Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown. U.S. stocks, gold, Treasuries and the dollar have all surged in 2020, a climb that has taken place alongside persistent concerns over the outbreak's economic fallout.
Cargill Inc will launch plant-based hamburger patties and ground "fake meat" products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants.
Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors to the safety of gold, dollars and the Swiss franc.
Australia's prudential regulator said on Monday it was looking to better understand the financial risks of climate change and would begin undertaking deeper assessments of the industry's vulnerabilities in an effort to improve resilience.
Singapore's core inflation gauge in January hit its lowest level in four years, data on Monday showed, due to lower services and retail prices that authorities said would persist as the coronavirus outbreak dimmed the country's economic outlook.
The Turkish lira weakened on Monday as investor unease about the conflict in neighbouring Syria was amplified by a global flight to safe havens due to the spread of the coronavirus outside China.
(RTTNews) - Indian shares tumbled in early trade on Monday, mirroring weak cues from other global markets as investors were spooked by the spread of coronavirus inside and outside of China.
HONG KONG (Reuters Breakingviews) - Weak Chinese consumption may outlast the coronavirus. A slowdown in new Covid-19 cases outside Hubei province, where the outbreak is thought to have originated, is feeding investor optimism. Signs of stress, though, hint at a slower re
Indonesia's central bank has intervened in the spot currency, domestic non-deliverable forward (DNDF) and bond markets amid outflows related to fears of the spread of COVID-19 in South Korea, an official told Reuters on Monday.
Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens.
U.S. President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade.
China's energy futures tumbled over 4% to trade at more than one-week lows in early deals on Monday, as a jump in coronavirus cases and deaths outside China raised fears about the outlook for global growth and oil demand.
(RTTNews) - Asian stock markets, led by South Korea, are in negative territory on Monday while safe-haven gold rose amid worries about a surge in the number of new coronavirus cases reported outside China and its impact on the global economy.
Indonesia's central bank has intervened in the spot currency, domestic nondeliverable forward and bond markets amid outflows related to fears of the spread of COVID-19 in South Korea, an official told Reuters on Monday.
(RTTNews) - Indian shares may open sharply lower on Monday as investors monitor the latest developments related to the novel coronavirus outbreak and keep an eye on U.S. President Donald Trump's two-day visit to India. The upcoming expiry of February series derivative contracts
PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said.
Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the South American country's meat export chamber told Reuters.
Teck Resources Ltd has withdrawn the application for its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, the company said on Sunday, days before the federal government was to decide on whether to approve the controversial project.
U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.