Starbucks to invest $130 million for roasting plant in China’s Kunshan
Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the...
Stocks crash as pandemic panic sweeps markets
Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to...
United States approves coronavirus test in race to boost screening capacity
The U.S. Food and Drug Administration issued emergency authorization for a coronavirus test made by Swiss diagnostics maker Roche , a move aimed at boosting...
Policymakers ramp up support as coronavirus fears shred markets
Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly...
Canada’s Trudeau to be in isolation after wife tests positive for coronavirus
Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak...
China’s coronavirus epicenter of Wuhan sees single-digit new cases for second day
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has...
Brent crude set for worst week since 1991 as oil falls a third day
Oil fell a third day as the horror show for crude investors continued on Friday amid panic about evaporating demand from the coronavirus pandemic, with...
Dollar wins out as pandemic drives rush for liquid assets
The dollar stood tall on Friday as investors scrambled for the world’s most liquid currency amid deepening panic about the coronavirus while the euro nursed...
Travel industry under siege as coronavirus contagion grows
The fallout from the coronavirus spread across the Pacific on Friday, with travel companies in Australia and New Zealand issuing profit warnings as U.S. airlines...
Oil falls a third day, Brent crude set for worst week since 1991
Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and U.S. crude heading for...