Futures tank as virus fears spur flight to safety
U.S. stock index futures dropped sharply on Friday as compounding fears about the economic damage from the coronavirus epidemic drove investors to perceived safe havens such as bonds and gold.
World stocks succumb to virus fears, Treasury yields hit record lows
Global stock markets tumbled and government bonds rallied on Friday as disruptions to business from the spreading coronavirus epidemic worsened, stoking fears of a prolonged economic slowdown.
Starbucks stops customers using own cups in bid to contain coronavirus
Starbucks Corp has stopped accepting reusable cups and thermos flasks from customers in Europe, the Middle East and Africa to prevent the spread of coronavirus, though it will still honour the promised discount for anyone carrying one.
Oil slides by 4% after Russia rejects steeper OPEC+ cut
Oil prices fell 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices.
Wall St. to open sharply lower as virus fears shut down California (March 5)
(This March 5 story corrects Reuters instrument code for 10-year U.S. Treasury in paragraph 14 to “US10YT=RR”, from “US10YR=RR”)
Nissan pushes on with new vehicle plan at UK factory despite Brexit warning
Nissan is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site.
Oil dives more than 4% after Russia rejects steeper OPEC+ cut
Oil prices slid more than 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices.
Tesla wins approval to sell longer-range China-made Model 3 vehicles
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday.
OPEC oil cut deal in trouble as Russia still not on board
Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a plan by OPEC ministers for deeper reductions to cope with the coronavirus outbreak.
Wall Street to open sharply lower as virus fears shut down California
((This March 5 story has been refiled to corrects Reuters instrument code for 10-year U.S. Treasury in the 14th paragraph to “US10YT=RR”, from “US10YR=RR”))
