Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.
Japan will boost its special financing for small and mid-size firms hit by the coronavirus to 1.6 trillion yen ($15.6 billion), according to a government document seen by Reuters on Monday.
Tesco plans to return $6.6 billion to shareholders after it agreed to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of a plan to refocus on Britain.
Readers hoping to buy The Williams Companies, Inc. (NYSE:WMB) for its dividend will need to make their move shortly… …read more […]
(Bloomberg) — Volatility traders haven’t been this spooked since the financial crisis, according to a key gauge of fear on Wall Street.As the oil-price plunge frazzled traders on edge over the coronavirus, the generic front-month futures contract for the CBOE Volatility Index surged as high as 51.3 on Monday morning in London. That’s the highest level since 2009.A jump of more than 10 points from Friday would be the biggest single-day move for the contract since Feb. 5, 2018. On that day, one of the most violent jumps ever in implied volatility helped spur a stock rout and the death …read more […]
Goldman Sachs warns the coronavirus outbreak could easily trigger a U.S. recession. …read more […]
China’s business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country’s broader economic resumption.
Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for all such devices.
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War after Saudi Arabia signalled it would hike output to win market share when the coronavirus has already left the market oversupplied.
Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for all such devices. China placed curbs on travel and asked residents to avoid public places in late January, just ahead of the Lunar New Year festival, a major gift-giving holiday. In total, mobile phone brands shipped a total of 6.34 million devices in February, down 54.7% from 14 million in the same month last year, data from the China Academy of Information and Communications Technology showed (CAICT). …read more […]
Correvio Pharma Corp.’s (TSE:CORV): Correvio Pharma Corp., a specialty pharmaceutical company, engages in developing… …read more […]
Top news and what to watch in the markets on Monday, March 9, 2020. …read more […]
Older adults and travelers with underlying health issues should avoid crowded places and non-essential travel, especially cruises, the State Department warns. …read more […]
U.S. 10-year Treasury yields slid to new record lows on Monday and were set for their biggest one-day fall in almost a decade, as coronavirus panic gripped world markets and stoked fears that the world economy is headed for a recession. The U.S. 10-year Treasury yield fell to as low as 0.318%. It was last down 22 basis points on the day and set for its biggest daily fall since 2011 – when a sovereign debt crisis ragged across the euro zone. …read more […]
Former First Lady Barbara Bush was famous handing out sound advice. In this episode of ‘Yahoo Finance Presents’, daughter Doro Bush Koch and Jean Becker, longtime chief of staff to President George H.W. Bush, sit down with Sibile Marcellus to share some of Barbara Bush’s best insights, gathered in the new book ‘Pearls of Wisdom’. …read more […]
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