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MarketWatchFeb 17, 2020
Europe Markets: European stocks close higher as China cuts lending rate
European stocks advanced on Monday, edging higher as China took further steps to limit the fallout from the coronavirus halting activity in the world's second-biggest economy.

Forbes HeadlinesFeb 17, 2020
Nintendo Switch Shortages Could Hit US/Europe
The effects of the coronavirus continue to ripple through the global economy, and a new report suggests that Nintendo Switch shortages could hit the US and Europe by April.

MarketWatchFeb 17, 2020
NewsWatch: European stocks edge higher as China cuts lending rate
European stocks advanced on Monday, edging higher as China took further steps to limit the fallout from the coronavirus halting activity in the world's second-biggest economy.

Yahoo BusinessFeb 17, 2020
Alstom in Talks for $7 Billion Buyout of Bombardier Train Unit
(Bloomberg Opinion) -- The Covid-19 virus is a human tragedy for many who have been affected by it and it's having a profound impact on the lives of a large part of the Chinese population. The impact on the rest of the world of the disease's dislocation of the Chinese economy is yet to be fully felt. Forecasts of only a modest impact on oil demand worldwide are far too optimistic.A comparison of the latest forecasts from the world's three big oil agencies — the International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries — highlights the huge uncertainty that exists over the virus's repercussions for oil demand. As may be expected for a body representing oil producers, OPEC sees the impact as minimal, having just cut its first-quarter forecast for global oil demand by only 400,000 barrels a day. That looks like wishful thinking. The IEA's revision is three times as big, and if its forecast bears out, it's deep enough to tip the world into its first year-on-year drop in demand in more than a decade.China's own oil consumption is down sharply as factories stay closed and travel restrictions remain in place even after the extended Lunar New Year holiday comes to an end. Congestion on roads in major cities is far below normal levels. The chart below shows journey times in Shanghai, and other Chinese cities mirror that pattern. My colleagues at BloombergNEF estimate that China's jet fuel use is now down by 240,000 barrels a day from pre-virus levels, with departures from Chinese airports down by around 8
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