Wall Street jumps at the open on stimulus hopes

03/10/2020

(Reuters) – U.S. stock indexes opened more than 2% higher on Tuesday as hopes of coordinated policy easing to avert a global recession calmed investor nerves a day after the biggest market rout since the financial crisis. The Dow Jones Industrial Average .DJI rose 601.98 […]

Norwegian to cancel 3,000 flights worldwide due to coronavirus

03/10/2020

Norwegian has announced plans to cancel 3,000 flights between mid-March and mid-June due to the fast-spreading coronavirus. The airline said it will cancel 15% of scheduled flights over this period as a result of the ongoing COVID-19 situation. The company has also put several other […]

Stock markets and oil markets bounce after brutal flooring

03/10/2020

LONDON (Reuters) – Oil and equity markets staged solid rebounds on Tuesday after the previous day’s pummelling, with signs of co-ordinated action by the world’s biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Most benchmark government bond […]

Asia shares try to stabilise, pin hopes on policy stimulus

03/10/2020

SYDNEY (Reuters) – 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. Yields on benchmark U.S. 10-year Treasury debt doubled to 0.68% and oil prices rallied more than […]

Oil prices rise 4% after biggest one-day fall since 1991

03/10/2020

SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the […]

Wall Street clobbered as crude plummets, virus crisis deepens

03/09/2020

NEW YORK (Reuters) – Wall Street suffered its biggest one-day loss since the 2008 financial crisis on Monday and recession worries loomed large as tumbling oil prices and ongoing coronavirus fears prompted investor panic on the anniversary of the U.S. stock market’s longest-ever bull run. […]

Orders sink for Italy's luxury suppliers as virus spreads – sources

03/09/2020

FLORENCE/VENICE/MILAN, March 9 (Reuters) – By Silvia Ognibene, Riccardo Bastianello, Silvia Aloisi Global luxury brands including Gucci and Louis Vuitton are scaling back orders with Italian suppliers, as the spread of the coronavirus from key market China to major manufacturing hub Italy hits business across […]