Asian shares set to tumble, oil prices crash
Asian share markets were set for a beating on Monday as investors fled to bonds to hedge the economic shock of the coronavirus, and oil...
Oil futures fall over 20% after Saudi Arabia slashes selling prices
Oil futures dropped more than 20% on Sunday to their lowest since 2016 after Saudi Arabia slashed its official selling price (OSP), signaling the start...
U.S. stock futures tumble at open on coronavirus contagion fears
The price of futures contracts for the S&P 500 index fell more than 4% on Sunday as trading for U.S. equity markets resumed, a sign...
PIMCO sees mild recession due to virus but tight credit poses risk
Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively...
Wall Street coronavirus contingency plans – the state of play
As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have...
Investor fears rise over recession, bear market as coronavirus spreads in U.S.
The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global...
Brazil, U.S. sign agreement to develop defense technology
Brazilian and U.S. governments signed on Sunday an agreement for development of defense projects that may give the South American country access to financing....
IKEA reopens nine more stores in China
IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a company spokeswoman said....
Saudi Aramco trades below IPO price for first time
Shares of Saudi Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after...
Maldives confirms first two coronavirus cases; two resort islands locked down
The Maldives has curbed movement on several resort islands, authorities said on Sunday, after the country reported its first two cases of coronavirus....