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CNBC BusinessFeb 23, 2020
Coronavirus updates: Austria halts train traffic with Italy, Turkey closes Iran border
Turkey will close its border with Iran as a precautionary measure after the COVID-19 coronavirus outbreak in the country worsened.

Yahoo BusinessFeb 23, 2020
Korea Confirms 161 New Cases as Outbreak Spreads: Virus Update
(Bloomberg) -- China's novel coronavirus outbreak is spreading further in countries outside of Asia, raising concerns about the prospect of a pandemic as trading in the region got underway for the week.South Korea said it had 161 additional virus cases, along with two more deaths, to bring the total death toll there to seven. The country had earlier raised its infectious-disease alert to the highest level after a 20-fold increase in cases.Europe's concerns were also heightened over the weekend, which saw Austria halt a train from Italy for fear of two infected passengers. This came after Italy -- now the virus's epicenter on the continent -- canceled the Venice Carnival and other events.Key DevelopmentsBREAKING: South Korea says 161 more cases; death toll at 7Cathay Pacific cuts further capacityChina cases rose to at least 76,936 with 2,442 fatalities over weekendItaly infections soarIMF's Georgieva says outbreak puts recovery at riskClick VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.Korea's Ruling Party Urges Extra Budget (7:37 a.m. HK)The Democratic Party of Korea assessed that the nation, which has hundreds of virus cases, will need more than 10 trillion won ($8.3 billion) in extra budget to support the economy and provide aid for losses related to the outbreak, according to the Seoul Shinmun newspaper, citing an unidentified party official.Cathay Slashes More Capacity (7:12 a.m. HK)Hong Kong carri

Yahoo BusinessFeb 23, 2020
Sellers Tighten Grip on S&P 500 as Outbreak Snaps Months of Calm
(Bloomberg) -- American stocks are at risk of the first three-day decline since early December as anxiety about the spread of coronavirus continued to upend bullish sentiment that had sent indexes to records as recently as last week.Investors are reprising a pattern that has prevailed in U.S. markets for almost a year, in which periods of near-euphoric gains are intermittently broken by sharp reactions to outside threats. Futures are pointing to declines that would leave equities down almost 3% since Wednesday as the deadly virus spread in countries including Italy and Iran.High valuations may be exacerbating losses. The S&P 500 started last week trading at more than 22 times earnings while the Nasdaq 100 Index's multiple was nearly 30, both among the highest in decades. Beyond coping with an increasingly extensive human toll, equity traders have struggled to estimate the outbreak's impact on global economies and supply chains."World stock markets are not priced well for a decline in earnings that will surely come as the world's factory in China is seeing unprecedented upheaval," saidChris Rupkey, chief financial economist for MUFG Union Bank. "Until investors get a better read on when China is coming back on line, it's clearly sell now and see what happens later."S&P 500 Index contracts expiring in March slid as much as 1.5% in early Asian trading Monday after finance chiefs and central bankers from the world's largest economies said they see downside risks to growth persisting as

Yahoo BusinessFeb 23, 2020
Oil prices fall 2% on demand concerns as coronavirus spreads outside China
Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran.


Google Business NewsFeb 23, 2020
Another Study Claims Wuhan Seafood Market May Not Be Source of Covid-19 Outbreak - Caixin Global
Another Study Claims Wuhan Seafood Market May Not Be Source of Covid-19 Outbreak  Caixin GlobalDon't buy China's story: The coronavirus may have leaked from a lab  New York Post How the Coronavirus Revealed Authoritarianism's Fatal Flaw  The AtlanticNew study further proves Wuhan seafood market not the source of COVID-19  CGTN

Reuters BusinessFeb 23, 2020
Shares drop, gold surges as coronavirus fears trigger flight for safety
Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.

Yahoo BusinessFeb 23, 2020
U.K. Passengers Infected; Italy Halts Carnival: Virus Update
(Bloomberg) -- Italy canceled public events in the north of the country including the Venice Carnival after coronavirus infections rose to 140 and a travel ban affecting about 50,000 people southeast of Milan was implemented. South Korea raised the country's infectious-disease alert to the highest level after a 20-fold increase in cases in five days.The U.K. said four passengers who arrived Saturday from the Diamond Princess cruise ship in Japan tested positive for the virus. Three passengers on the ship have died while another tested positive at home, despite a negative reading during the ship's quarantine.Inside China, a study showed how extended stays on ventilators are straining hospitals at the disease's epicenter. China's top leadership pledged further fiscal and monetary steps to help growth rebound, while finance chiefs from the world's biggest economies, gathering in Riyadh, Saudi Arabia, fretted over the risks.Key DevelopmentsSouth Korea raises alert to highest level as cases reach 602Italy infections reach 140China cases rose to at least 76,936, with 2,442 fatalitiesIMF's Georgieva says outbreak puts recovery at riskClick VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.New Cases in Italy Reach 140 (2:20 p.m)Italian authorities reported cases in three regions: 110 in Lombardy; 21 in Veneto and nine in Emilia Romagna. Of those, 25 are in intensive care. Italy reported its third coronavirus death on

Google Business NewsFeb 23, 2020
Officials Scramble To Contain Coronavirus Outbreaks In South Korea, Iran And Italy - NPR
Officials Scramble To Contain Coronavirus Outbreaks In South Korea, Iran And Italy  NPRCoronavirus infections surge in Italy, South Korea as virus kills at least 8 in Iran  Fox NewsCoronavirus looks more like a pandemic: Italy, South Korea, and Iran report cases  Vox.comChina still in crucial stage of coronavirus battle, says Xi  ReutersCoronavirus: Sou

Reuters BusinessFeb 23, 2020
G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup
Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021.

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UPDATE 2-G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup (Reuters Company News)
G20 finance heads see modest growth pickup, to monitor coronavirus (Reuters Business)

Yahoo BusinessFeb 23, 2020
Here's what makes the coronavirus similar to — and deadlier than — SARS
The coronavirus has now spread to more countries and generated fears about global growth.


Yahoo BusinessFeb 23, 2020
Oil Price Fundamental Weekly Forecast - Industry Preparing for Demand Shock Due to Coronavirus
Even if the outbreak begins to recede, the damage is done, which means crude oil demand growth will take a near-term hit before bouncing back over the remainder of the year.


Google Business NewsFeb 23, 2020
The ugly side to the booming U.S. economy, in one telling chart - MarketWatch
The ugly side to the booming U.S. economy, in one telling chart  MarketWatchA Fed Governor And Watchdog Boss Made A Serious Bitcoin And Crypto Warning  ForbesWhy the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market  MarketWatchView Full Coverage on Google News

Reuters Company NewsFeb 22, 2020
WRAPUP 5-New coronavirus cases fall in China, but WHO concerned by global spread
China reported a sharp fall in new deaths and cases of the coronavirus on Saturday, but world health officials warned it was too early to make predictions about the outbreak as new infections continued to rise in other countries.
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