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.

TOKYO (Reuters) - The dollar fell to a five-month low versus the yen after an emergency 50 basis point cut in interest rates by the U.S. Federal Reserve was deemed insufficient to offset downside risks posed by the global spread of the coronavirus.

Kochi: A slowdown in demand has kept rubber prices steady despite lower availability in the market.

Stocks in Asia mostly rose Tuesday morning following an overnight surge on Wall Street amid hopes central banks would potentially take action to combat the economic impact of the coronavirus outbreak.

TOKYO — Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak.

SINGAPORE (Reuters) - The euro held steady just under its highest in two months against the dollar on Tuesday, on expectations that coronavirus-driven monetary easing in the United States can and will run deeper than any similar action in Europe.