Oil prices plunged more than 3% and traded near their 2017 lows as reports around the coronavirus health crisis worsened. U.S. Crude Oil WTI Futures plunged 3.1% to $45.62 by 1:35 AM ET (05:35 GMT). International Brent Oil Futures slid 2.8% to $50.28. Investor sentiment continued to worsen as...
Gold prices slipped for the second day in a row on Friday in Asia despite a continued meltdown in global stocks. Gold Futures for April delivery slipped 0.1% to $1,640.70 by 12:40 AM ET (04:40 GMT). Gold prices gave up some of its earlier gains this week as traders booked profit as the yellow...
The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR/USD pair and the GBP/USD pair rose 0.3% and 0.2% respectively by 1:45 AM ET (05:45 GMT). Despite the gains today, traders are concerned that tough rhetoric from both...
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. Brent crude (LCOc1) was down 60 cents, or 1.1%, at $52.83 a barrel...
European shares dropped for a fifth day in a row as companies including Diageo Plc warned the coronavirus outbreak will hit their sales in China while worries mounted over the economic impact of the outbreak in Europe. The Stoxx Europe 600 Index sank 2.4% and hit its lowest level...
The U.S. dollar steadied on Wednesday after three days of declines but stayed on the defensive amid expectations that the Federal Reserve could cut interest rates in the coming months to support the economy as coronavirus continues to spread around the world. Against a basket of currencies, the...
The Japanese yen fell against the U.S. dollar on Tuesday in Asia even as coronavirus cases continued to surge globally. Heightened risk aversion sent Asian stocks lower today, but failed to offer support to the safe-haven yen. The USD/JPY pair rose 0.1% to 110.82 by 1:10 AM ET (05:10 GMT), up...
Gold prices fell more than 2% on Tuesday in Asia and is set to record their first decline in five days. Gold Futures for April delivery fell 2.3% to $1,638.75 by 1:59 AM ET (05:59 GMT). Increase in the number of new coronavirus cases outside of China over the past few days provided support for...
PepsiCo Inc (O:PEP) has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd (SZ:002582) for $705 million, the companies said. The U.S. multinational food and beverage maker said the acquisition of Be & Cheery, which sells snacks from nuts...
Cargill Inc (CARG.UL) will launch plant-based hamburger patties and ground “fake meat” products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. The entry of Cargill, one the world’s...
