Business

Asian stocks nosedive, extending global rout on recession fears

HONG KONG, China (AFP) -- Asian markets opened in freefall on Friday, extending a global rout that saw bourses experience…

Oil prices fall around 6% after Trump virus address

SINGAPORE, Singapore (AFP) -- Oil prices plunged about six percent Thursday after US President Donald Trump announced a 30-day ban…

Amazon increases paid sick leave due to coronavirus

SAN FRANCISCO, United States (AFP) -- Amazon on Wednesday beefed up paid leave for workers quarantined due to the novel…

Saudi to boost oil output capacity by 1 million barrels per day: Aramco

RIYADH, Saudi Arabia (AFP) -- Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by…

Asian markets lose early puff as virus uncertainty casts a pall

HONG KONG, China (AFP) -- A rally in equities and oil ran out of steam Wednesday as the deadly coronavirus…

Oil prices claw back ground after crash

  SINGAPORE (AFP) -- Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day…

Asian markets collapse as oil prices crash, virus spreads

HONG KONG, China (AFP) -- Equity markets collapsed Monday as the rapidly spreading coronavirus fans fears over the global economy,…

Oil down about 20 percent after Saudi price cuts

SINGAPORE, Singapore (AFP) -- Oil plunged about 20 percent Monday after top exporter Saudi Arabia made deep price cuts following…

Oil plunges over 5% on OPEC reports, coronavirus

LONDON, United Kingdom (AFP) -- World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 percent…

Starbucks bans personal cups over new coronavirus

WASHINGTON, United States (AFP) -- Reusable cups are in vogue for reducing waste but are no longer welcome at Starbucks…

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