NEW YORK (Reuters) - Oil prices fell more than $1 a barrel at the start of the trading session on Sunday, as more governments ordered lockdowns to curb the spread of the global coronavirus pandemic that has slashed the demand outlook for crude.
MUMBAI (Reuters) - India’s biggest automaker Maruti Suzuki India and peers including Mahindra & Mahindra, Mercedes-Benz, Fiat Chrysler Automobiles (FCA) as well as Hyundai Motor Co said they will halt car production in the country due to the coronavirus outbreak.
SYDNEY (Reuters) - Asian shares slid on Monday as more countries all but shut down in the fight against the coronavirus, threatening to overwhelm policymakers’ frantic efforts to cushion what is clear to be a deep global recession.
Fitch Ratings has slashed its short- and medium-term oil price assumptions, expecting a record glut in 2020 that will keep the market off balance at least in the next two years.
Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of huge extra supply next month.
KUALA LUMPUR: Top Glove Corp Bhd's sales order book has doubled following the rapid spread of Covid-19 across continents as orders stream in from countries affected by the pandemic.