New Zealand's corporate world hit by coronavirus outbreak [Reuters]
AUCKLAND INT ARP S/ADR (AUKNY)
NASDAQ:AMEX Investor Relations:
corporate.aucklandairport.co.nz/investors
Company Research
Source: Reuters
New Zealand's corporate world hit by coronavirus outbreak (Reuters) - The fast-spreading coronavirus has shaken the corporate world in New Zealand, with a growing number of companies suspending their earnings outlooks, and others reeling from the economic unknowns facing them. The country’s central bank stunned markets by slashing its official cash rate early on Monday morning. It said the impact from the virus on the economy was, and would remain, significant. Shortly afterwards and adding to the list of firms forced to suspend their earnings forecasts, Auckland International Airport ( AIA.NZ ) and Serko Ltd ( SKO.NZ ) did so, pointing to the stringent border controls imposed by New Zealand over the weekend. The extreme measures, which Prime Minister Jacinda Ardern said were needed to prevent the rapid spread of the virus, requires all incoming travelers, including New Zealand citizens, to self-isolate for two weeks starting from midnight on Sunday. There are so far eight confirm
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