Tag Archives: Commodities News (3rd Party)

Stimulus hopes pull stocks back from abyss

Stimulus hopes pull stocks back from abyss

SINGAPORE (Reuters) – Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package. Currency dealers walk past an electronic board showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of …

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Dollar eases, stocks slide on uncertainty over US stimulus plans

Dollar eases, stocks slide on uncertainty over US stimulus plans

NEW YORK (Reuters) – The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action. File Photo: A street cleaning operative walks past …

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European stock futures jump as BoE joins rate cut party

European stock futures jump as BoE joins rate cut party

TOKYO (Reuters) – Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), …

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Asian shares emerge from rout as stimulus hopes calm panic

Asian shares emerge from rout as stimulus hopes calm panic

SYDNEY/HONG KONG (Reuters) – Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), stands in …

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Oil prices rise 4% after biggest one-day fall since 1991

Oil prices rise 4% after biggest one-day fall since 1991

SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: …

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Oil crashes after Saudi Arabia starts price war amid slumping demand

Oil crashes after Saudi Arabia starts price war amid slumping demand

TOKYO (Reuters) – Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month, starting a price war even as spread of the coronavirus erodes global demand growth. Prices fell by as much as …

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World stocks toppled by coronavirus shock, oil price crash

World stocks toppled by coronavirus shock, oil price crash

SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia. FILE PHOTO: A man wearing a protective face …

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Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

CHICAGO (Reuters) – Cargill Inc 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. FILE PHOTO: A burger made with black beans and canola protein powder at Burcon’s …

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Slowing virus, China stimulus hopes support stocks, yen nurses losses

Slowing virus, China stimulus hopes support stocks, yen nurses losses

SINGAPORE (Reuters) – Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months. FILE PHOTO: A men wearing …

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