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Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut

An OPEC+ delegate said there were "positive signs" after a separate, earlier OPEC+ meeting had finished.

SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

Gold set for biggest weekly gain since Oct 2011 over Coronavirus fears

The metal has gained as much as 5.5% so far this week as worries over the coronavirus sent investors scurrying for safe-havens

Falling rupee will push up borrowing cost, says HPCL chief M K Surana

On Friday the Indian rupee slipped below 74 to the dollar for the first time in over 16 months.

Pfizer may work with BioNTech to develop coronavirus vaccine: R&D head

Dolsten said that Pfizer, which already collaborates with BioNTech on the development of mRNA-based vaccines for influenza, is also interested in the company's efforts in coronavirus

Britain spent 4.4 billion pounds of taxpayers' money to prepare for Brexit

The National Audit Office said in a report that most of the money was spent on staff costs, building new infrastructure and paying for external advice

Coronavirus impact: Airbus fails to win any new aircraft orders in February

However, Airbus had an unusually strong January and Boeing rebounded in February with a Japanese order for a dozen 787 wide-body jets

Coronavirus could knock $211 bn off APAC economies, Japan most vulnerable

Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock

Wall Street plunges as coronavirus outbreak slams bank, travel stocks

The Dow Jones Industrial Average fell 969.17 points, or 3.58%, to 26,121.69

Apple supplier Foxconn's revenue hammered by coronavirus outbreak

The Taiwanese firm, which assembles Apple's iPhones, saw revenue sink 18.1% in February compared with a year earlier - the biggest monthly fall since March 2013 and the third straight month of decline

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Alibaba Group to offer $144 million in subsidies as shopping suffers

Alibaba's announcement comes as the e-commerce giant wrestles with depressed consumer spending in China

Wall Street opens 2% lower as Coronavirus hits California, airline stocks

The benchmark index, however, is still about 7.5% below its record close on Feb. 19 and fears about the economic fallout remain at the forefront of investors' minds

Oil rises more than 1% on smaller-than-expected rise in crude stocks

Brent crude rose by 78 cents, or 1.5%, to $51.91 per barrel by 0202 GMT

Gold gains on coronavirus risks, but rise in equity market caps gains

The dollar recovered following recent declines, finding support from robust jobs data from the United States on Wednesday

More than rhetroic needed to reignite Malaysian palm oil exports to India

Malaysian supplies of palm oil to India have slowed to a trickle since Delhi adopted a hardline stance after Mahathir criticised actions in Kashmir in September

Gold prices little changed as strong equities counter coronavirus fears

There are signs the epidemic has begun to weigh on business sentiment in the United States

After slashing rates, US Fed has more options to fight coronavirus effect

Officials will also be looking for any sign of real change on the horizon, in terms of slower growth or higher unemployment, he said

Taxmen threaten to stall work in protest if working conditions don't change

Corporation and income tax collection for the current year is likely to fall for the first time in at least two decades

Microsoft's Silicon Valley staff to work from home amid coronavirus fears

Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25