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Yuan weakens, safe havens gain on Chinese virus concerns
By Karen Brettell NEW YORK (Reuters) – China’s yuan tumbled on Tuesday and the safe-haven Japanese yen rallied as the spread of a pneumonia-like virus in China dampened risk appetite. China reported a fourth death from a new coronavirus as the number of cases continued to rise. U.S. officials also confirmed the first U.S. case […]
OPEC’s pact with Russia falls apart, sending oil into tailspin
By Rania El Gamal, Alex Lawler and Olesya Astakhova VIENNA (Reuters) – A three-year pact between OPEC and Russia ended in acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavirus and OPEC responded by removing all limits on its own production. Oil prices plunged 10% as […]
UK sets out ‘battle plan’ to try to contain spread of coronavirus
By Elizabeth Piper and Kylie MacLellan LONDON (Reuters) – Britain unveiled its “battle plan” to tackle the spread of coronavirus on Tuesday, warning that as many as a fifth of employees could be off work at the peak of the outbreak. The United Kingdom has so far confirmed 51 cases of the virus, also known […]