Global Factory Revival in Doubt as Coronavirus Spreads
Manufacturing activity around the world appeared to be steadying after a long slowdown, but is set to suffer a fresh setback due to China's isolation in response to the coronavirus outbreak.
Saudis Weigh Large Oil Cuts in Response to Coronavirus
Saudi Arabia is considering a drastic, short-term oil production cut as it seeks to respond to the impact of the virus on crude demand, according to OPEC officials.
U.S. Futures Tick Higher As China Drops
U.S. stock futures and European equities drifted higher, even as Chinese markets tumbled sharply in the first day of trading following the extended Lunar New Year break.
Hong Kong Suffers First Annual Recession in a Decade
Hong Kong's economy contracted by 1.2% last year, as global trade turbulence and months of antigovernment protests pushed the city into its first annual recession since the depths of the global financial crisis.
EU Sets Out 'Ambitious' Priorities for Future Brexit Trade Deal
The European Union is looking to agree a "highly ambitious" trade deal with the U.K., but it will depend on British guarantees to ensure fair competition, the bloc's chief negotiator said.
The New Threat to Energy-Company Bonds: Virus Fears
Investors have lost their recent appetite for energy companies' debt as the coronavirus has spread, creating challenges for companies still needing financing.
Coronavirus Isn't Chinese Stocks' Only Headache
Chinese stocks kicked off the Year of the Rat with their worst day since 2015, down 8% in Shanghai on Monday. Barring much stronger steps from the government to boost sentiment, the market probably still has lower to go.
Trump Administration Denying More Tariff Exemption Requests
Thousands of companies have asked to be exempt from the U.S. tariffs placed on Chinese-made goods, but the approval rate has sunk to just 3% in the latest round of levies, down from 35% previously.
How Long Can Chinese Property Developers Go Without Sales?
The disruption to travel and work, following the coronavirus outbreak, will slow China's property sales. A prolonged freeze in much economic activity would hit a funding mechanism that has become much more important to Chinese real-estate developers in recent years.