JP Morgan analysts have given up on their long-term "overweight" call on Boeing Co shares, cutting their price target for the company by $160 to just $210 dollars in a note to clients on Thursday.
Indian airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort to stem the spread of coronavirus, prompting massive ticket discounting in an already slumping air travel market.
The India government has ordered upcoming international cricket matches to be played in empty stadiums, as travel operators warned of an unprecedented impact of a blanket visa ban by the government to combat the spread of coronavirus.
Saudi Arabia has extended flight and travel bans over coronavirus fears to include the European Union and 12 other countries after announcing 24 new cases overnight to bring its total to 45, state media reported on Thursday.
The Dubai and Abu Dhabi indices opened sharply lower on Thursday, while trading in Kuwait was suspended for the day after the country declared a public holiday to stem the spread of the coronavirus outbreak.
Japan's Kurabo Industries Ltd said on Thursday it would start selling a coronavirus test kit that would give results in 15 minutes, sending its shares 23% higher to a daily-limit high.
The new U.S. ban on foreign citizens entering the country if they have been in Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, hitting European carriers the hardest.
The new U.S. ban on foreign citizens entering the country if they have travelled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said.
China's aviation regulator said on Thursday that the total number of airline passengers in February fell 84.5% year-on-year to 8.34 million, underscoring the impact of the coronavirus outbreak on carriers operating in the world's No. 2 economy.
Under pressure to act, President Donald Trump on Wednesday suspended all travel from Europe to the United States for 30 days starting on Friday in order to fight the coronavirus.
U.S. President Donald Trump announced on Wednesday the United States will suspend all travel from Europe to the United States for 30 days starting on Friday in order to fight the coronavirus.
Australia announced an A$17.63 billion ($11.41 billion) economic stimulus plan on Thursday that includes wage subsidies and cash payments for small businesses, to counter the impact of the coronavirus.
Exchange operator CME Group Inc said on Wednesday it would close its Chicago trading floor after business hours on Friday to reduce large gatherings that can contribute to the spread of the coronavirus.
Mosaic Fertilizantes, a unit of Mosaic Co., sees Brazil's fertilizer demand growing by up to 3% this year as local farmers rush to buy soil nutrients in a key growth market where the firm is already a top producer.
In trading on Wednesday, shares of Sibanye Stillwater Ltd (Symbol: SBSW) crossed below their 200 day moving average of $7.01, changing hands as low as $6.53 per share. Sibanye Stillwater Ltd shares are currently trading off about 16% on the day. The chart below shows the one
In trading on Wednesday, shares of SSR Mining Inc (Symbol: SSRM) entered into oversold territory, changing hands as low as $13.97 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentu
In trading on Wednesday, shares of Pretium Resources Inc (Symbol: PVG) entered into oversold territory, changing hands as low as $6.51 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mo
In trading on Wednesday, shares of Sibanye Stillwater Ltd (Symbol: SBSW) entered into oversold territory, changing hands as low as $6.53 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure
(RTTNews) - Gold prices continued to slide on Wednesday after seeing mild upside as investors moved away from safe havens, betting on global economic stimulus efforts to battle the coronavirus outbreak.