Gold prices inched lower on Tuesday, following a meltdown in precious metals last session, as investors continued to sell assets across markets to keep their money in cash amid heightened panic over the coronavirus pandemic.
(RTTNews) - The Hong Kong stock market has moved lower in four straight sessions, plummeting more than 2,300 points or 9.3 percent along the way. The Hang Seng Index now rests just above the 23,060-point plateau and it's expected to see further downside again on Tuesday.
As Wall Street suffered its worst one-day rout in three decades on Monday, financial professionals managed the historic selloff with the added distraction of children needing lunch and dogs barking to be let out.
The safe-haven Japanese yen held largely firm on Tuesday, while risk-sensitive currencies struggled to stay afloat as coordinated moves by central banks failed to quell investor trepidation over the spreading coronovirus pandemic.
AMC Entertainment Holdings (NYSE: AMC) has enacted a new limited-attendance policy at all of its venues in the U.S., according to various media reports. The company, operator of the largest movie theater chain in the country, will allow no more than 50 patrons into any of its fi
(RTTNews) - The China stock market has fallen lower in four straight sessions, sinking almost 210 points or 7 percent along the way. The Shanghai Composite Index now rests just beneath the 2,790-point plateau and it's likely in store for continued selling pressure on Tuesday.
Power producer PG&E Corp said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments.
South Korea's vice finance minister said on Tuesday the widening fallout from the coronavirus outbreak may lead to unprecedented economic and financial crisis for the country, and vowed to take action to keep credit flowing in the market.
Exxon Mobil on Monday said it will make "significant" cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbreak.
NASCAR on Monday postponed five more races due to the coronavirus outbreak but said it still intends to reschedule them and run all 36 events on its calendar.
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.
Brazil's government on Monday announced emergency measures to inject nearly 150 billion reais ($30 billion) into the economy to soften the blow from the coronavirus pandemic.
(RTTNews) - The Malaysia stock market has moved lower in three straight sessions, plummeting almost 165 points or 12 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,280-point plateau and it's expected to open in the red again on Tuesday.
The Reserve Bank of Australia (RBA) injected extra cash into the financial system on Tuesday as steep falls in global equity markets driven by concerns about the coronavirus threatened to drain liquidity and push up borrowing costs.
Exxon Mobil on Monday said it will make "significant" cut to spending in the face of the unprecedented slide in oil prices due to the coronavirus outbreak.
Brent crude oil futures fell almost 13% on March 16, sending the most important global oil price benchmark below $30 for the first time since Feb. 11, 2016, when it closed at $28.82 per barrel. The major U.S. benchmark, West Texas Intermediate, joined Brent in the rout, falling
In a move that's likely to bring pleasure to the palates of many fans, PepsiCo (NASDAQ: PEP) responded to popular opinion by launching a campaign to promote its release of two soda flavors. One is a returning favorite, Pepsi Wild Cherry Zero Sugar. The other is a new offering, P
After shutting down Disneyland, Disney World, Disneyland Paris, and Disney Cruise Line operations last week, Disney (NYSE: DIS) announced on Monday it would make additional closures. The entertainment giant will cease all store operations in North America on Tuesday, and all of
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