(Bloomberg) -- Stocks fell in most of the world while U.S. index futures edged lower in a sign the risk-off move that hit markets at the start of this month may have further to run. The dollar climbed.The Stoxx Europe 600 slumped at the open, with all 19 industry sectors down. Contracts on the three main American indexes traded in the red during the entire Asia session, before paring some of their declines. Shares in Hong Kong saw the bulk of losses in Asia, followed by markets in Seoul and Singapore, though volumes were light due to holidays in China and Japan.China’s yuan held Friday’s slide in offshore trading amid concern tensions with the U.S. are increasing. Treasuries drifted, while most European bonds edged lower. Oil slipped, with WTI futures declining more than Brent contracts.Global stocks begin the week declining for a third straight session, a streak not seen in almost...
(Bloomberg) -- President Donald Trump forecast as many as 100,000 U.S. deaths from the virus. He accused China of trying to cover up the outbreak and promised a conclusive report on the pandemic’s Chinese origins.In Asia, factory output in several countries slumped to record lows. New cases jumped in Thailand after a cluster of infections at a detention center. Australia suffered an outbreak at a Melbourne meatworks, echoing similar incidents at U.S. beef plants.New Zealand reported no additional cases for the first time since its March lockdown. Hong Kong may reopen movie theaters and gyms this week, broadcaster Cable TV said. Germany added the lowest number of new infections in five weeks.Key DevelopmentsVirus Tracker: global cases pass 3.5 million; deaths top 247,000January? Autumn? Doctors debate arrival time for a vaccineChina trade deal turns into potential liability for TrumpMainland Chinese buyers shun Hong Kong propertyItalian leader faces revolt against lockdown exit planSubscribe...
The Wall Street bank raised its 2021 forecast for global benchmark Brent crude prices to $55.63 per barrel from $52.50 earlier. The bank hiked its estimate for U.S. West Texas Intermediate (WTI) crude to $51.38 a barrel from $48.50 previously....
(Bloomberg) -- U.S. stock-index futures slid as investor sentiment cooled amid disappointing data and political tensions between the U.S. and China.Contracts on the S&P 500 Index were down 0.9% as of 2:45 p.m. in Tokyo. Futures fell 0.9% on the Nasdaq 100 Index and 1% on the Dow Jones Industrial Average. Oil snapped a three-day gain as optimism over a nascent recovery in demand was replaced by worries about a supply glut.President Donald Trump promised a “conclusive” report from the U.S. government on the Chinese origins of the coronavirus outbreak, adding that he has little doubt that Beijing misled the world about the scale and risk. Trump said tariffs would be “the ultimate punishment.” Global confirmed virus cases have surpassed 3.5 million, with deaths topping 247,000. Asian stocks also fell amid the risk-off mood on Monday. Purchasing managers indexes across Southeast Asia slumped further below 50, the dividing line between contraction...
Norwegian Air's shareholders began a pivotal meeting on Monday to vote on a plan to convert debt into equity and raise more cash that could determine whether the budget carrier survives the coronavirus pandemic. The airline has won "strong support" from aircraft lessors for its plan, it said ahead of the online meeting, which is scheduled to last until 0830 GMT. With 95% of its fleet grounded amid the COVID-19 outbreak, Norwegian Air could run out of cash by mid-May unless shareholders back the plan....
Norwegian Air has won "strong support" from aircraft lessors for its plan to convert debt into equity, the carrier said on Monday, as shareholders prepared to cast their vote on the scheme in a meeting set to begin at 0630 GMT. With 95% of its fleet grounded amid the coronavirus pandemic, Norwegian Air could run out of cash by mid-May unless shareholders back the plan. "With the significant contributions from lessors and bondholders, the company expects to convert more than 10 billion crowns ($958 million) in debt to equity," it said in a statement....
