Coronavirus shock, oil price plunge pummel world stocks
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanes…
Dow slumps 2,000 points after oil shock
Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Trump blames oil fight, ‘Fake News’ for stock market drop
U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake News,” for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude due to the coronavirus.
Russia vs Saudi: How much pain can they take in oil price war?
Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It’s a battle of nerves – so who will blink first?
Oil prices plunge, hit by erupting Saudi-Russia oil price war
Oil prices suffered their biggest daily rout since the 1991 Gulf War on Monday as top producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply.A 20% slump in oil prices triggered another day of heav…
Coronavirus to drive European airline industry shakeout
The coronavirus will accelerate a Darwinian shakeout in Europe’s overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Ryanair cuts more Italian flights to April 8 over coronavirus
Ryanair on Monday said it would make further cuts to domestic and international flights to and from Italy until April 8 after the Italian government imposed travel restrictions in the north of the country to limit the spread of the coronavirus.
Airline SAS cancels 8% of scheduled March flights: NRK
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Exclusive: Goldman turns to veteran Daffey to navigate post-Brexit markets
Goldman Sachs named top trader Michael Daffey as global markets chairman on Monday, with a remit to strengthen key client relationships as the Wall Street giant tries to remodel its trading business in Europe after Brexit.
Instant View: Wall Street plunges after oil shock, trading halts then resumes
U.S. equities plunged on Monday as trading resumed following a slump in oil prices.
