Articles by admin

(Bloomberg Opinion) — In a war of attrition, the winner isn’t the force with overwhelming power, but the one with the greatest capacity to sustain damage. The current price war in the oil market is little different. Brent crude fell the most since the 1991 Gulf War Monday, dropping 31% in a matter of seconds, after Friday’s OPEC+ meeting broke up in disarray and Saudi Arabia slashed its crude prices and promised a surge in output.That decision to open the spigots may seem contradictory from a country that just days ago was trying to coax Russia to join a 1.5 …read more […]

Asian shares sank in a sea of red on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20% after Saudi Arabia slashed its official selling price. The world’s top oil exporter plans to raise its production significantly after the collapse of OPEC’s supply cut agreement with Russia, a grab for market share reminiscent of a drive in 2014 that slashed prices by about two thirds. “Today’s price action puts at risk the fiscal health of the vast majority of sovereign producers and budget cuts and increased …read more […]

Mar.08 — Lan Shen, economist at Standard Chartered, talks about China’s economy and policies. China’s exports fell more than expected in the first two months of this year as the coronavirus outbreak led to extended holidays, depressed factory output, and blocked transport and movement across the country. Shen speaks with Haidi Stroud-Watts on “Bloomberg Markets.” …read more […]

Mar.08 — Sayuri Shirai, professor of economics at Keio University, discusses Japan’s fourth-quarter GDP and her outlook for the economy. She speaks on “Bloomberg Markets: Asia.” …read more […]

Mar.08 — Margy Osmond, chief executive officer at Tourism & Transport Forum, discusses how the coronavirus has impacted Australian tourism and her outlook for the sector. She speaks on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — The coronavirus has spread to about half of the world’s countries, with infections in Italy eclipsing those in South Korea.Asian equities plunged with U.S. stock index futures and 10-year Treasury yields tumbled as investors kicked off the week with an extreme bout of risk aversion.Global fatalities from the coronavirus reached 3,800 as China reported 22 new deaths, while total cases surpassed 108,000.In the U.S., the State Department warned U.S. travelers with health problems should avoid cruise ships. New York City wants residents to walk or bicycle to work to avoid crowded rush-hour subways.Key Developments:Cases surpass 108,000 worldwide; deaths …read more […]

Mar.08 — More than half the world’s countries have reported infections as global cases top 108,000 and additional travel restrictions are implemented around the world. Deaths in Italy have surged to 366. That’s the most recorded for a single country outside of China. Bloomberg’s Yvonne Man reports on “Bloomberg Markets: Asia.” …read more […]

U.S. stock futures tumbled Sunday following a sharp drop in oil prices, as Wall Street grapples with economic disruptions from the virus outbreak. …read more […]