Market News

    Stocks slide as dire economic outlook weighs

    SINGAPORE/NEW YORK (Reuters) - World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy economic outlooks for Asia.

    U.S. oil crashes below $20 on record demand plunge

    WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Agency warned of a record oil demand slump this year, adding additional bearish tilt to the market which is already digesting huge U.S. inventory builds and too-little-too-late OPEC++ actions to support prices.  

    Some Asian economies to avoid recession, says IMF

    HONG KONG • Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly next year if the coronavirus is contained, said the International Monetary Fund (IMF), with China leading the recovery.