Coronavirus Costs Companies Billions in Market Value, Reducing Revenue Projections

Together, companies have lost more than US$118 billion in stock market value.

RIO DE JANEIRO, BRAZIL - The impact of the coronavirus Covid-19 has generated billion-dollar losses in the global market.

The spread of the disease around the world and China, the epicenter of the outbreak, which is still paralyzed by quarantines and restrictions that reflect the decrease in production and consumption, has led large multinational companies to reduce their revenue projections for the first quarter of this year.

The last one to announce a decrease in its projections, Microsoft lost US$62 billion in market value on Thursday's trading session, February 27th, a day after announcing that it would . . .

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