Almost one in three companies have directly addressed the virus and its impact on their business, according to transcripts of conference calls in February compiled by Bloomberg. Concerns about the spread of the virus are weighing on equity markets, with Australia’s benchmark index slumping since reaching a record close on Feb 20. The World Health Organization said Thursday the outbreak has the potential to become a pandemic and is at a decisive stage. Feb 27:“The Greater China and Singapore corporate businesses have been significantly impacted by the Chinese inbound and outbound travel shutdowns, which have been key elements in the containment efforts to date,” The company said. “FLT’s corporate businesses elsewhere in the world have also been significantly impacted,” the company said.

Source: The Edge Markets March 02, 2020 00:33 UTC