Ping An says the coronavirus will impact China 's economy but has also been 'helpful' for business
Ping An Insurance's Jessica Tan tells CNBC how the company's technology expertise has given it an edge amid the ongoing coronavirus outbreak.
of February," referring to the extended holiday period in China. "That's something that very few people can do and we've been offering that to our financial services partners as well."Tan's comments came a day after Ping An posted earnings that missed expectations despite a more 39% surge in its 2019 net profit. The firm saw a net profit attributable to shareholders of the parent company of about 149.4 billion yuan (approx. $21.27 billion) in the year ended Dec. 31, 2019. That compared to a figure of about 107.4 billion yuan (approx. $15.29 billion) the previous year.
Ping An said in its 2019 annual report the virus has had "certain impacts on the business operation and overall economy" in certain areas or industries, including in Hubei province where the disease was first reported.Speaking with CNBC on Friday, Tan said a recovery was expected in the second half of the year and the outbreak will likely pan out positively in the longer-term for Ping An's health insurance and tech businesses.
Read more: CNBC
UK Prime Minister Boris Johnson transferred to intensive care
Over 51,000 people in the United Kingdom have tested positive for COVID-19, including Prime Minister Boris Johnson and Prince Charles, heir to the British throne.
U.S. economy to dodge coronavirus blow, but risks to downside: Reuters pollThe impact of the coronavirus outbreak in China on U.S. economic growth will be ... A little early to signal the all clear friends. Poll of scientists? Virologist? Radom ass people who have no idea on if a pandemic with 2% death rate is going to hit us? You just posted this story a few hours ago, stop spamming.
Adidas says business activity in China has tanked roughly 85% due to coronavirusGerman sportswear firm Adidas warned business activity in China has fallen dramatically in recent weeks. Stock up 2% Michele_ITA_EU Who are the 15% buying expensive sneakers ... they should buying masks ... lol
BOJ Kuroda says virus impact likely biggest topic at G20 meetingThe impact of the new coronavirus outbreak on global growth will be a key issue ... The responsible stance that BOJ Governor Kuroda has taken to ensure that, not only this virus, but that all global risks are taken seriously, is an example of his logic and maturity. Blessed are those that protect humanity. sf2invest sergiosanita
Here's what happened to the stock market on WednesdayWorries over the coronavirus and its impact on the economy were assuaged slightly, lifting two of the three major indexes to record highs. People made money, the end
2019 Novel Coronavirus (2019-nCoV)2019 Novel Coronavirus (2019-nCoV) is a virus (more specifically, a coronavirus) identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China . CDCgov DrNancyM_CDC Fakenews We *know* it's airborne. Just look at the spread on the Diamond Princess This misinformation does not instill confidence or trust CDCgov DrNancyM_CDC Can CDCgov DrNancyM_CDC please comment on why so few people who were infected are still sick? Why are there so few recoveries to date? Is this illness one that may be chronic with asymptomatic dormancy phases and symptomatic outbreak phases that come in cycles? CDCgov DrNancyM_CDC This is the lamest video I have ever seen.
Coronavirus poses risks to fragile recovery in global economy: IMFThe coronavirus epidemic has already disrupted economic growth in China and a fu... This is, indeed, the great fear. Fragile recovery? No one in stock markets is listening ! Not 'highly fragile.' Merely fragile. After 3 days in a Dallas hospital, the vast majority of the people who've been affected