Europe, US Markets Slump On Virus Fears, Global Slowdown Threat Looms

Wall Street also took a beating, with major indices shedding more than four percent in what is shaping up to be the US market's worst week since the 2008 financial crisis. Agence France-Presse The Dow...

US Stocks Plunge 1,190 Points as Coronavirus Fears Force Four-Day Dive

  © AP Photo / Richard Drew-https://sputniknews.com US stocks took another dive on Thursday, closing the day more than 1,100 points in the red as massive sell-offs continue over prolonged fears of the COVID-19 coronavirus’s effects...

UBS tamps back CEO pay after French court blow, earnings miss

ZURICH (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last...

This Country Is A Safehaven In An Unstable Middle East

By Simon Watkins – Oilprice.com With a fiscal breakeven oil price of just over US$87 per barrel (pb) of Brent this year, around 85 per cent of its revenues still coming from the hydrocarbons sector,...

The Perfect Storm Sends Natural Gas Crashing

By Julianne Geiger – Oilprice.com If you’re waiting for natural gas prices to recover, you might be in for a considerable wait, as inventories are expected to hover well above their five year average for...

Oil Market Meltdown Sends Energy Stocks Crashing

By Nick Cunningham – Oilprice.com The market meltdown continued on Thursday, with stocks across the board in retreat. Oil prices were down more than 4 percent in early trading, falling to their lowest levels in...

Japan’s jobless rate rises to 2.4% in January

TOKYO -  Japan Today Japan's unemployment rate rose 0.2 percentage point from the previous month to 2.4 percent in January, worsening for the first time in four months but still at a low level amid...

Armenian government’s revenue in 2018-2019 rose by $1.06 billion

YEREVAN, February 28. /ARKA/. Armenian government's revenue in 2018-2019 rose by the equivalent of $1.06 billion, Prime Minister Nikol Pashinyan said during a government meeting on Thursday. He said in terms of Armenian drams...

Exports of Armenian goods and services in 2019 increased by 10.3, while poverty level...

YEREVAN, February 28. /ARKA/. Armenia's Prime Minister Nikol Pashinyan told a government meeting today that exports of goods and services in 2019 increased by 10.3%. More precisely, exports of Armenian brandy surged by 26.4%,...

Pandemic fears pummel stocks, push bond rally to fresh heights

Tom Westbrook SINGAPORE (Reuters) - Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears...

BP Quits Oil Lobby Groups Over Climate Policy Differences

By Tsvetana Paraskova - Oilprice BP will leave three U.S. energy trade associations, including the main refining lobby group, the American Fuel and Petrochemical Manufacturers (AFPM), due to differences over climate policies, the UK-based oil...

3 Rare Metals Every Investor Must Watch At This Critical Time

By Meredith Taylor – Oilprice.com Three of the most valuable metals in the world are so rare that they could become a factor in the difference between global technological dominance and military superiority on one...

Major Bank Sees Abysmal Demand Growth For Oil

By Nick Cunningham – Oilprice.com Oil prices could bounce around between $50 and $70 through 2025, with both demand growth and supply growth slowing, according to a new report. The media could not be loaded, either...

Oil falls for fifth day on demand concerns as coronavirus spreads

Yuka Obayashi TOKYO (Reuters) - Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a...

Vietnam bars tourists from virus-hit parts of South Korea

HANOI/NHA TRANG, Vietnam (Reuters) - Vietnam banned tourists from coronavirus-hit areas of South Korea on Wednesday, a blow to a tourism industry already reeling from a collapse in Chinese visitor numbers. The government said in...

Hong Kong flags record budget deficit as virus, protests cripple economy

HONG KONG (Reuters) - Hong Kong unveiled a record budget deficit on Wednesday, pledging cash handouts to residents and business tax breaks to soften the blow to the recession-hit economy from often-violent protests and...

China’s January auto sales fell 18.7% year-on-year, worse than forecasted

SHANGHAI (Reuters) - Auto sales in China fell 18.7% in January, more than expected and marking the industry’s 19th consecutive month of sales decline, data from the country’s biggest auto industry association showed on...

New Chinese billionaires outpace U.S. by 3 to 1: Hurun

BEIJING (Reuters) - China minted three times as many new billionaires than the United States in the past year, with fortunes made in drugs and online entertainment after a mini-boom from the coronavirus outbreak,...

Trump, Modi hope talks lead to phase one of U.S.-India trade deal: White House

(Reuters) - U.S. President Donald Trump and Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks that they hope can lead to the first phase of a bilateral U.S.-India trade...

Pandemic fears jolt stock markets, bonds rally

TOKYO (Reuters) - Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic jolted Wall Street yet again and pushed yields on safe-haven Treasuries...