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Coronavirus infects 100,000-plus worldwide, 21 cases found on ship off San Francisco
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.
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China Stocks Are Handily Beating U.S. Since Coronavirus Outbreak. Here’s Why
(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 […]
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China reports almost all new infections outside Wuhan originated abroad
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.
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South Korea confirms 174 new coronavirus cases, total to 6,767
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.
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Wall Street Week Ahead: Investors look for buys as virus fears crush travel stocks
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.
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Saudi Arabia limits arrivals from UAE, Kuwait, Bahrain to airports over coronavirus: SPA
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.
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Mainland China reports 99 new confirmed cases of coronavirus on March 6
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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Exclusive: U.S. discussing non-renewal of Chevron’s Venezuela waiver, moves to cut oil trade – sources
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s license to do business with state-run company PDVSA, sources familiar with the matter said.
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Kuwait suspends flights to and from seven countries over coronavirus: tweet
Kuwait suspended on Saturday all flights to and from Egypt, Lebanon, Syria, Bangladesh, Philippines, India, and Sri-Lanka for a week starting on Saturday, Kuwait’s civil aviation directorate said in a tweet.
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Bank of America starts asking clients for coronavirus contingency plans
Bank of America Corp is asking clients about their coronavirus exposure and preparations as part of its evaluation process of which deals to underwrite, according to sources.
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Oil takes biggest daily dive in over a decade as Russia, OPEC split
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC’s proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.