Tag Archives: Asia Economy

Oil prices to fall till Russia or Saudi Arabia hit pain point: ex-White House aide

Oil prices to fall till Russia or Saudi Arabia hit pain point: ex-White House aide

The price of oil is likely to fall “much lower from here,” according to Bob McNally, who was energy advisor to former U.S. president George W. Bush. The oil rout started on Monday, plunging over 20% following a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last week, and Saudi Arabia announced Saturday that …

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Saudi Arabia, Russia oil dispute is about ‘restructuring of supply’

Saudi Arabia, Russia oil dispute is about 'restructuring of supply'

The oil price rout this week may be a chance for the industry to restructure and could ultimately be a positive for the market, a strategist said on Wednesday. The oil markets tanked Monday, plunging over 20% following a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last week, and Saudi …

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Marseille cruise tests passengers, US airlines slash flights

Marseille cruise tests passengers, US airlines slash flights

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 114,578, according to data compiled by Johns Hopkins University. Global deaths: At least …

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Trump not tested, doesn’t show symptoms

Trump not tested, doesn't show symptoms

People wait in a line to buy face masks at a retail store in the southeastern city of Daegu on February 25, 2020. JUNG YEON-JE | Getty Images This is a live blog. Please check back for updates. Global cases: At least 110,029, according to the latest figures from the …

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Amazon won’t dock warehouse workers’ pay, Iran cases surpass 7,100

Amazon won't dock warehouse workers' pay, Iran cases surpass 7,100

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 111,300, according to data compiled by Johns Hopkins University. Global deaths: At least …

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Wuhan shuts down 11 makeshift hospitals, China cases slow

Wuhan shuts down 11 makeshift hospitals, China cases slow

People wearing masks visit a market amid the coronavirus outbreak on March 8, 2020 in Kunming, Yunnan Province of China. Liu Ranyang | China News Service | Getty Images This is a live blog. Please check back for updates. Global cases: At least 106,893, according to the latest figures from …

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Hotel used for quarantine collapses in China

Hotel used for quarantine collapses in China

Rescue workers are seen on the site where a hotel being used for the novel coronavirus quarantine collapsed in the southeast Chinese port city of Quanzhou, Fujian province, China March 7, 2020. cnsphoto via REUTERS This is CNBC’s 24-hour live blog covering all the latest news on the coronavirus outbreak. …

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NY state coronavirus cases quadruple over 48 hours to 44, market volatility continues

NY state coronavirus cases quadruple over 48 hours to 44, market volatility continues

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  All times below are in Eastern time. Global cases: At least 101,587, according to data compiled by …

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South Korea cases cross 5,000

South Korea cases cross 5,000

Global cases: At least 91,700, according to the latest figures from the World Health Organization Global deaths: At least 3,100, according to the latest figures from the WHO This is a live blog. Please check back for updates. All times below are in Beijing time. 10:43 am: NBC News Exit Poll finds US …

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WHO chief warns of more Europe outbreaks

WHO chief warns of more Europe outbreaks

People wearing face masks walk on the promenade of the Bund along the Huangpu River in Shanghai on February 28, 2020. Hector Retamal | AFP | Getty Images 10:00 am: Pence says more than 15,000 coronavirus testing kits are on the way to health professionals More than 15,000 coronavirus testing kits …

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