Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.
(RTTNews) - The Indonesia stock market on Monday halted the four-day winning streak in which it had advanced almost 110 points or 1.9 percent. The Jakarta Composite Index now rests just above the 5,950-point plateau although it may bounce higher again on Tuesday.
In an effort by Illinois to level the playing field for its the rapidly growing legal cannabis market, the state's Department of Financial and Professional Regulation is allowing medical marijuana dispensaries to stay open later.
With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of "force majeure."
China reported 108 new coronavirus deaths on Tuesday, a daily record, bringing the total number of people killed in the country to 1,016, but the number of new cases fell.
(RTTNews) - The Australian stock market is advancing on Tuesday following the overnight gains on Wall Street and on some positive corporate earnings results.
Gold prices held steady on Tuesday after climbing to a one-week peak in the previous session, as concerns about the coronavirus epidemic that has claimed more than 1,000 lives in China offset an uptick in equities.
(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, surrendering more than 540 points or 2 percent along the way. The Hang Seng Index now rests just above the 27,240-point plateau although it may stop the bleeding on Tuesday.
More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
(RTTNews) - The China stock market has climbed higher in five straight sessions, advancing more than 145 points or 5 percent along the way. The Shanghai Composite Index now rests just above the 2,890-point plateau and it may add to its winnings again on Tuesday.
Hedge funds were heavy sellers of petroleum last week for the third time in four weeks, amid mounting anxiety about the impact of a coronavirus outbreak on oil consumption in China.
(RTTNews) - Responding to Chatham Asset Management's letter, R.R. Donnelley & Sons Co. (RRD) said that stockholder rights plan does not inhibit Chatham's dialogue with RRD.
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