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Updated: 4 years 27 weeks ago
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.
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Oil plunges about 30% after Saudi Arabia slashes prices, opens taps
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.
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Boeing proposal to avoid MAX wiring shift does not win U.S. support
Boeing Co's proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters.
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Citigroup splits Buffalo, NY, trading staff as coronavirus precaution
NEW YORK - Citigroup Inc is splitting its staff in Buffalo, New York, to ensure it can keep its operations humming as the coronavirus spreads across the state, according to a source familiar with the plans.
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U.S. stock futures tumble 4% on coronavirus fears in pre-market trade
The price of futures contracts for the S&P 500 index, a Wall Street benchmark, fell more than 4% on Sunday as off-hours trading for U.S. equity markets resumed, a sign that investors fear the toll from the fast-spreading coronavirus will deepen.
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Oil plunges over 20% after Saudi Arabia slashes prices on OPEC deal collapse
Oil futures suffered their biggest daily loss since 1991 on Sunday after Saudi Arabia slashed its official selling price (OSP) and announced plans to raise crude production significantly, signaling the start of a price war.
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Asian shares set to tumble, oil prices crash
Asian share markets were set for a beating on Monday as 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.
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U.S. stock futures tumble at open on coronavirus contagion fears
The price of futures contracts for the S&P 500 index fell more than 4% on Sunday as trading for U.S. equity markets resumed, a sign that investors fear the toll from the fast-spreading coronavirus will deepen.
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PIMCO sees mild recession due to virus but tight credit poses risk
Pacific Investment Management Co (PIMCO), one of the world's largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively mild and short recession though tight credit markets could worsen the downturn.
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Wall Street coronavirus contingency plans - the state of play
As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play:
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Brazil, U.S. sign agreement to develop defense technology
Brazilian and U.S. governments signed on Sunday an agreement for development of defense projects that may give the South American country access to financing.
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IKEA reopens nine more stores in China
IKEA, the world's biggest furniture brand, is reopening nine of its stores in China this weekend, a company spokeswoman said.
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Aramco trades below IPO price for first time, after OPEC pact unravels
Shares of Saudi state oil company Aramco slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC's pact with Russia to restrict oil supplies fell apart on Friday.
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Saudi Aramco trades below IPO price for first time
Shares of Saudi Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.
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Maldives confirms first two coronavirus cases; two resort islands locked down
The Maldives has curbed movement on several resort islands, authorities said on Sunday, after the country reported its first two cases of coronavirus.
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Trump: No promises regarding steel and aluminum tariffs on Brazil
President Donald Trump praised the United States' relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined to say whether he would impose steel and aluminum tariffs on the South American country.
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Italy poised to lock down Lombardy after coronavirus jump
Italy is set to impose a virtual lockdown on its wealthiest and most populous region, which includes the financial capital Milan, as part of tough new measures to try to contain the coronavirus outbreak.
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Italy set to lock down Lombardy after coronavirus jump
Italy is set to lock down its wealthiest and most populous region, which includes the financial capital Milan, as part of tough new measures expected to be approved on Saturday to try to contain the coronavirus outbreak.
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U.S. judge says Amazon likely to succeed on key argument in contract challenge
A U.S. judge said Amazon.com Inc is likely to succeed on a key argument of its challenge to the U.S. Department of Defense's decision to award cloud computing deal worth up to $10 billion to Microsoft Corp.
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Number of UK coronavirus cases rises by 46 to 209
The number of confirmed coronavirus cases in the United Kingdom has risen to 209, up from 163, health officials said on Saturday.
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