Cathay could fly freight-only services on passenger jets after Japan curbs
Hong Kong’s Cathay Pacific Airways Ltd may fly only freight to Japan, and no passengers, if it retains some services whose cancellation it announced at the weekend over travel curbs prompted by a coronavirus, the airline said on Monday.
World stocks toppled by coronavirus shock, oil price crash
Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia.
Goldman cuts Brent forecasts to $30 on price war, virus impact
Goldman Sachs cut its second- and third-quarter Brent price forecasts to $30 per barrel, citing the oil price war between Russia and Saudi Arabia and a significant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally.
CME Group says U.S. stock futures hit down limit, continue to trade
Futures contracts on the U.S. stock market had hit their 5% overnight down limit but trading in the instruments continued, the CME Group said on Monday.
Airport passenger traffic in Asia-Pacific set to plunge 24% in first quarter – industry group
Airport passenger traffic in the Asia-Pacific region is expected to take a 24% hit in the first quarter from the coronavirus, leading to a $3 billion decline in airport revenue and placing pressure on growth projects, an industry group said on Monday.
U.S. stock futures sink by 5% down limit after crude rout
U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets.
Factbox: Automakers’ sales sink in China due to coronavirus epidemic
Vehicle sales in China, the world’s biggest car market, tumbled in February as customers stayed at home and away from dealerships due to the coronavirus epidemic that has killed more than 3,100 people in the world’s second-biggest economy.
World shares trampled in coronavirus panic, oil prices plunge
Global share markets tumbled 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.
Analyst View: Oil price plunge, coronavirus fears unleash market chaos
Financial markets have been thrown into turmoil following Saudi Arabia’s response to the collapse of OPEC+ talks and concerns about the global spread of the coronavirus.
Gold jumps past $1,700 level for first time in seven years on virus fears
Gold prices jumped past the $1,700 per ounce level for the first time since late 2012 on Monday, as a widening coronavirus outbreak and a plunge in crude oil hammered equities and sent investors scurrying for safe havens.
