February 21, 2020 – China (PRC), Asia - Some communities in Wuhan have instituted curfews or only allow people to exit and enter at particular times since the city's lockdown. In other areas restrictions mean only a certain number of people from a household can leave their residence at any one time. In this kind of situation, food, vegetables, and other necessities are now delivered to the gate of communities and people come out to get them in order to avoid less human contact.
February 21, 2020 – Beijing, China (PRC), Asia - The coronavirus outbreak is denting the prospects of this year's record 8.7 million-strong Chinese university graduating class, with many students stuck at home just as the corporate recruitment season usually swings into high gear. Graduates are worrying less about catching the virus than the impact it will have on their careers as company-organised recruiting events on campuses across China are pushed back or cancelled amid nationwide bans on public gatherings to avoid the spread of disease.
February 21, 2020 – Paris, France, Europe - The Paris-based Financial Action Task Force will decide whether to put Pakistan on its terror financing "blacklist". India has been pushing for it to do so. If the FATF does so, it will deal a damaging blow to Pakistan, which is struggling to keep sentiment around its economy and financial institutions positive.
February 20, 2020 – Tokyo, Japan, Asia - Walmart Inc might finally have found the sweet spot in Japan's food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
February 20, 2020 – Hong Kong, China (PRC), Asia - HSBC Holdings PLC has named Kevin Martin, its head of Asia Pacific retail banking and wealth management unit, as the chief operating officer of the newly created global wealth and personal banking business.
February 20, 2020 – Japan, Asia - Two passengers from a coronavirus-hit cruise ship moored near Tokyo have died, public broadcaster NHK said on Thursday, as a second group of passengers began disembarking after two-weeks quarantined onboard.
February 20, 2020 – Tokyo, Japan, Asia - As Japan struggles to rein in the spread of a coronavirus, some investors are starting to worry the epidemic could scupper the Olympics set to start in Tokyo from July 24, hitting shares of firms ranging from sportsgear makers to event organisers.
February 19, 2020 – Tokyo, Japan, Asia - The Tokyo 2020 Olympics - just like the 1964 Games in the Japanese capital - will act as a catalyst for the country's toilet revolution. Sixty years ago it was getting rid of pick and shovel toilets and replacing them with new, Western-style flush ones. Six decades on with Japan boasting high-tech toilets that have heated seats and play music to cover any embarrassing sounds, the government is funding projects to get rid of the remaining 40% of public toilets that are still squat toilets.
February 19, 2020 – Macau, China (PRC), Asia - Macau has given the green light for its 41 casinos to reopen on Thursday after a two week suspension aimed at containing the coronavirus. While operations may resume, executives say business is likely to remain very muted with the ripple effects felt far and deep in the Chinese territory where gaming accounts for over 80 percent of total revenues.
February 18, 2020 – Beijing, China (PRC), Asia - U.S. distressed asset manager Oaktree Capital Management has set up a wholly owned unit in China seeking direct access to the country's bad loan market. The unit, Oaktree (Beijing) Investment Management Co, was set up with a registered capital of $5.42 million, Beijing's financial regulatory department said in a statement on Monday. As part of the Phase 1 trade deal between China and the U.S., China will allow U.S. firms to apply for asset management company licenses, and allow them to acquire non-performing loans directly from Chinese banks. Currently, foreign asset managers can only buy Chinese distressed assets through local bad loan companies.