The number of
mainland China-listed firms to delay filing annual reports has
hit a five-year high, indicating auditors' struggle to sign off
accounts after the government effectively closed businesses last
month to slow the coronavirus outbreak.
The International Monetary
Fund said on Thursday it expedited the appointment of U.S.
Treasury official Geoffrey Okamoto to its No. 2 position
effective March 30 as member countries struggle with the
economic impacts of the coronavirus.
China kept its benchmark
lending rate unchanged on Friday, defying expectations for a
reduction to ease borrowing costs in an economy jolted by
widespread disruptions to businesses from the coronavirus
Walt Disney Co,
JPMorgan Chase & Co and United Parcel Service Inc
were among seven major U.S. companies that accepted a
big rise in their borrowing costs to issue bonds on Thursday, as
the coronavirus outbreak roiled credit markets.