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NEW YORK: Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn.
PITTSBURGH: Alcoa Corp’s warning that higher costs may weigh on its earnings this quarter muted any optimism from better-than-expected results at the end of 2020.
EXECUTIVES’ pronouncements about the future have a nasty habit of coming back to bite their successors a few years down the line.
SINGAPORE: Stock bulls have taken over emerging markets (EMs), a technical indicator suggests.
VAT cut likely to reduce price pressures
TOKYO: Honda Motor Co has posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current business year as the coronavirus pandemic hits global car demand.
TOKYO: Toyota Motor Corp said it expected profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
BENGALURU: Indian shares sank more than 12% by afternoon on Monday as trading resumed after the market's second halt this month, with investors caught in a selling frenzy as the coronavirus spread disrupted businesses and sent several states into lockdown.
HONG KONG: Asian markets fluctuated on Tuesday (March 17) after Wall Street suffered its worst day in more than three decades with the Covid-19 (coronavirus) panic sweeping the planet, though European equities enjoyed an early bounce.
BEIJING/SINGAPORE/LONDON: Stock markets and oil prices went into freefall on Monday (March 16) as interest rate cuts and fresh stimulus measures by central banks failed to lift confidence, with analysts warning that the Federal Reserve may have reached the limits of its power to fend off recession as the coronavirus spreads.