Coronavirus
Oil Rallies for Fourth Day as Virus Fears Show Signs of Easing
Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.
Coronavirus Is Wreaking Havoc on Global Mail Delivery
In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.
February 13, 2020Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus
Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.
Toyota, Honda Extend China Shutdowns as Virus Gathers Pace
Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.
Top Steelmaker Sounds Alarm as Coronavirus Spreads
The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.”
Coronavirus Has Oil Traders Seeking Ships to Hoard Unsold Crude
Oil traders and sellers are making more inquiries for supertankers to hoard crude at sea in the latest indication of the crushing impact the coronavirus is having on demand in the world’s biggest importer.
Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage
Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.
Factories Brace for Virus Blow Just as Demand Starts to Pick Up
The slow improvement in global manufacturing could be about to take a pause — or worse — as firms brace for supply-chain disruptions and a blow to demand from the spread of the coronavirus.
Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market
The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea.
Coronavirus Emergency Declared; WHO Downplays Trade Impact
The World Health Organization declared the coronavirus outbreak that started in China a global emergency Jan. 30 after the number of cases worldwide spiked more than tenfold in a week.