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February 24, 2020

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CBS US News

Reported cases spike as Europe struggles with its first major outbreak

CBS News
by CBS News03
CBS News – For more and to sign up click here As reported cases of the coronavirus spiked to over 79,000 over the weekend, Europe struggled to deal with its first major outbreak of the disease, in Italy. South Korea took “unprecedented, powerful” steps to try to contain the spread......
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Reuters - Business

G20 sees need to coordinate coronavirus response as IMF trims growth forecasts

Reuters
by Reuters012
RIYADH (Reuters) – The world’s top economies called on Saturday for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China’s growth this year to 5.6% and shave 0.1 percentage points from global growth. FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a news conference......
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Reuters - Business

Markets underprice coronavirus risk: UBS chairman on Bloomberg TV

Reuters
by Reuters06
FILE PHOTO: Axel Weber, UBS Chairman of the Board of Directors, attends a session during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse VIENNA (Reuters) – Markets are underpricing the risk that the coronavirus outbreak poses to the global economy, and central......
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CBS US News

Officials letting last uninfected passengers leave Diamond Princess

CBS News
by CBS News07
CBS News – For more and to sign up click here Japan says a two-week quarantine of passengers on the Diamond Princess cruise ship is over, and people who tested negative for the new coronavirus are being allowed to disembark. The ship was the site of the largest outbreak of......
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Reuters - Business

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

Reuters
by Reuters09
WASHINGTON/RIYADH/FRANKFURT – (Reuters) – In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. FILE PHOTO: A man wearing a face mask walks past a shop of a French luxury cosmetic brand Lancome......
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Reuters - Business

Oil firms on supply threats and easing demand woes

Reuters
by Reuters06
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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CBS US News

Drop in new cases reported in China after change in diagnostic criteria

CBS News
by CBS News03
CBS News – For more and to sign up click here China has changed the way it confirms cases of the new coronavirus for the second time in a week, resulting in a lower number of reported new infections on Thursday. Three-hundred-forty-nine new cases were reported in China in the latest 24-hour......
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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

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

Oil up on slowing pace of coronavirus, Venezuela sanctions

Reuters
by Reuters07
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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CBS US News

Coronavirus quarantine ends for most on cruise ship in Japan as global deaths top 2,000

CBS News
by CBS News05
CBS News – For more and to sign up click here There were more than 75,000 people infected with the new coronavirus disease as of Wednesday morning, and it has killed more than 2,000. The vast majority of all cases are in China, but even as Japan lifted the quarantine......
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CNBC Business

WHO says no signs of coronavirus cases in North Korea

CNBC
by CNBC020
CNBC – For more and to sign up click here Doctors in medical masks and protective suits at the Munsu-dong diplomatic compound in North Korea amid the COVID-19 outbreak. Yevgeny Agoshkov | TASS via Getty Images There are no indications that there are cases of the new coronavirus in North......
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Reuters - Business

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

Reuters
by Reuters08
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

Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak

Reuters
by Reuters04
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo TOKYO (Reuters) – Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a......
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New York Post

Health officials expect results from trials of coronavirus drugs

NYPost
by NYPost010
New York Post – For more and to sign up click here The results of clinical trials on two antiviral drugs to treat the coronavirus outbreak could be days away from being released, health officials said. Dr. Marie-Paule Kieny, who co-chaired a World Health Organization (WHO) meeting in Geneva this......
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New York Post

Coronavirus vaccine could be ready in 18 months, WHO says

NYPost
by NYPost011
New York Post – For more and to sign up click here The World Health Organization (WHO) announced on Tuesday that it hopes to have a vaccine for the novel coronavirus within 18 months, but until then, countries will have to make do with what they already have. “The development......
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Reuters - Business

Exclusive: Hundreds of Chinese businesses seek billions in loans to contend with coronavirus – sources

Reuters
by Reuters017
BEIJING (Reuters) – More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said. Customers wearing face masks shop inside a supermarket following an outbreak of the novel coronavirus in......
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Reuters - Business

Drugmakers see long road ahead in coronavirus vaccine race

Reuters
by Reuters07
(Reuters) – Drugmakers racing to find a vaccine or effective treatment for the deadly new coronavirus in China cautioned that they have a long way to go. That runs counter to reports of a supposed “breakthrough” that on Wednesday boosted financial markets and spurred optimism not necessarily backed by reality.......
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Reuters - Business

Oil prices jump 2% as virus vaccine reports spur hope

Reuters
by Reuters011
NEW YORK (Reuters) – Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing......
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