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Day: March 16, 2020

Mar 16
Stocks in Asia Pacific tumbled on Monday

Stocks in Asia Pacific tumbled on Monday as the U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing program in an emergency move on Sunday. Stocks The S&P/ASX 200 in Australia led losses among the region’s major markets as it dropped 9.7% to close at 5,002. Mainland Chinese stocks dropped on the day […]

Mar 16
U.S. crude falls below $30 as Fed move fails to calm markets

U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month […]

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