It was a marriage of convenience based on oil. When it came apart, it sent the markets reeling.
Tag: Economic Conditions and Trends
Stocks Climb as Investors Look to Washington
Investors returned, and futures indicated a rise on Wall Street, a day after coronavirus fears and oil market disruptions caused the biggest sell-off in a decade.
Saudi Oil Price Cut Is a Market Shock With Wide Tremors
Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.
On Day 1 of Lockdown, Italian Officials Urge Citizens to Abide by Rules
Italy’s prime minister implored the public to cooperate in the largest clampdown against the coronavirus in the Western world. “We are the new Wuhan,” one Milan resident said.
In U.S., Cases of Coronavirus Cross 500, and Deaths Rise to 22
A top U.S. health official says regional lockdowns are possible and warns the most vulnerable against travel as a 19th person dies in Washington State.
Lebanon Will Default on Foreign Debt Payment Amid Deepening Economic Crisis
The decision will appease protesters who have clamored for the government to prioritize domestic concerns. But it does little to solve the nation’s financial woes.
Italy Locks Down Much of the Country’s North Over the Coronavirus
The restrictions affect Milan and the regions that serve as Italy’s economic engine, and are the most sweeping measures outside China.
Paid to Stay Home: Europe’s Safety Net Could Ease Toll of Coronavirus
Europe’s social policies are sometimes seen as overly generous. Yet they may help cushion the economic impact of the virus.
Live: The Stock Market Today and Coronavirus
Stocks fell and investors rushed to the safety of government bonds.
As Coronavirus Disrupts Factories, India Curbs Exports of Key Drugs
The outbreak has hobbled Chinese factories that supply India’s vast drug industry with ingredients for antibiotics and vitamins, raising the prospect of global shortages.