MUMBAI – The rubber industry can't seem to catch a break. Barely weeks after the novel coronavirus outbreak wreaked havoc on prices, the downward spiral in crude oil prices could compound the sector's misery.
SINGAPORE (Reuters) - The dollar slid in another seismic shift to price in more U.S. interest rate cuts on Thursday, after President Donald Trump disappointed markets with a coronavirus plan light on details.
TOKYO, March 12 (Reuters) - Global shares crumbled on Thursday after U.S. President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb the spread of the coronavirus, threatening more disruptions to businesses and the world economy.
TOKYO (Reuters) - Oil prices slumped again on Thursday amid a broader market rout after the United States banned travel from Europe following a declaration that the coronavirus outbreak is now a pandemic.
Donald Trump has suspended all travel to the US from Europe for 30 days to try and tackle the coronavirus crisis.
Asia stocks fell sharply in morning trade on Thursday after the Dow Jones Industrial Average plunged into bear market territory overnight as the World Health Organization (WHO) declared the coronavirus outbreak a global pandemic.