Norway's sovereign wealth fund, the world's largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday.
Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets.
Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to Kang Wu, head of Asia analytics at S&P Global Platts.
The Nikkei 225 in Japan closed 2.13% lower as investors continued to watch for developments on the coronavirus outbreak that recently spread rapidly outside of China, where the disease was first reported.
Some of Malaysia's regional neighbors have announced stimulus packages worth billions of dollars to support their economies through the coronavirus outbreak.
"This kind of confusion breeds distrust. You should stick to a standard even if you have caveats," global health economist at the Harvard Chan School of Public Health Dr. Eric Feigl-Ding said.
The central bank dashed expectations for a cut, even as the rapid spread of the coronavirus in Asia's fourth-largest economy threatened to derail growth.
Since Jan. 31, when the Trump administration declared the outbreak a public health emergency in the U.S., Americans across the country who return from China have been asked to self-quarantine.
Apple CEO Tim Cook talked about the company's Apple TV+ strategy during Apple's shareholder meeting on Wednesday. He also briefly discussed the company's health plans and 2019 acquisitions.
President Donald Trump is expected to speak about the deadly coronavirus outbreak Wednesday evening, a day after the Centers for Disease Control and Prevention warned Americans to prepare for the possibility of a pandemic.