Oil skids as oversupply fears pile up with U.S. inventories growth
Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening...
Dollar rallies as investors brace for global downturn
The dollar gained broadly against riskier currencies on Wednesday, with markets staring at what is likely to be one of the worst economic contractions for...
Exclusive: KKR shelves $2 billion sale of Singapore-based Goodpack due to market slump: sources
KKR & Co has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources...
Stocks give up meager gains as virus anxiety prevails
Asian shares and Wall Street futures fell on Wednesday in the first trading session of the quarter as the coronavirus pandemic and the prospect of...
Exclusive: KKR shelves sale of Singapore-based Goodpack amid market turmoil – sources
KKR & Co. has shelved a process to sell Singapore-based Goodpack, an intermediate bulk container maker, after the coronavirus outbreak impacted valuations for the proposed...
Apple doubles China donations for COVID-19 recovery efforts
Apple more than doubled its donation to China’s efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo...
Asia’s factory activity plunges as coronavirus shock deepens
Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export...
Dollar firms as investors brace for global downturn
The dollar was a touch firmer on Wednesday, buoyed by its safe-haven status with the world staring at what is likely to be one of...
Oil prices fall as U.S. inventory build-up heightens oversupply concerns
Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening...
Asian shares hold on to gains but virus keeps markets on edge
Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles...