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Updated: 2 hours 28 min ago

Graphic: Three months that shook global markets

Sun, 03/29/2020 - 22:03
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.

Bracing for the worst from U.S. earnings in a pandemic

Sun, 03/29/2020 - 21:45
Investors are desperate for clarity on U.S. corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April.

Relief Therapeutics, NeuroRx get FDA nod to start coronavirus trial

Sun, 03/29/2020 - 20:41
The U.S. Food & Drug Administration has authorised the start of a mid-stage trial by U.S.-Israeli NeuroRx and Relief Therapeutics for the use of Aviptadil to treat Acute Respiratory Distress in coronavirus patients.

IndiaNivesh shuts portfolio management business, citing coronavirus

Sun, 03/29/2020 - 20:40
IndiaNivesh Investment Managers has decided to wind up its portfolio management business due to fallout from the coronavirus, becoming one of the first casualties of the current market meltdown in India.

World’s largest glove maker sees shortage as coronavirus fight spikes

Sun, 03/29/2020 - 20:35
Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity.

Coronavirus crisis puts EU credibility on the line, says France

Sun, 03/29/2020 - 18:41
How the European Union responds to the coronavirus outbreak will determine its future credibility, a French minister said on Sunday, after the bloc failed to agree last week on measures to cushion the economic blow.

Governments, central banks must boost efforts to help economies cope with crisis - BIS chief

Sun, 03/29/2020 - 18:21
Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.

Britain orders 10,000 ventilators in fight against coronavirus -source

Sun, 03/29/2020 - 17:39
Britain has placed an order for 10,000 ventilators to be made by a consortium of companies including Ford , Airbus and Rolls-Royce as part of efforts to fight the coronavirus, an industry source told Reuters.

Worry, problems and strife: Investors fear markets not out of woods despite big rally

Sun, 03/29/2020 - 17:07
After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.

Exclusive: Qatar Airways says it will need state support as cash runs out

Sun, 03/29/2020 - 15:30
Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.

Bouygues Telecom backs down on partial unemployment plans, says union

Sun, 03/29/2020 - 14:42
Bouygues Telecom has reversed a decision to put more than 800 of its client advisers into partial unemployment, allowing the employees instead to work from home during the coronavirus outbreak, the CFDT trade union said.

German health institute warns pandemic could overstretch system -paper

Sun, 03/29/2020 - 14:39
Germany's health system could face strains similar to those in Italy if the coronavirus outbreak in the country worsens, the head of the Robert Koch Institute (RKI), the federal agency responsible for disease control, told a newspaper.

Novartis CEO says Malaria drug is biggest hope against coronavirus - SonntagsZeitung

Sun, 03/29/2020 - 12:57
Novartis Chief Executive Vas Narasimhan said his Sandoz generics unit's malaria, lupus and arthritis drug hydroxychloroquine is the company's biggest hope against the coronavirus, Swiss newspaper SonntagsZeitung reported on Sunday.

Saudi Arabia assures India of uninterrupted LPG supply: Dharmendra Pradhan

Sun, 03/29/2020 - 12:55
India's oil minister said on Sunday that he had discussed global oil market developments with Saudi Energy Minister Prince Abdulaziz bin Salman and Aramco's Chief Executive Amin Nasser as well as uninterrupted LPG supplies to India.

Detroit auto show canceled due to coronavirus

Sun, 03/29/2020 - 08:19
Organizers canceled the Detroit auto show on Saturday citing the coronavirus pandemic, with the Federal Emergency Management Agency set to tap the convention center venue into a temporary field hospital.

Japan's economy minister says Olympic postponement to push back trillions of yen in demand

Sun, 03/29/2020 - 07:25
The government's stimulus package will take into account the fact that the postponement of the Tokyo Olympic Games will push back several trillions of yen worth of demand until next year, Japan's economy minister Yasutoshi Nishimura said on Sunday.

Rosneft's Venezuelan oil loads cancelled due to sanctions, tankers leave empty - data

Sun, 03/29/2020 - 07:19
Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on Saturday after the cargoes were cancelled due to sanctions, according to Refinitiv Eikon data and a document from Venezuelan state-run oil firm PDVSA.

Rosneft sells Venezuelan assets to Russia after U.S. sanctions ramp up

Sun, 03/29/2020 - 07:19
Russia's largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and sold the assets linked to its operations in the South American nation to an unnamed company owned by the Russian government.

Abbott wins U.S. approval for test that can detect coronavirus in minutes

Sat, 03/28/2020 - 22:49
Abbott Laboratories said on Friday it won U.S. marketing approval for a diagnostic test for the coronavirus that can deliver results to patients within minutes and be used in physicians offices and urgent care clinics, as well as hospitals.

UK to help stricken businesses by easing regulation

Sat, 03/28/2020 - 22:15
Britain will ease the regulations for stricken businesses to help them survive the coronavirus crisis, including simplifying the insolvency system to keep companies trading, Business Secretary Alok Sharma said on Saturday.

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