KUALA LUMPUR (Feb 13): OCBC Treasury Research says it expects the prices of oil, food and rubber to continue to be depressed amid the Covid-19 outbreak.

Portland, OR, Feb. 12, 2020 (GLOBE NEWSWIRE) -- The global industrial rubber market generated $31.3 billion in 2019 and is estimated to generate $44.6 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. The research offers a detailed analysis of changing market dynamics, top winning strategies, key segments, Porter’s Five Forces analysis, and competitive landscape.

SINGAPORE (Reuters) - Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak’s epicenter jumped.

TOKYO (Reuters) - The yen rose from a three-week low against the dollar on Thursday after China’s Hubei province, the epicenter of a coronavirus outbreak, reported a sharp jump in the number of new cases in a jolt to markets and sparking a flight for safe-haven assets.

SEOUL (Reuters) - Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world’s second-largest crude consumer.

(RTTNews) - Goodyear Tire & Rubber Co. (GT) reported that its fourth-quarter net loss was $392 million or $1.68 per share compared to net income of $110 million or $0.47 per share a year ago.