Nasdaq News

Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens.

U.S. President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade.

China's energy futures tumbled over 4% to trade at more than one-week lows in early deals on Monday, as a jump in coronavirus cases and deaths outside China raised fears about the outlook for global growth and oil demand.

(RTTNews) - Asian stock markets, led by South Korea, are in negative territory on Monday while safe-haven gold rose amid worries about a surge in the number of new coronavirus cases reported outside China and its impact on the global economy.

Indonesia's central bank has intervened in the spot currency, domestic nondeliverable forward and bond markets amid outflows related to fears of the spread of COVID-19 in South Korea, an official told Reuters on Monday.

(RTTNews) - Indian shares may open sharply lower on Monday as investors monitor the latest developments related to the novel coronavirus outbreak and keep an eye on U.S. President Donald Trump's two-day visit to India. The upcoming expiry of February series derivative contracts

PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said.

Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the South American country's meat export chamber told Reuters.

Teck Resources Ltd has withdrawn the application for its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, the company said on Sunday, days before the federal government was to decide on whether to approve the controversial project.

U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.

Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors flocking to gold and the dollar for safety.

(RTTNews) - The Thai stock market on Friday halted the three-day losing streak in which it had stumbled more than 35 points or 2.2 percent. The Stock Exchange of Thailand now rests just above the 1,495-point plateau although it's expected to head south again on Monday.

Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.

Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.

After dropping 228 points on Friday, the Dow Jones Industrial Average is looking set for another drop of more than 300 points as coronavirus fears grow.

(RTTNews) - The Indonesia stock market on Friday halted the four-day winning streak in which it had advanced almost 80 points or 1.3 percent. The Jakarta Composite Index now rests just above the 5,880-point plateau and it's expected to open lower again on Monday.

Teck Resources Ltd has withdrawn its application for its Frontier oil sands mine in Alberta, the Globe and Mail reported on Sunday, just days before the federal government was to decide on whether to approve the controversial project.

The following table shows rates for Asian currencies against the dollar at 0149 GMT.

Gold prices rose more than 2% on Monday to their highest in over seven years, as a spike in coronavirus cases beyond China pushed investors to take refuge in the safe-haven metal.

Fears grew on Monday that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries around the world, after sharp rises in infections in South Korea, Italy and Iran.