Xinyuan Provides FY20 Outlook – Quick Facts

China advises foreign diplomats to stop coming to Beijing

BEIJING (REUTERS) – China’s Foreign Ministry is advising foreign diplomats to stop coming to Beijing, after the country temporarily banned most foreigners from entering to prevent a resurgence of a coronavirus epidemic, a spokeswoman said on Friday (April 3).

Foreign Ministry spokeswoman Hua Chunying told reporters during a daily briefing that the ministry was aware of confirmed coronavirus cases among foreign diplomats in China.

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Thailand reports 103 new coronavirus cases, 4 new deaths; total cases at 1,978

BANGKOK (REUTERS) – Thailand on Friday (April 3) reported 103 new coronavirus cases and four more deaths, bringing its total number cases to 1,978, a health official said.

There were four new deaths, bringing total fatalities to 19, said a spokesman for the government’s Centre for Covid-19 Situation Administration, Taweesin Wisanuyothin.

The new deaths were all Thai males, including a 59-year-old who worked on a train.

Three new deaths ages between 72 and 84 were connected to a crowded boxing match that saw a large number of infections.

Japan's Unizo hotel chain says taken over by U.S. fund Lone Star

TOKYO (Reuters) – Japanese hotel chain Unizo Holdings Co Ltd (3258.T) said on Friday U.S. buyout fund Lone Star had succeeded in buying out the company.

U.S. investment fund Lone Star, together with a group of Unizo employees, secured 86.6% of Unizo’s outstanding shares in an open bid that started in December, the hotel chain said in a statement.

Ukraine economy to contract 4.8% in 2020: government

KIEV, April 3 (Reuters) – Ukraine’s government sharply revised its economic outlook on Friday, expecting the economy to shrink by 4.8% in 2020 due to restrictions imposed to prevent the spread of coronavirus, a government decree said.

The forecast of a 4.8% contraction compares to an earlier estimate of the economy growing by 3.7%. The government also expects inflation will speed up to 11.6% from an earlier estimate of 5.5%. Ukraine’s gross domestic product grew 3.2% in 2019 and 3.4% in 2018. Inflation had slowed to 4.1% from 9.8%. (Reporting by Natalia Zinets; editing by Matthias Williams)

China advises foreign diplomats to stop coming to Beijing

BEIJING (Reuters) – China’s foreign ministry is advising foreign diplomats to stop coming to Beijing, after the country temporarily banned most foreigners from entering to prevent a resurgence of a coronavirus epidemic, a spokeswoman said on Friday.

Foreign ministry spokeswoman Hua Chunying told reporters during a daily briefing that the ministry was aware of confirmed coronavirus cases among foreign diplomats in China.

Live blog: PM Lee, ministerial task force address nation on Covid-19 situation

Follow our live coverage as Prime Minister Lee Hsien Loong and the ministerial task force address the nation at 4pm on Friday (April 3).

Poland's ruling coalition partner to vote against election via post

WARSAW, April 3 (Reuters) – A partner in Poland’s ruling government coalition, Porozumienie, will vote against a plan to conduct May 10 presidential election via post, a spokeswoman for the party said on Friday

“We will vote against the proposal,” Magdalena Sroka, who is also a member of Porozumienie, told Reuters.

Porozumienie, which has 18 members, belongs to the coalition led by the nationalist Law and Justice (PiS) party, giving PiS a majority in the 460-seat lower house of parliament. (Reporting by Joanna Plucinska; Writing by Marcin Goclowski)

Virus-infected Holland-American cruise ships dock in Florida

An estimated 9,000 passengers on board 10 cruise ships remain stranded at sea.

Two cruise ships with sick passengers on board have docked in Florida after initially being turned away.

At least two of four people who died on board tested positive for the coronavirus and another 200 are showing influenza-like symptoms.

The cruise ship, Zaandam, and its sister vessel, Rotterdam, came ashore in Fort Lauderdale after days of frantic negotiations.

Al Jazeera’s Andy Gallacher reports from Miami.

Al Jazeera asks Trump if US will help Iran face COVID-19

Calls mount for Washington to ease sanctions that have crippled Iran.

The war against the coronavirus pandemic is a life-and-death fight for nations.

But Iran is waging it with an economy badly crippled by United States sanctions that have left Tehran bereft of financial resources to mount an effective public health response.

Al Jazeera’s White House Correspondent Kimberly Halkett asks President Trump whether he will support Iranians as they struggle with the coronavirus.

Spain horror: Coronavirus death toll SOARS to 10,935 – horrifying update as crisis spirals

The health ministry has said the death toll has increased to 10,935 from 10,003 on Thursday.

There have also been more than 7,000 new coronavirus cases, with this total surging from 110,238 to 117,710 within just the past 24 hours.

This is a breaking story. More to follow.

Xinyuan Provides FY20 Outlook – Quick Facts

While reporting financial results for the fourth quarter and fiscal 2019 on Friday, Chinese real estate developer Xinyuan Real Estate Co., Ltd. (XIN) said it expects contract sales for the full year 2020 to be in the range of RMB 20 billion and RMB 22 billion.

However, the outlook may be subject to change in light of uncertainties and situations related to how coronavirus (COVID-19) pandemic develops.

Xinyuan Chairman Yong Zhang stated, “We started 2020 in a challenging environment due to the COVID-19 outbreak, which has adversely affected our first quarter sales. The most immediate impact was the closure of sales and construction sites. At the moment, China has contained the spread of the virus, and by the end of March 2020, all of our construction and sales sites have re-opened, except our Wuhan project, and we are striving to resume full operations.”