Muted oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb to restore market balance, industry watchers said, with the coronavirus pandemic decimating demand just as stocks swell.
Freeport-McMoRan Inc said on Sunday it has suspended operations at its Chino copper mine in New Mexico indefinitely because of the spread of COVID-19, the respiratory disease caused by the new coronavirus, among the site's workers.
Freeport-McMoRan Inc, the world's largest publicly traded copper producer, said on Sunday it has suspended operations at its Chino mine in New Mexico due to the spread of COVID-19, the respiratory disease caused by the new coronavirus.
China's northeast Heilongjiang province which borders Russia has become the new battleground against the coronavirus as authorities reported the highest number of new daily cases in nearly six weeks, driven by infected travellers from overseas.
(RTTNews) - Asian stock markets are mostly lower on Monday in the absence of fresh cues from Wall Street and European markets, which were closed for the Good Friday holiday, and amid worries about the impact of the coronavirus pandemic on the global economy.
Gold edged down on Monday as investors booked profits after prices hit a one-month high last week, while worries over a coronavirus-driven steeper global economic downturn and the U.S. Federal Reserve's stimulus measures limited bullion's losses.
Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil producing nations failed to offset broader concerns about slumping global demand.
Japan skipper Michael Leitch says their fairytale run to last year's Rugby World Cup quarter-finals has lessons far beyond the game that the whole nation would do well to embrace.
Global shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic although a landmark deal by OPEC and its allies to slash output helped oil prices climbed in volatile trade.
The agreement to cut global crude oil output, reached amid high drama over the Easter weekend, appears effectively to be in two parts. A short-term agreement that's probably not enough, and a longer-term plan that has a much better chance of success.
Round-up of South Korean financial markets: ** South Korean shares fell on Monday, as an agreement by OPEC and its allies on a record cut in oil production failed to pacify investors amid mounting fears of the coronavirus crisis. The Korean won weakened, while the benchmark bond yield rose.
Last month, six Chinese medical professionals stepped off an Air Serbia jet in Belgrade to a red-carpet welcome from President Aleksandar Vucic and an array of cabinet ministers. After elbow-bump greetings, Vucic kissed Serbia's flag, then China's.
El Salvador's congress on Sunday extended a national emergency law that allows the government to prolong certain health measures aimed at curbing the spread of the novel coronavirus in the Central American country.
The following table shows rates for Asian currencies against the dollar at 0151 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 108.120 108.46 +0.31 Sing dlr 1.416 1.4132 -0.23 Taiwan dlr 30.093 30.103 +0.03 Korean won 1219.600 1208.8 -0.89 Baht 32.760 32.66 -0.31 Peso 50.570 50.43 -0.28 Rupiah 15,800 15,800 0.00 Rupee 76.285 76.29 0.00 Ringgit 4.317 4.305 -0.28 Yuan 7.044 7.0375 -0.09
(RTTNews) - Ahead of the Good Friday holiday, the Indonesia stock market had snapped the two-day slide in which it had stumbled more than 180 points or 3.8 percent. The Jakarta Composite Index now rests just beneath the 4,650-point plateau and it may extend its gains on Monday.
International Table Tennis Federation (ITTF) chief Steve Dainton has suggested the sport's annual individual world championships be scrapped, with champions instead decided by the winners of the new "Grand Smash" mega tournaments.
(RTTNews) - The Japanese stock market is declining and the safe-haven yen strengthened on Monday in the absence of fresh cues from Wall Street and European markets, which were closed for the Good Friday holiday, and amid worries about the economic impact of the coronavirus pande
China reported the highest number of new daily coronavirus cases in nearly six weeks, driven by a rise in infected travellers arriving from overseas and underscoring challenges Beijing faces in preventing a second wave of COVID-19.
Gold prices were little changed on Monday but held near a one-month high scaled last week as mounting worries about the global economic outlook due to the novel coronavirus outbreak, and the U.S. Federal Reserve's stimulus measures kept bullion elevated.
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