President Donald Trump said he’s planning to call Vladimir Putin on Monday to discuss Russia’s oil price war with Saudi Arabia and the global response to the coronavirus pandemic. “Russia’s got a big problem with that too, with the virus, so we’ll be talking about that, but literally that’s my next call,” Trump said during.
The airline industry, which spent almost all of its free cash flow on stock buybacks for the last 10 years, is asking for $50 billion in government assistance, and President Trump seems inclined to give it. A bounce in stock futures overnight has fizzled, and the mood is turning more risk-averse by the hour. The.
Singapore’s prime minister warned on Saturday that the negative economic effects of the coronavirus outbreak will likely be deeper and more prolonged than the 2008 financial crisis. “The economic hit will likely be more serious than the global financial crisis, and longer-lasting too, even beyond the end of the pandemic,” Lee Hsien Loong said in.
How much worse could it get for oil? Crude prices took their cue from a nosediving stock market to lose up to 16% this week for the biggest weekly tumble since the Great Recession that began in 2008. That’s a known. But pundits looking at the carnage across markets from the coronavirus epidemic are warning.
Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned of an inevitable pandemic, and outbreaks in Italy and Iran spread to more countries. Asian shares fell on Wednesday as the U.S. warning to Americans to prepare for a likely coronavirus pandemic jolted.
China replaced the head of its top agency overseeing Hong Kong, in the latest shakeup after months of anti-government protests in the Asian financial hub. Zhang Xiaoming will be replaced as director of the Hong Kong & Macau Affairs Office by top national political adviser Xia Baolong, China’s State Council said in a statement Thursday..