China’s coronavirus epicenter of Wuhan sees single-digit new cases for second day
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Brent crude set for worst week since 1991 as oil falls a third day
Oil fell a third day as the horror show for crude investors continued on Friday amid panic about evaporating demand from the coronavirus pandemic, with Brent set for its biggest weekly loss since 1991 and U.S. crude heading for its worst week since 200…
Factbox: Latest on the spread of coronavirus around the world
Global markets suffered record falls on Thursday as alarm over the coronavirus intensified and governments from Ireland to Italy unveiled measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide.
South Korea reports more recoveries than coronavirus cases for the first time
South Korea reported more recoveries from the coronavirus than new infections on Friday for the first time since its outbreak emerged in January, as a downward trend in daily cases raised hopes that Asia’s biggest epidemic outside China may be slowing….
Stocks crash as pandemic panic sweeps markets
Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide.
Travel industry under siege as coronavirus contagion grows
The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of new travel restriction…
Policymakers ramp up support as coronavirus shreds markets
Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly crashes since the 2008 financial crisis.
Dollar wins out as pandemic drives rush for liquid assets
The dollar stood tall on Friday as investors scrambled for the world’s most liquid currency amid deepening panic about the coronavirus while the euro nursed losses after the European Central Bank disappointed by not cutting rates.
Oil falls a third day, Brent crude set for worst week since 1991
Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and U.S. crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips the market.
World markets plunge deepens as virus panic worsens
Asia’s stock markets crashed on Friday as panic gripping world financial markets deepened, and even haven assets such as gold and bonds were ditched to cover losses in the wipeout.
