As one of America's top
stockpickers, Michael Baron faces significant exposure to the
spreading coronavirus epidemic, which has posed a challenge for
travel companies like Hyatt Hotels and Norwegian Cruise
India is pushing
state-run banks to approve new loans amounting to 500-600
billion rupees ($6.8-8.2 billion) by the end of March, according
to two government sources, as authorities seek to shore up a
stuttering economy as the coronavirus spreads.
The continued spread of the
coronavirus will push 2020 global growth below last year's
levels, International Monetary Fund Managing Director Kristalina
Georgieva said on Wednesday, adding that the IMF will again
revise its forecasts downward in the coming weeks.