South Korea’s coronavirus cases rose to 6,767 on Saturday, up by 174 from late Friday, with more than 60% of the total cases linked to a secretive church at the center of the country’s outbreak, health authorities said.
A draft interim report from Ethiopian crash investigators circulated to U.S. government agencies concludes the March 2019 crash of a Boeing Co 737 MAX was caused by the plane’s design, two people briefed on the matter said Friday.
(Bloomberg) — Saudi Aramco’s stock risks dropping below the initial public offering price on Sunday when trading resumes in Riyadh after OPEC+ talks ended in failure and oil prices collapsed.Shares in the world’s biggest oil producer have largely defied gravity since they were listed in December, not falling below the initial public offering price of 32 riyals ($8.53) even as the coronavirus led to a 30% slump in crude prices since the start of the year. Aramco’s stock has only slipped about 6% in 2020 to close at 33 riyals on Thursday, the last trading day of the week. The …read more […]
Ethiopian crash investigators have tentatively concluded that the crash of a Boeing Co 737 MAX last year was caused by the plane’s design, Bloomberg News reported on Friday, citing a draft report being circulated to participants in the probe.
Facebook said on Friday it is closing its London offices until Monday after a visiting employee from Singapore was diagnosed with coronavirus.
Twenty-one people aboard a cruise ship that was barred from docking in San Francisco have tested positive for coronavirus, U.S. officials said on Friday, adding to the more than 100,000 cases of the fast-spreading illness across the world.
(Bloomberg) — While U.S. investors are grappling with a violent sell-off as the coronavirus spreads, their Chinese counterparts at the heart of the outbreak are back to making decent money again.China’s swift and strict measures to contain the virus, optimism over fiscal and monetary stimulus, and relatively reasonable valuations are among the key reasons for the recent relative rebound, according to market participants. Perhaps more importantly, China investors have already gone through the panic stage that their U.S. counterparts are experiencing now, they said.A gauge of Chinese stocks in Shanghai and Shenzhen just posted its best week in a year …read more […]
About a quarter of China’s new confirmed cases and almost all of those outside the epidemic’s epicenter in Wuhan originated outside the country on Friday, according to official data.
South Korea on Saturday reported 174 additional coronavirus cases from late Friday, taking the national tally to 6,767, the Korea Centers for Disease and Control and Prevention (KCDC) said.
Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.
Saudi Arabia limited on Saturday land crossings with the United Arab Emirates, Kuwait, and Bahrain to commercial trucks only, with arrivals from the three countries temporarily limited to three airports as a precaution taken over the spread of the coronavirus, Saudi news agency SPA reported.
Mainland China had 99 new confirmed cases of coronavirus infections on Friday, the country’s National Health Commission said on Saturday, down from 143 cases a day earlier.
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