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, […]

Guyana court halts release of election results amid fraud accusations

03/08/2020

GEORGETOWN (Reuters) – Guyana’s top court on Sunday upheld an injunction blocking the elections commission from proclaiming a winner in this month’s presidential election, delaying the results of a vote that has been marred by accusations of fraud. A protester was killed and demonstrators took […]

Wall Street coronavirus contingency plans – the state of play

03/08/2020

(Reuters) – As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play: […]