NEW YORK (Reuters) – Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively mild and short recession though tight credit markets could worsen the downturn. FILE PHOTO: A worker wearing a face mask works on a production line manufacturing
Business
FILE PHOTO: A clean worker wearing a face mask drives past a closed IKEA store, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. REUTERS/Jason Lee LONDON (Reuters) – IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a
U.S. President Donald Trump hosts a photo-op with Brazilian President Jair Bolsonaro before attending a working dinner at the Mar-a-Lago resort in Palm Beach, Florida, U.S., March 7, 2020. REUTERS/Tom Brenner PALM BEACH, Fla. (Reuters) – President Donald Trump praised the United States’ relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined
BEIJING (Reuters) – About a quarter of China’s new confirmed cases and almost all of those outside the epidemic’s epicenter in Wuhan originated outside the country on Friday, according to official data. FILE PHOTO: Community workers in protective suits disinfect a residential compound in Wuhan, the epicentre of the novel coronavirus outbreak, Hubei province, China
Supporters of U.S. Democratic presidential candidate Bernie Sanders react as law enforcement officers wrestle with a supporter of U.S. President Donald Trump at a rally in Phoenix, Arizona, U.S. March 5, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. stocks opened sharply lower on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors
FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016. REUTERS/Kim Hong-Ji TOKYO (Reuters) – South Korea and Japan will hold export control talks originally planned for March 10 in Seoul via teleconference, the Jiji news agency reported on Friday, reflecting the widening
(Reuters) – U.S. stock indexes dropped more than 2% on Thursday as the swift spread of the coronavirus in the United States led California to declare an emergency, while airline stocks were hammered by crippled travel demand. A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City,
SINGAPORE (Reuters) – Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford SINGAPORE (Reuters) – Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
BRUSSELS (Reuters) – The worst is still to come for the airline industry in terms of economic damage from the coronavirus outbreak, European carrier bosses warned on Tuesday, but they predicted that travel demand could stabilise in the coming weeks. Airlines for Europe A4E Managing Director Thomas Reynaert, CEO of Air France-KLM Benjamin Smith, Chief
SpaceX founder and chief engineer Elon Musk attends a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius (Reuters) – Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc’s (TWTR.N)
FILE PHOTO: Thyssenkrupp’s logo is seen in the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo (This March 1 story has been refiled to show that the consortium is led by Advent and Cinven) BERLIN (Reuters) – The consortium that won the bid to acquire Thyssenkrupp’s elevators division wants to spend
FILE PHOTO: An attendee works on a laptop at the annual IHS CERAWeek conference in Houston, Texas March 4, 2014. REUTERS/Rick Wilking/File Photo HOUSTON (Reuters) – Coronavirus concerns prompted organizers on Sunday to cancel the CERAWeek energy conference that annually brings together oil ministers and senior executives from the energy and financial industries, the latest
FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott (Reuters) – U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties last year suspended a contract
FILE PHOTO: State oil company PDVSA’s logo is seen at a gas station in Caracas, Venezuela, May 17, 2019. REUTERS/Ivan Alvarado/File Photo CARACAS (Reuters) – Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil
FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. REUTERS/Athit Perawongmetha/File Photo BEIJING/TOKYO (Reuters) – Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.
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