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Updated: 4 years 27 weeks ago
Oil jumps 5% after rout on stimulus hopes, slowing virus in China
Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus.
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Market flop: Cineworld deal exposes stress in Europe's credit market
The move by banks to force Cineworld's top shareholder to refinance a loan without equity collateral is yet another sign of mounting stress in Europe's junk debt market as the coronavirus roils markets and businesses around the world.
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Factbox: Airlines suspend flights due to coronavirus outbreak
Airlines across the globe have suspended flights or modified services in response to the coronavirus outbreak.
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Asian shares emerge from rout as stimulus hopes calm panic
Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak.
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IKEA to sell through third party for first time on Tmall in China
IKEA on Tuesday started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third party in its 77-year history.
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Oil bounces 8% on stimulus hopes, virus slowdown in China
Oil prices bounced 8% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China.
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Qantas cuts international capacity, delays A350 order as coronavirus bites
Qantas Airways Ltd will cut its international capacity by nearly 25% over the next six months and delay an order for Airbus A350 planes as part of sweeping changes in response to a coronavirus-led plunge in passenger demand.
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Exclusive: Blackstone in talks to take developer SOHO China private in $4 billion deal - sources
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high.
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U.S. airlines expand waivers for changing tickets through April
The largest U.S. airlines are allowing passengers to rebook tickets through April 30 without paying fees to change flights citing uncertainty about traveling during the coronavirus outbreak.
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Oil prices bounce 7% after rout on stimulus hopes
Oil prices bounced back 7% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war between top producers Saudi Arabia and Russia.
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Asia shares bounce as stimulus hopes stem rout, for now
Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.
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Indonesia readying measures to stabilize financial markets - finance minister
Indonesia Finance Minister Sri Mulyani Indrawati said on Tuesday that authorities are prepared to use all measures they implemented during the 2008 global financial crisis to stabilize financial markets.
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Oil prices rebound 6% after rout, but outlook volatile
Oil prices bounced around 6% on Tuesday, but analysts saw little chance of a major recovery from the biggest daily rout in nearly 30 years after top producers Saudi Arabia and Russia launched a price war.
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IKEA tests selling through third party for the first time, on Tmall in China
IKEA on Tuesday started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third party in its 77-year history.
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Barclays cuts 2020 oil price outlook on price war, virus impact
Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand.
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Samsung Display asks Vietnam not to quarantine 700 engineers from virus-hit South Korea
Samsung Display, a supplier for Samsung Electronics and Apple, has asked Vietnam to exempt 700 engineers from coronavirus-hit South Korea from a mandatory quarantine, saying they need to prepare for the production of screens for new smartphones.
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Boeing shares plunge on coronavirus, 737 MAX wiring bundle setback
Shares of Boeing Co dropped more than 12% on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing's argument about the safety of wiring bundles on the grounded 737 MAX jet.
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Asia shares try to stabilise, pin hopes on policy stimulus
Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.
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Ackman's Pershing Square gains nearly 3% in early 2020, warns of volatility
William Ackman's publicly traded hedge fund gained nearly 3% this year, though the billionaire investor warned of volatility ahead as world markets reel under the economic hit from the coronavirus epidemic.
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Oil prices jump 6% after biggest one-day fall since 1991
Oil prices jumped more than 6% on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russia that sparked the biggest daily rout since the 1991 Gulf War will not be sustained.
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