Energy & Precious Metals

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.

coronavirus in USA

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 Replaces Head of Hong Kong and Macau Office

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..

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