News

* UK economy flat-lined in January (Adds GDP numbers, Carney)

Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said.

* Newcrest Mining falls on gold output guidance cut (Updates to close)

Danish insurer Tryg is recommending that clients should not travel abroad due to the coronavirus outbreak, the company's Norwegian unit told Norway's NTB news agency on Wednesday. (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Canada's Brookfield Asset Management has put the sale of its coal export terminal in Australia, the Dalrymple Bay Coal Terminal (DBCT), on hold due to travel restrictions amid the spread of coronavirus, two sources said.

* Analysts say coronavirus response key for market (Recasts and updates throughout with more detail, analyst comment, context and background.)

Japanese shares tumbled on Wednesday on concerns about the economic hit from the coronavirus, with the broad Topix index falling 1.53% to mark its lowest close since November 2016.

Philippine shares jumped 3% on Wednesday in their biggest intraday gain since January 2019, driven by utilities after reports https://newsinfo.inquirer.net/1239623/duterte-water-concessionaires-meeting-in-public#ixzz6GLYVTkAl said President Rodrigo Duterte was willing to meet and talk with two Metro Manila water firms to settle a government dispute over wate

Plunging oil prices and the economic fallout from the global coronavirus outbreak are setting the stage for a potential wave of debt restructurings and bankruptcies, especially in the energy and services sectors, according to company advisers and analysts.

President Donald Trump will meet with the heads of some of the largest U.S. banks on Wednesday to discuss the financial industry's response to the coronavirus epidemic and the economic toll it is taking on small businesses, the markets and the economy, according to the White House press office.