Markets

Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand.

U.S. private equity firm Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a US$4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market.

Shares of Boeing Co dropped more than 12per cent on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing's argument about the safety of wiring bundles on the grounded 737 MAX jet....

Qantas Airways will cut its international capacity by nearly 25 per cent over the next six months and delay an order for Airbus A350 planes as part of sweeping changes in response to a coronavirus-led plunge in passenger demand.

William Ackman's publicly traded hedge fund gained nearly 3per cent this year, though the billionaire investor warned of volatility ahead as world markets reel under the economic hit from the coronavirus epidemic.

Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.

NEW YORK: World oil prices crashed on Monday (Mar 9), fuelling a vicious selloff on stock markets which were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30 per cent at one stage after top exporter Saudi Arabia slashed the prices it...

Asian markets were set for a fraught session on Tuesday after Wall Street suffered its biggest one-day loss since the 2008 financial crisis, piling pressure on policy makers globally to short-circuit the panic.

Australian Prime Minister Scott Morrison said on Tuesday the government would soon announce a package to stimulate an economy hammered by the effects of the coronavirus outbreak, but did not give financial details of the plan.

New Zealand's Commerce Commission said on Wednesday that it has issued a warning to HSBC Holdings Plc over its failure to comply with the information disclosure requirements.