Wall Street clobbered as crude plummets, virus crisis deepens

Wall Street suffered its biggest one-day loss since the 2008 financial crisis on Monday and recession worries loomed large as tumbling oil prices and ongoing coronavirus fears prompted investor panic on the anniversary of the U.S. stock market's longest-ever bull run. ...

Wall Street regulator paves way for home trading as coronavirus spreads

A U.S. regulatory body on Monday said it would temporarily waive some of its rules in order to allow thousands of traders to operate from home as the coronavirus spreads in New York. from Reuters: Money Ne...

Oil plunges 25%, hit by erupting Saudi-Russia oil price war

Crude prices suffered their biggest daily rout since the 1991 Gulf War on Monday as top producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply.A nearly 25% slump in oil prices triggered panic selling and heavy losses...

Exclusive: U.S. discussing non-renewal of Chevron's Venezuela waiver, moves to cut oil trade - sources

The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela's oil exports, including a move not to renew Chevron Corp's license to do business with state-run company PDVSA, sources familiar with the matter said. from Reuters: Money...

Top central banks appear primed to act to combat coronavirus risk

The world's top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair...

Truss urges WTO to crack down on unfair trade practices

Britain will use its new independent seat at the World Trade Organization to push for a crackdown on unfair trade practices and protectionism, trade minister Liz Truss will say in a speech on Tuesday. from Reuters: Money Ne...