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February 23, 2020

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Stocks slip as coronavirus fears spur safe-haven buying

Reuters
by Reuters00
NEW YORK (Reuters) – Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low. Traders work on the floor of the New York Stock......
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Reuters - Business

Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources

Reuters
by Reuters05
FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco (2222.SE) is set......
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Reuters - Business

Oil falls 2% on renewed uncertainties over coronavirus outbreak

Reuters
by Reuters06
LONDON (Reuters) – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February......
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Reuters - Business

Stocks head for worst week in four as coronavirus spreads

Reuters
by Reuters04
LONDON/SYDNEY (Reuters) – Shares across the world fell on Friday and were set for their worst week in four as investors dumped riskier assets for the safety of bonds and gold, with coronavirus cases in China and elsewhere spreading. FILE PHOTO: The German share price index DAX graph is pictured......
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Asian funds seek a sheltered shore in U.S. assets

Reuters
by Reuters02
SYDNEY (Reuters) – Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lifting the dollar to three-year highs. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai,......
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Reuters - Business

Oil falls as coronavirus spread beyond China heightens demand fears

Reuters
by Reuters03
TOKYO (Reuters) – Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February......
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Reuters - Business

Asia looks to safer shores in U.S. assets as virus spreads

Reuters
by Reuters03
SYDNEY (Reuters) – Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lofting the dollar to three-year highs. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai,......
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Reuters - Business

U.S. dollar, bonds get safe-haven rush as virus spreads

Reuters
by Reuters04
SYDNEY (Reuters) – Asian shares were cast adrift on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lofting the dollar to three-year highs. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in......
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Reuters - Business

Dollar tramples yen and safe-haven status, gold gains

Reuters
by Reuters03
NEW YORK (Reuters) – The strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status while the rally in U.S. equities took a pause. Traders work on the......
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Reuters - Business

Oil firms on supply threats and easing demand woes

Reuters
by Reuters05
LONDON (Reuters) – Oil prices rose on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick......
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Reuters - Business

Oil prices gain on supply threats; demand concerns from coronavirus ease

Reuters
by Reuters07
SINGAPORE (Reuters) – Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S.,......
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Reuters - Business

Asian stocks slip as virus’ regional spread spooks investors

Reuters
by Reuters04
SINGAPORE (Reuters) – Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield. FILE PHOTO: A men wearing a mask walk at the Shanghai Stock Exchange building at the......
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Reuters - Business

Oil rises on supply woes; demand concerns from coronavirus ease

Reuters
by Reuters05
SINGAPORE (Reuters) – Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at sunset in Midland,......
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Reuters - Business

Oil rises on supply worries, while virus-led demand concerns ease

Reuters
by Reuters010
SINGAPORE (Reuters) – Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at......
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Reuters - Business

Slowing virus, China stimulus hopes support stocks, yen nurses losses

Reuters
by Reuters011
SINGAPORE (Reuters) – Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months. FILE PHOTO: A men wearing......
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Reuters - Business

Oil up on slowing pace of coronavirus, Venezuela sanctions

Reuters
by Reuters06
LONDON (Reuters) – Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump jacks operate at......
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Reuters - Business

China stimulus hints, slowing spread of virus lift stocks

Reuters
by Reuters04
LONDON (Reuters) – A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global stock markets on Wednesday, helping ease some of the alarm caused by an Apple revenue warning. FILE PHOTO: The German share price index DAX graph is pictured......
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Reuters - Business

Asia stocks rise on lull in virus worry, euro still weak

Reuters
by Reuters010
TOKYO (Reuters) – Asian shares and U.S. stock futures rose on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases. FILE PHOTO: An investor looks at his mobile phone in front of a board showing stock information......
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Reuters - Business

Oil gains as optimism grows economic impact of coronavirus outbreak may be brief

Reuters
by Reuters07
TOKYO (Reuters) – Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump......
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Reuters - Business

Asian shares nudge up as virus spread slows, euro fragile

Reuters
by Reuters09
TOKYO (Reuters) – Asian shares and U.S. stock futures edged cautiously higher on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases. FILE PHOTO: An investor looks at his mobile phone in front of a board showing......
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