Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Apple, Starbucks warn of hit from virus; firms restrict travel, airlines cancel flights

share with twitter share with LinkedIn share with facebook
share via e-mail
01/29/2020 | 09:18am EDT
A police officer wearing a mask stands in front of the closed seafood market in Wuhan

Apple said it had baked into its outlook uncertainty related to a virus outbreak in China that has killed 132 and infected nearly 6,000. Starbucks warned results would be hit after it shut over half its cafes in the country.

Companies also restricted travel to China and asked staff there to work from home.

Here's what large companies have said about the outbreak:

TRAVEL ADVISORIES/EVACUATIONS/QUARANTINES:

*Facebook suspended non-essential travel to mainland China and told employees who had travelled to China to work from home.

*Alibaba asked employees to work from home for a week after an extended Lunar New Year break ends on Feb. 2. Tencent extended holidays until Feb 9.

*Tiktok owner Bytedance asked employees who travelled during the holidays to quarantine themselves at home for 14 days. E-commerce firm Pinduoduo and UBS Group have advised similar action.

*HSBC banned travel to Hong Kong and China, and asked employees who travelled to the mainland recently to quarantine themselves at home.

*Goldman Sachs and Standard Chartered took similar quarantine measures. Standard Chartered also restricted travel to China, as did Commonwealth Bank of Australia, SK Hynix, LG Display, Honda Motor and Nippon Steel.

*Samsung Electronics advised employees who visited Hubei province to stay at home for seven days.

*LG Electronics and LG Chemical banned travel to China.

*Honda and Nissan flew back some employees to Japan from China on a government chartered flight.

*Novartis asked staff in China to work from home until Feb. 10.

*Volkswagen asked China staff to work from home for two weeks after the extended break ends.

*Exxon Mobil and Brazilian miner Vale SA suspended travel to China.

STORE/FACTORY CLOSURES:

*Toyota Motor, which restricted China travel, said it was halting operations in factories in the country through Feb. 9.

*AB Inbev suspended production at its Wuhan brewery.

*Apple closed one of its retail stores in China and reduced hours at others, and restricted employee travel.

*Walt Disney shut its resorts and theme parks in Shanghai and Hong Kong during what is likely the busiest time of the year.

*McDonald's shut outlets in five cities in Hubei.

*Japan's Fast Retailing temporarily closed about 100 Uniqlo stores in Hubei. IKEA closed its one store in Wuhan.

*Yum China temporarily closed some KFC and Pizza Hut stores in Wuhan, and Luckin Coffee closed its cafes in the city.

*Imax delayed film releases in China.

*H&M closed 45 stores and suspended business travel to and within China. Staff arriving from China are advised to stay home for 14 days.

*Swatch closed five stores in Wuhan and suspended travel to and from China.

AIRLINE CANCELLATIONS/REFUNDS:

*British Airways suspended all direct flights to and from China until at least Jan. 31. Finnair suspended routes to Nanjing and Beijing until end-March. [nL8N29X469]

*United Airlines, Air Canada, Taiwan's China Airlines, Jetstar Asia and IndiGo cancelled some flights to China.

*Cathay Pacific and Cathay Dragon will cut capacity to and from mainland China by half or more from Jan. 30 to end-March. The airline will rebook, reroute or refund tickets booked on or before Jan. 28 for travel by March 31 to or from mainland China.

*Air Seoul suspended all flights to China. Indonesia's Lion Air cancelled some this month and all flights to China next month.

HOTELS:

*InterContinental Hotels will allow customers to change or cancel stays scheduled up to Feb. 3 across mainland China, Hong Kong, Macau and Taiwan.

*Hyatt Hotels said guests who booked stays through its official channels and are cancelling due to the coronavirus outbreak, or are Chinese guests outbound to its Asia Pacific hotels, can cancel stays or change dates for free.

BOOKING PLATFORMS, AGENCIES:

*Ctrip, China's largest online booking platform, said more than 300,000 hotels on its platform had agreed to refunds on bookings between Jan. 22 and Feb. 8. Refunds also include flight tickets, cruises and car rentals.

*Fliggy, Alibaba's booking site, offered similar refunds.

*Some Chinese tour operators such as China International Travel Service offered refunds and many European tour operators cancelled tours to China.

(Reporting by Sophie Yu in Beijing, Jamie Freed in Sydney, Ritsuko Ando in Tokyo, Anna Ringstrom in Stockholm, Ben Blanchard in Taipei, Naomi Tajitsu in Tokyo, Heekyong Yang and Jane Chung in Seoul, Josh Horwitz and Brenda Goh in Shanghai, Pei Li in Beijing, Neil Jerome Morales in Manila, Sumeet Chatterjee in Hong Kong, Paul Arnold and Silke Koltrowitz in Zurich, Laurence Frost in Paris; Writing by Sayantani Ghosh and Josephine Mason; Editing by Shounak Dasgupta, Lisa Shumaker, Tom Hogue and Kim Coghill)

Stocks mentioned in the article
ChangeLast1st jan.
AIR CANADA -1.15% 14.55 Delayed Quote.-70.01%
AIR CHINA LIMITED 0.00%End-of-day quote.0.00%
ANHEUSER-BUSCH INBEV -0.83% 39.84 Delayed Quote.-45.21%
APPLE INC. -1.44% 241.41 Delayed Quote.-17.79%
CATHAY PACIFIC AIRWAYS LIMITED 2.22% 8.3 End-of-day quote.2.22%
CHINA LNTERNATIONAL TRAVEL SERVICE CORPORATION LIMITED 0.00%End-of-day quote.0.00%
CHINA SOUTHERN AIRLINES COMPANY LIMITED 0.00%End-of-day quote.0.00%
COMMONWEALTH BANK OF AUSTRALIA 0.00%End-of-day quote.0.00%
COUNTRY GARDEN HOLDINGS COMPANY LIMITED 3.88% 9.38 End-of-day quote.1.08%
DEUTSCHE LUFTHANSA GROUP AG -0.33% 7.95 Delayed Quote.-51.55%
EVA AIRWAYS CORP. -1.22% 8.89 End-of-day quote.-1.98%
FACEBOOK -2.53% 154.18 Delayed Quote.-24.88%
FAST RETAILING CO., LTD. 1.96% 44190 End-of-day quote.0.43%
FINNAIR OYJ 0.27% 3.682 Delayed Quote.-37.38%
GOLDEN EAGLE RETAIL GROUP LIMITED 1.33% 7.6 End-of-day quote.4.11%
HENNES & MAURITZ -0.96% 114 Delayed Quote.-40.15%
HONDA MOTOR CO., LTD. -4.37% 2430 End-of-day quote.-4.61%
HSBC HOLDINGS PLC 0.40% 397.4 Delayed Quote.-32.89%
INTERCONTINENTAL HOTELS GROUP PLC -5.30% 2841 Delayed Quote.-45.45%
INTERGLOBE AVIATION LIMITED 0.00%End-of-day quote.0.00%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA -1.44% 198 Delayed Quote.-68.32%
KOREAN AIR LINES CO.,LTD. 0.00% 18700 End-of-day quote.-2.35%
LG CHEM, LTD. 0.66% 305000 End-of-day quote.-0.49%
LG DISPLAY CO., LTD. -0.45% 11100 End-of-day quote.-1.77%
LG ELECTRONICS INC. -0.62% 48200 End-of-day quote.-1.83%
LUCKIN COFFEE INC. -15.94% 5.38 Delayed Quote.-86.33%
NIPPON STEEL CORPORATION -8.01% 925.4 End-of-day quote.-6.21%
NISSAN MOTOR CO., LTD. -7.35% 356.6 End-of-day quote.-6.16%
NOVARTIS 1.08% 81.65 Delayed Quote.-11.15%
PINDUODUO INC. 1.71% 36.9 Delayed Quote.-2.43%
QANTAS AIRWAYS LIMITED 0.00%End-of-day quote.0.00%
SAMSUNG ELECTRONICS CO., LTD. -0.21% 47750 End-of-day quote.-0.52%
SK HYNIX, INC. -0.48% 83300 End-of-day quote.-0.83%
SK INNOVATION CO., LTD. 1.05% 87000 End-of-day quote.-1.14%
STANDARD CHARTERED 2.01% 406.4 Delayed Quote.-42.95%
STARBUCKS CORPORATION -3.00% 63.05 Delayed Quote.-28.29%
TENCENT HOLDINGS LIMITED 0.96% 380.2 End-of-day quote.-1.30%
THE SWATCH GROUP SA -3.06% 182.35 Delayed Quote.-32.46%
TOYOTA INDUSTRIES CORPORATION -3.54% 5180 End-of-day quote.-3.90%
TOYOTA MOTOR CORPORATION -4.35% 6501 End-of-day quote.-4.06%
UBS GROUP AG -1.50% 8.656 Delayed Quote.-29.19%
UNITED AIRLINES HOLDINGS, INC. -2.28% 22.885 Delayed Quote.-74.02%
VALE S.A. 0.00%End-of-day quote.0.00%
VOLKSWAGEN AG 0.08% 98.91 Delayed Quote.-43.88%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
12:47aSoutheast Asia stocks - Markets track global equities higher as virus slows
RE
12:46aADB ASIAN DEVELOPMENT BANK : Promotes Innovation and Efficiency to Bolster Anticorruption Efforts
PU
12:21aECLIPSE METALS : Data from Geophysical Surveys over the Devils Elbow Acquired
PU
12:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
12:12aOil slips on oversupply fears, but stocks jump on virus slowdown hopes
RE
12:06aNOBLE MINERAL EXPLORATION : Provides Update on its Property Transactions with Canada Nicke
PU
12:02aOil slips on oversupply fears, but stocks jump on virus slowdown hopes
RE
04/05SUBSCRIBERS : India Market Items Unavailable Due to Holiday
DJ
04/05SGS : EU Proposes to Strengthen Allergenic Fragrances in Toy Safety
PU
04/05CATALYST METALS : New gold zone discovery at Tandarra Gold Project (2.66 Mb)
PU
Latest news "Economy & Forex"