Dashboard of Japanese stocks with a stake in Olympics’ success
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.
Oil collapses after Saudi Arabia fires opening salvo in price war
Losing more than a quarter of their value, oil prices were set for their biggest one-day decline in 29 years on Monday, after Saudi Arabia ignited a price war in a market already reeling from the impact of the coronavirus on global demand.
Saudi Aramco shares open 10% lower as oil price crash
Shares in Saudi Aramco plunged 10% in opening trade on Monday, following a sharp drop in oil prices after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month.
Amazon launches business selling automated checkout to retailers
Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.
Airlines suspend flights due to coronavirus outbreak
Airlines across the globe have suspended flights or modified services in response to the coronavirus outbreak.
World stocks sink on coronavirus shock, oil price crash
Global share markets plunged on Monday as panicked investors fled to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia.
India’s embattled Yes Bank debt writedown to hit sector capital-raising
The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts said.
Oil crashes after Saudi Arabia starts price war amid slumping demand
Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month, starting a price war even as spread of the coronavirus erodes global demand growth.
Australia sues Facebook, alleges breach of user data
The Australian privacy regulator filed a lawsuit against Facebook Inc , accusing the social media giant of sharing the personal details of more than 300,000 people with political consultant Cambridge Analytica without their knowledge.
Exclusive: U.S., Canada, European nations meet to discuss concern over Mexico energy policy
The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico’s energy policy, sources told Reuters, as President Andres Manuel Lopez Obrador pushes for a bigger role for the state in the sector.
