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Nestle mandates JPMorgan to handle Yinlu sale

Food giant Nestle (NESN.S) has mandated JPMorgan Chase & Co. to handle the sale of its struggling Chinese peanut milk business Yinlu that could be valued at about $1 billion,

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Silver lining for some: virus shutdown boosts China non-life insurers

Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak – a sharp drop in car accident claims. Beijing’s efforts

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Insurers face double whammy from coronavirus crisis

Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a

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Corporate credit risk heightens as coronavirus impact spreads

Investor worries about corporate credit are heating up as the coronavirus spreads, with the prices of bond funds taking a hit, companies starting to draw on credit lines and some

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Panic grips financial markets after U.S. travel curbs, ECB move

Panic hit world financial markets on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe because of

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Global airlines call for government aid and United warns of cuts to U.S. routes

Airlines on Thursday appealed for urgent government financial support as U.S. carriers rushed to cut flights to Europe in the wake of new U.S. travel restrictions aimed at combating the

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Sell signal: Trump’s shallow virus plan blows floor out of markets

All global investors got from U.S. President Donald Trump’s coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax

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