Australian economy headed for first recession since 1991: Bloomberg Economics

03/09/2020

SYDNEY (BLOOMBERG) – Australia’s economy will record its first recession since 1991 as the hit from the coronavirus-induced slowdown is amplified by slumping confidence and domestic disruptions from the outbreak intensifying Down Under, according to Bloomberg Economics’s James McIntyre. Gross domestic product will fall 0.4 […]

U.S. stock futures sink by 5% down limit after crude rout

03/09/2020

(Reuters) – U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets. Saudi Arabia’s plans to hike crude […]

World shares trampled in coronavirus panic, oil prices plunge

03/09/2020

SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked 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. Investors drove 30-year U.S. bond yields beneath 1% […]

PRESS DIGEST- British Business – March 9

03/09/2020

March 9 – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Port of Dover has sounded the alarm over Prime Minister Boris Johnson’s levelling-up agenda, […]