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South Korea’s fourth-quarter GDP growth seen picking up, but full-year pace slowest in a decade: Reuters poll
By Joori Roh SEOUL (Reuters) – South Korea’s economy likely grew faster in the December quarter than in the preceding period, helped by improved domestic consumption after fiscal and monetary stimulus, a Reuters poll showed on Monday. Gross domestic product for the October-December period is expected to have expanded a seasonally adjusted 0.8% from the […]
Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down
(Reuters) – Hewlett Packard Enterprise <HPE.N> on Tuesday cut its free cash flow forecast for the year citing supply constraints due to the coronavirus outbreak, and reported a lower-than-expected quarterly revenue. The computer hardware maker’s shares fell more than 5% in after-market trading. HPE now expects 2020 free cash flow between $1.6 billion and $1.8 […]
Hong Kong expects 1/4 of retail stores to close by end-2020: HKRMA
HONG KONG (Reuters) – The Hong Kong Retail Management Association (HKRMA) said on Thursday that about 25% of retail stores in the Asian financial hub were expected to close by end of the year despite fresh government relief measures against the fallout from the coronavirus pandemic. Some 2,000 stores are seen closing in the February-April […]