralded his first cruise ship “Scarlet Lady” on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus.

Tesla gets go-ahead to resume clearing forest in Germany

Tesla gets go-ahead to resume clearing forest in Germany

Tesla Inc has overcome a legal roadblock standing in the way of Elon Musk’s plan to build an electric-car factory in Germany.

A M Best affirms QGIRC's 'excellent' strength rating

A M Best affirms QGIRC's 'excellent' strength rating

A M Best, an international insurance rating agency, has affirmed Qatar General Insurance and Reinsurance Company's (QGIRC) financial strength rating at 'A- (Excellent)' and the long-term issuer credit rating at “a-”.

More than 51% of the traded constituents extend gains as QSE witnesses strong rebound

More than 51% of the traded constituents extend gains as QSE witnesses strong rebound

The Qatar Stock Exchange witnessed strong rebound, especially in the last three sessions, to overall settle 87 points higher this week which saw QNB brokerage QNBFS licensed as liquidity provider.

IMF begins visit as Lebanon grapples with financial crisis

IMF begins visit as Lebanon grapples with financial crisis

A team from the International Monetary Fund (IMF) met Lebanese government officials yesterday at the start of a visit to advise on how to tackle the country’s crippling financial and economic crisis.

Qatar’s listed banks post average 5.5% increase in profit, 9.3% jump in assets in 2019: KPMG

Qatar’s listed banks post average 5.5% increase in profit, 9.3% jump in assets in 2019: KPMG

Higher margins, continued cost control, and a clear focus on risk have enabled Qatar’s listed banks to report, on average, a 5.5% profit increase year-on-year in 2019, a KPMG analysis has shown.

Investor concerns mount as  virus spreads outside China

Investor concerns mount as virus spreads outside China

Investors are growing increasingly concerned about the rise in coronavirus cases outside China, threatening gains in riskier assets that propelled the S&P 500 Index to an all-time high this week.

China set to cut rates as it battles coronavirus impact

China set to cut rates as it battles coronavirus impact

China yesterday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak.

HNA affiliates’ shares rally on China bailout plan news

HNA affiliates’ shares rally on China bailout plan news

Shares in affiliates of HNA Group surged yesterday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations.

Coronavirus fears hit Asian markets

Coronavirus fears hit Asian markets

Coronavirus fears weighed on Asian markets yesterday despite China reporting a big drop in new cases and easing borrowing costs to cushion the epidemic’s economic impact.

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