[ad_1] BENGALURU (Reuters) – Indian stocks on Monday slumped to their lowest in nearly 17 months, tracking global markets, as panic over the economic fallout of the coronavirus outbreak intensified and oil prices plummeted 30%.
Business picks up pace in China, but global virus spread may slow recovery
[ad_1] BEIJING/SINGAPORE (Reuters) – China’s business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country’s broader economic resumption. Commuters
Shanghai Disneyland resumes some resort ops as coronavirus infections slow
[ad_1] FILE PHOTO: People visit the opening event of Disney-Pixar Toy Story Land, the seventh themed land in Shanghai Disneyland in Shanghai, China April 26, 2018. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Walt Disney Co’s
Saudi Arabia to hike oil output above 10 million barrels per day in April after OPEC+ deal collapse
[ad_1] DUBAI (Reuters) – Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply cut
Swatch Group CEO sees ‘massive’ temporary hit in China from coronavirus
[ad_1] ZURICH (Reuters) – Swiss watchmaker Swatch Group (UHR.S) is taking a “massive” hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in
India’s Yes Bank founder remanded in police custody on money-laundering charges
[ad_1] MUMBAI (Reuters) – An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (YESB.NS) in police custody until March 11 after he was arrested on money-laundering charges.
‘Crazy’ Saudi oil price cuts seen reigniting market share war with Russia
[ad_1] SINGAPORE (Reuters) – Asian oil traders are bracing for another round of hefty price falls on Monday in key benchmarks Brent and Dubai after the world’s top exporter Saudi Arabia slashed prices, reigniting a
Aramco shares fall 9%; below IPO price for first time as OPEC pact unravels
[ad_1] DUBAI (Reuters) – Shares of Saudi state oil company Aramco 2222.SE slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC’s pact
Italian stock exchange to open as usual on Monday
[ad_1] A woman in a face mask is seen in front of the Italian Stock Exchange in Milan, as the country is hit by the coronavirus outbreak. Italy, February 25, 2020. REUTERS/Flavio Lo Scalzo MILAN
Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse
[ad_1] DUBAI (Reuters) – Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply cut