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Global Fear of Flying Spawns Crisis for Airlines The coronavirus has suddenly and unexpectedly created the biggest challenge for the global airline industry since 9/11. Bookings around the world are falling sharply. U.S. carriers are following Asian and European airlines in cutting flights, grounding planes ...
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FX volatility surges as yen jumps; commodity currencies slump LONDON/SINGAPORE (Reuters) - The dollar fell 3% against the Japanese yen and commodity-linked currencies tanked on Monday, as a 30% crash in the oil price and tumbling stock markets panicked investors and sent currency prices swinging wildly.
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Asian Markets Plunge as Coronavirus and Oil Shake Investors Wall Street looked poised for a sharp drop on Monday morning after the outbreak worsened in Europe and the U.S. Oil prices and bond yields tumbled. Right Now. Tokyo stocks were down more than 5 percent at midday.
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Russia, Saudi Arabia squabble over oil strategy, but the real battle is with the US Russia's failure to buy into Saudi Arabia's efforts to deepen cuts ended a production agreement, and now the two nations seem to be locked in a damaging market share war. Analysts, however, say the real target, particularly of Russia, is more likely the U.S. ...
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EM ASIA FX-Currencies weaken as oil price crash dampens risk sentiment ... * Oil prices plunge about 30% * Malaysian ringgit drops to mark worst day in two-weeks * Yuan expected to outperform the basket in 2020 - HSBC analyst (Adds text, updates prices) By Anushka Trivedi March 9 (Reuters) - Asian currencies weakened on ...
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US Shale Drillers Could Be Casualties of Oil-Price War U.S. shale drillers are poised to be among the biggest losers in the oil-price war stoked by Russia and Saudi Arabia that has sent global prices crashing. Dozens of debt-addled companies, including Chesapeake Energy Corp. and Whiting Petroleum Corp., ...
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New York Fed Repo Totals $112.93 Billion Wall Street's biggest banks took advantage Monday of the Federal Reserve Bank of New York's willingness to offer more temporary liquidity to the financial system amid deeply unsettled markets conditions. Eligible banks, known as primary dealers, tapped ...
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Coronavirus in NY: Head of Port Authority Tests Positive Rick Cotton, the executive director of the Port Authority of New York and New Jersey, which operates the region's major airports, bridges, tunnels and bus terminals, has tested positive for the coronavirus, Gov. Andrew M. Cuomo of New York announced on ...
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Instant View: Wall Street plunges after oil shock, trading halts then resumes (Reuters) - U.S. equities plunged on Monday as trading resumed following a slump in oil prices. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. REUTERS/Bryan R Smith. Trading on U.S. stock exchanges ...
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Fed Moves to Keep Credit Flowing and Money Markets Calm Amid Coronavirus Turmoil WASHINGTON — The Federal Reserve tried to insulate both Main Street and Wall Street from the coronavirus's economic fallout on Monday, encouraging banks to work with affected customers while taking measures to keep money flowing smoothly between ...
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