SYDNEY/TOKYO (Reuters) - The dollar nursed savage losses against the yen and euro on Friday as a plunge in U.S. yields to record lows wiped out the currency’s single greatest attraction for investors - higher interest rates.
SINGAPORE (Reuters) - Oil slid on Friday as worries about demand for fuel being sapped by the global coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.
Stocks in Asia declined in Friday morning trade as volatility continues to grip the markets amid investor concerns over the global coronavirus outbreak.
KUCHING: Covid-19 will have a positive impact on earnings for the rubber products (gloves) sector, analysts project, given the recent demand surge due to the outbreak.
TOKYO (Reuters) - Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
(Reuters) - The coronavirus likely halved China’s economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found.
