Coronavirus outbreak could easily tip US into a recession: Goldman Sachs
Goldman Sachs warns the coronavirus outbreak could easily trigger a U.S. recession. …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 […]
CP Group’s $10 billion deal to buy Tesco PLC’s 2,000 Thai retail outlets marks the end of a three-way tycoon tussle – and the beginning of the first engagement for Thailand’s newly powerful antitrust watchdog.
(Bloomberg) — A war for oil market share in a world battling a deadly epidemic is proving to be a nightmare for equities. And in Asia, they’re succumbing to bear markets one by one.Shares in Japan, the Philippines, Singapore and Indonesia have plunged more than 20% from their highs, while those in Australia are nearly there and Hong Kong stocks are less than 3% away. The Lehman-like panic after Monday’s crash in oil prices added to the grim backdrop of the virus outbreak that has infected almost 110,000 people worldwide and killed more than 3,800.“No one can price risk now, …read more […]
Japanese stocks banking on the success of the Olympics this year are taking a hit as the rapid spread of coronavirus is threatening cancellation of the world’s biggest sporting tournament.
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.
Saudi Aramco shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices.
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