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  • Feb 25- Emerging markets rose on Tuesday after steep declines in the previous session when a surge in the number of coronavirus cases outside China spurred pandemic fears and heightened worries about greater economic damage from the outbreak. It had lost 2.7% on Monday to mark its steepest one-day loss in nearly seven months, after South Korea, Italy and Iran...

  • *FTSE 100 down 0.2%, FTSE 250 flat. The blue-chip FTSE 100 lost 0.2%, a day after logging its worst session since 2015 on a surge in virus cases in South Korea, Iran and Italy. Wall Street also suffered its worst day in two years, prompting the White House to seek about $2.5 billion from Congress to fight the virus.

  • LONDON, Feb 25- Sterling rebounded on Tuesday as markets worrying about the spread of coronavirus found some stability, encouraging investors to pare back their rush into dollars that had sent the British currency lower. Traders of the pound will also be watching for developments in Brussels and London ahead of the European Union and Britain beginning their...

  • LONDON, Feb 25- Euro zone government debt markets stabilised on Tuesday, with Italian bonds on steadier ground after suffering their worst day in over two months as Italy grappled with the worst outbreak of coronavirus in Europe. The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first...

  • LONDON/ MILAN, Feb 25- Investment banks including Citigroup Inc, Credit Suisse and Nomura Holdings Inc have curbed trips to Italy on fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, four sources told Reuters. Nomura has instead taken a more rigorous approach putting all countries affected by coronavirus...

  • SINGAPORE, Feb 25- Singapore Airlines Ltd has cut nearly 10% of its capacity, frozen recruitment for ground positions and deferred spending as it deals with lower demand due to the coronavirus outbreak, according to an internal memo seen by Reuters. "We will continue to be nimble and flexible in adjusting our capacity to match the changing demand patterns in the...

  • Three-month copper on the London Metal Exchange rose 0.3% to $5,708.50 a tonne by 0457 GMT, aluminium was unchanged at $1,699 a tonne, nickel advanced 1.1% to $12,565 a tonne, zinc rose 0.2% to $2,049 a tonne and lead increased 1% to $1,838 a tonne. *CHINA: In China, 86.3% of nonferrous metal firms have gone back to work after an extended Lunar New Year break due to the...

  • *Italy infections jump to 220, 7 dead. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus spreads in Europe and the Middle East. Countries around the world are stepping up efforts to prevent a pandemic of the flu-like virus...

  • BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. While health experts have expected limited outbreaks...

  • Feb 24- State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they "play games." Rosneft absorbed TNK Trading International...

  • *Italy infections jump to 220, 7 dead. BEIJING/ SEOUL, Feb 24- The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities.

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe were on track to fall by the most in two years on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact to the global economy.

  • *Coronavirus cases jump in South Korea, Italy and Iran. NEW YORK, Feb 24- Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases jumping in Iran,...

  • LONDON, Feb 24- The Bank of England's chief economist Andy Haldane said on Monday he did not think the trade war between the United States and China meant globalisation had come to an end. Speaking to an audience in central London, Haldane said: "Im not yet at the point of calling peak globalisation". Despite higher tariffs between the United States and China,...

  • LONDON, Feb 24- The Bank of England's chief economist Andy Haldane said on Monday he did not think the trade war between the United States and China meant globalization had come to an end. Speaking to an audience in central London, Haldane said: "Im not yet at the point of calling peak globalization." Despite higher tariffs between the United States and China,...

  • *Italy infections jump to 150, 6 dead. BEIJING/ SEOUL, Feb 24- With coronavirus cases rising in Italy and several Middle East countries dealing with their first infections, fears of a global pandemic sent markets into a tailspin, even as China eased curbs with no new cases reported Beijing and other cities. But China's actions, especially in Wuhan, had probably...

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the global economy.

  • BRUSSELS, Feb 24- The 27 European Union countries expect to adopt on Tuesday their negotiating mandate for talks about their relationship with Britain after Brexit, paving the way for the launch of talks as early as next week, a senior EU diplomat said on Monday. Britain left the EU on Jan. 31 and the two sides have been talking tough in the run-up to a new round of...

  • *Coronavirus cases jump in South Korea, Italy and Iran. NEW YORK, Feb 24- Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases jumping in Iran, Italy...

  • NEW YORK, Feb 24- The Japanese yen jumped versus the U.S. dollar on Monday in a risk-off move spurred by the rise in coronavirus cases. Italy, South Korea and Iran reported sharp rises in coronavirus cases on Monday, but China eased curbs as the infection rate there slowed and a visiting World Health Organization team said a turning point had been reached in the...