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Pandemic slams Asia"s factories, activity hits financial-crisis lows

Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand......»»

Category: topSource: reutersMay 4th, 2020

Oil prices slide on demand concerns, U.S.-China trade tension

Oil prices fell on Monday, paring last week's gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease......»»

Category: topSource: reutersMay 4th, 2020

Asia shares cautious ahead of Fed, corporate earnings

Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions......»»

Category: topSource: reutersApr 28th, 2020

Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year

South Korea's Hyundai Motor Co said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble 18%......»»

Category: topSource: reutersApr 23rd, 2020

Las Vegas Sands predicts speedy recovery in Asia on pent-up gambling demand

Las Vegas Sands Corp on Wednesday posted a first-quarter loss as the coronavirus kept consumers at bay, but the casino operator struck an optimistic note as pent-up demand for gambling pointed to a speedy recovery in Asia......»»

Category: topSource: reutersApr 22nd, 2020

China crude oil runs hit 15-month low as virus cripples demand

China's daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to ease virus-related curbs......»»

Category: topSource: reutersApr 17th, 2020

L"Oreal banks on cosmetics bounceback, citing Chinese pick-up

Maybelline make-up manufacturer L'Oreal said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandemic ease, pointing to a recovery already under way in China......»»

Category: topSource: reutersApr 16th, 2020

Asia"s factory activity plunges as coronavirus shock deepens

Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China......»»

Category: topSource: reutersApr 1st, 2020

China PMI offers tiny relief to Asia as stocks head for dire end to quarter

Asian shares were set to close out a calamitous quarter by eking out a small rally on Tuesday as factory data from China held out the hope of a revival in activity, even as much of the rest of the world shut down......»»

Category: topSource: reutersMar 31st, 2020

Asia shares inch up, China"s factories show flicker of life

Asian shares were closing out a calamitous quarter with a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity, even as much of the rest of the world shut down......»»

Category: topSource: reutersMar 31st, 2020

Asian factory orders canceled, threatening millions of jobs

Retailers in the U.S. and Europe are suspending and cancelling clothing orders, threatening millions of factory jobs in Asia just as China shows signs of recovering from the worst of the coronavirus outbreak......»»

Category: topSource: moneycentralMar 25th, 2020

U.S. crude falls below $30 as Fed move fails to calm markets

U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus......»»

Category: topSource: reutersMar 16th, 2020

Coronavirus Set to Cost Airlines Over $29 Billion in 2020 Revenues

The airline industry has taken another hit on flights to and from China, with demand being affected around Southeast Asia due to the Covid-19 novel coronavirus......»»

Category: blogSource: 247wallstFeb 21st, 2020

Coronavirus Set to Cost Airliners Over $29 Billion in 2020 Revenues

The airline industry has taken another hit on flights to and from China, with demand being affected around Southeast Asia due to the Covid-19 novel coronavirus......»»

Category: blogSource: 247wallstFeb 20th, 2020

U.S. stock futures retreat, Asia dips after Apple warns on virus impact

U.S. stock futures slipped from record levels on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China......»»

Category: topSource: reutersFeb 17th, 2020

Oil prices slip ahead of data pointers on impact of coronavirus on demand

Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China's coronavirus epidemic has affected oil demand......»»

Category: topSource: reutersFeb 16th, 2020

Asia Markets, US Futures Slump As Coronavirus Cases, Deaths Rise Even More

The market rally in Asia on Thursday subsided, ending the slow recovery that the markets were seeing after an initial selloff due to coronavirus sentiments following the extended Lunar New Year holiday in China. read more.....»»

Category: blogSource: benzingaFeb 13th, 2020

United Airlines pandemic response team takes center stage as coronavirus crisis worsens

As the United States-based carrier with the largest exposure in China and the rest of Asia, United's pandemic response team is front and center as the coronavirus spreads looks to be spreading across the region......»»

Category: topSource: bizjournalsFeb 4th, 2020

Oil prices rebound from China virus slump amid gingerly recovery across markets

Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand for fuel sent crude to its lowest level in more than a year......»»

Category: topSource: reutersFeb 4th, 2020

Oil prices rebound from China virus slump amid ginger recovery across markets

Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year......»»

Category: topSource: reutersFeb 3rd, 2020