Global World Markets Live Updates Business Today
Business Today
Global Markets
Coronavirus effect: Asian shares tumble, oil prices plunge

Coronavirus impact: Markets are fully priced for at least a half-point rate cut from the Federal Reserve at its scheduled policy meeting on March 18, following last week's emergency easing, and a move toward zero not long after

Globally, metals companies are negatively impacted by lower prices, while stocks of drugmakers are also facing the heat from the uncertainty of the outbreak.
Analysts called the amount excessive, particularly since the plaintiff, Nicholas Murray, had already won $680,000 in compensatory damages over his claims
Just last week Xiaomi scrapped an already delayed plan to offer equity in China, a move aimed at attracting mainland investors hungry to buy into global companies
A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit, forex traders said