WHITE HOUSE – With stock prices plunging amid an oil price war and the coronavirus crisis, U.S. President Donald Trump is to meet Monday afternoon with his economic advisors, including Treasury Secretary Steven Mnuchin, who will present him with policy options to counter the quickly emerging threats to the economy. White House sources […]
LONDON – Analysts warn that Saturday’s drone attack on two Saudi oil facilities, which appear to have shattered the prospect of a rapprochement between Tehran and Washington, could push the price of a barrel of oil as high as $100. The drone strike came as it emerged that U.S. President Donald Trump had been thinking […]
WASHINGTON – Stock markets in Japan fell Thursday, but not as drastically as the plummets experienced by U.S. markets a day earlier that amplified recession fears. Tokyo’s Nikkei index closed down 1.2% Thursday. Elsewhere in Asia, China’s Shanghai Composite Index finished up 0.3% and Hong Kong’s Hang Seng was up 0.8%, while markets in […]
Worries about China’s slowing growth and further drops in oil prices sparked a global stock selloff on Friday. The cost of a barrel of oil slid below $30 for both the Brent and West Texas Intermediate benchmarks. In New York, the S&P 500 fell 2.7 percent in afternoon trading, while the Dow was off nearly […]