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Oil sinks 4% on demand concerns as coronavirus spreads
By Stephanie Kelly NEW YORK (Reuters) – Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of […]
Covid 19 coronavirus: Zero new cases today; No-one in hospital with virus
There are no new cases of Covid-19 to report in New Zealand today. New Zealand has recorded 1,515 cases of Covid-19 since the pandemic began. The country’s total number of active cases remains at 45 – and all of them are imported cases. There are no active Covid cases in the community. No one is […]
U.S. core capital goods orders point to worsening business investment downturn
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening contraction in business investment that analysts said signaled the economy was already in recession. The coronavirus pandemic has further darkened the outlook for business investment as measures […]