Airport passenger traffic in the Asia-Pacific region is expected to take a 24per cent hit in the first quarter from the coronavirus, leading to a US$3 billion decline in airport revenue and placing pressure on growth projects, an industry group said on Monday.
Oil prices plunged around 25per cent on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.
Gold prices jumped past the US$1,700 per ounce level for the first time since late 2012 on Monday, as a widening coronavirus outbreak and a plunge in crude oil hammered equities and sent investors scurrying for safe havens.
SYDNEY Asian shares were set for a pounding on Monday (Mar 9) as investors fled to bonds to hedge the economic shock of COVID-19, and oil plunged more than 20 per cent after Saudi Arabia slashed its official selling price. The world's top oil exporter plans to raise its production...
Boeing Co's proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters.
Citigroup Inc is splitting its staff in Buffalo, New York, to ensure it can keep its operations humming as the coronavirus spreads across the state, according to a source familiar with the plans.
Asian share markets were set for a beating on Monday as investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20per cent after Saudi Arabia slashed its official selling price.
WELLINGTON: Air New Zealand scrapped its annual earnings outlook on Monday (Mar 9), saying the impact of new coronavirus since the most recent figures were issued just two weeks ago had been worse than expected. The flag carrier warned on Feb 24 that annual pre-tax earnings could drop up to...
The price of futures contracts for the S&P 500 index fell more than 4per cent on Sunday as trading for U.S. equity markets resumed, a sign that investors fear the toll from the fast-spreading coronavirus will deepen.
This COVID-19 outbreak has turbocharged the rise of digital healthcare platforms and solutions to aid healthcare workers, says Mark Greeven.
