South Korea's Moon sees 'stable phase' near in coronavirus fight

03/09/2020

SEOUL (Reuters) – South Korea’s President Moon Jae-in expressed guarded hope for the country’s fight against the coronavirus on Monday, saying an ongoing downward trend in new infections could lead to a phase of stability. But he warned against prematurely calling the peak of the […]

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 […]