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  • HSBC building in the Canary Wharf district of London, U.K.

    HSBC set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices.

  • gains@ BEIJING, March 18- London copper prices dived below $5,000 a tonne for the first time since November 2016 on Wednesday, as a base metals rally driven by mine closures in Peru gave way to renewed fears about the hit to demand from the coronavirus. Prices had earlier been supported by miners' move to shutter and wind down operations in Peru after the South...

  • LAUNCESTON, Australia, March 17- Amid carnage in the oil markets, and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. Coking coal futures on the Singapore Exchange, which mirror The Steel Index price for Australian free-on-board cargoes, ended at $159.98 a tonne on Monday, up 17.7% since the...

  • LONDON, March 16- Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Brent crude was down $4.03, or almost 12%, to $29.82 a barrel by 1339 GMT. To combat the economic fallout of the pandemic, the Fed on Sunday slashed its key rate to near zero, triggering an unscheduled rate cut by the Reserve Bank of New Zealand to a record low as markets in Asia...

  • March 16- Nike Inc's revenue could fall by a third in the fourth quarter, Cowen estimated, as the sportswear giant reels from store closures, supply disruptions and the suspension of this year's NBA season due to the coronavirus pandemic. Major sporting leagues such as the NBA and the NFL have also suspended their seasons, while companies including Nike,...

  • The U.S. Centers for Disease Control and Prevention on Sunday issued https://www.cdc.gov/coronavirus/2019-ncov/community/large-events/mass-gatherings- r e a d y- f o r- c o v i d- 1 9. h t m l a guidance to cancel or postpone events throughout the country that consist of 50 people or more for the next eight weeks. AMC operates 1,004 theaters and 11,041 screens in 15...

  • *Investors speculating BoE could cut rates before March 26. LONDON, March 16- New governor Andrew Bailey promised that the Bank of England would deliver further "prompt action" when needed to help Britain's economy weather the hit from the global coronavirus pandemic. Bailey, who succeeded Mark Carney as governor on Monday, told BBC News that the BoE was "very keen"...

  • LONDON, March 16- Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Brent crude was down $3.36, or 9.9%, to $30.49 a barrel by 1134 GMT. To combat the economic fallout of the pandemic, the Fed on Sunday cut its key rate to near zero, triggering an unscheduled easing by the Reserve Bank of New Zealand to a record low as markets in Asia...

  • LONDON, March 16- Japan's yen surged 2% on Monday with traders seeking cover in safe-haven currencies as fears about the coronavirus trumped central bank efforts to ease the pain, while the dollar stood tall despite the U.S. The Fed cut U.S. interest rates on Sunday and said it would expand its balance sheet by at least $700 billion in the coming weeks.

  • *74 Primark stores in Italy, France, Spain, Austria closed. Shares in AB Foods, which also owns major sugar, grocery, ingredients and agriculture businesses, slid 13% by 1108 GMT after it also said it could not provide earnings guidance for the full 2020-21 year due to the uncertain outlook. Peoples immediate priorities are in other areas, " AB Foods' finance director...

  • LONDON, March 16- U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. To combat the economic fallout of the pandemic, the Fed on Sunday cut its key rate to near zero, triggering an unscheduled easing by the Reserve Bank of New Zealand to a record low as markets in Asia opened for trading this...

  • *FTSE 100 down 7.5%, FTSE 250 down 10.4%. *UK stocks hit lowest level since Oct 2011. March 16- UK shares mirrored steep declines in global stock markets on Monday, as coordinated stimulus actions by central banks across the world failed to calm panic-stricken investors who feared deeper economic damage from the coronavirus pandemic.

  • LONDON, March 16- U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Brent crude was down $2.48, or 7.3%, to $31.37 a barrel by 0906 GMT. To combat the economic fallout of the pandemic, the Fed on Sunday cut its key rate to near zero, triggering an unscheduled easing by the Reserve Bank of New Zealand to a record low as markets in Asia opened for trading this...

  • Analysts said trading was thin and it was difficult to read too much into market signaling, although a stronger picture would likely emerge when New York markets opened later on Monday and trading picked up. "The Fed has now done a lot in terms of rates and QE, but the question in markets is whether monetary policy can solve the problems being created by coronavirus,"...

  • *FTSE 100 down 5.3%, FTSE 250 down 6.8%. Airline stocks took the biggest hit as Britain's government looked set to discuss how to help the sector after major airlines including Virgin Atlantic and easyJet said the state would need to step in to prevent a collapse. In a bid to improve liquidity and ease strains in global funding markets, the U.S Federal Reserve...

  • LONDON, March 16- The dollar stabilised after an initial fall on Monday following a surprise U.S. The Fed cut U.S. interest rates to a target range of 0% to 0.25% on Sunday and said it would expand its balance sheet by at least $700 billion in the coming weeks. New Zealand's central bank also slashed rates in an emergency move on Sunday.

  • LONDON, March 16- The dollar stabilized after an initial fall on Monday following a surprise U.S. The Fed cut U.S. interest rates to a target range of 0% to 0.25% on Sunday and said it would expand its balance sheet by at least $700 billion in the coming weeks. New Zealand's central bank also slashed rates in an emergency move on Sunday.

  • *'Once-in-500-year' floods, fires now more frequent. SYDNEY/ LONDON, March 16- Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been only too willing to offer them long-term loans at rates in line with the national average,...

  • TOKYO, March 16- Hospitals in Nagoya city in Japan's industrial heartland have more coronavirus patients than they can treat, forcing transfers to nearby areas and offering a glimpse of the challenges the outbreak poses for a country with a huge elderly population. Japan has closed schools and canceled public events, which experts say has helped prevent an...

  • TOKYO, March 16- Hospitals in Nagoya city in Japan's industrial heartland have more coronavirus patients than they can treat, forcing transfers to nearby areas and offering a glimpse of the challenges the outbreak poses for a country with a huge elderly population. Japan has closed schools and cancelled public events, which experts say has helped prevent an...