Page 24 - Current Transformer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This is the briefing, i'm sally bundock and these are our top stories: market meltdown — asian shares post massive losses as oil prices plummet as opec and russia face off on a price war. despite a call to cancel all non—essential travel, some conventions in the middle east are relying on super powers to fight the coronavirus. let's show you the financial markets in asia at the moment. you can see the heavy losses on share markets. the n strengthening and oil prices are falling. energy companies are seeing their shares sold off dramatically as the price of oil plummets.

Impact on businesses, staff and productivity, but also limiting travel, tourism and large public events. the dramatic drop follows global falls as a row between russia and saudi saw oil prices plunge by more than a fifth. the day has already been dubbed "black monday" by analysts who described the market reaction as "utter carnage". a government minister has said there is "no need" for coronavirus stockpiling, as worried shoppers clear shelves. tesco and waitrose are among retailers restricting sales of essential food and household items, in—store or online. shoppers have reported shortages ...

To self—isolate. now the business headlines on bbc news. the uk‘s leading share index is facing its worst day since the 2008 financial crisis after billions were wiped off the value of top shares. stocks were already reeling from fears of the impact of the coronavirus as cases globally continue to rise, having a severe impact on businesses, staff and productivity, but also limiting travel, tourism and large public events. the dramatic drop follows global falls as a row between russia and saudi saw oil prices plunge by more than a fifth. the day has already been dubbed "black monday" by ana...

The city. what are investors saying about where this could go? clearly, we are seeing about where this could go? clearly, we are seeing some about where this could go? clearly, we are seeing some exceptional moves and the concerning factor here is that now we have two shocks hitting the global economy and markets, not just the coronavirus but it is the oil collapse and their related implications for the whole world, all the sectors. clearly there is a lot of panic in the market. i think the mindset right now with most traders and investors is wait and see. traders and investors is wait and see...

A group of oil—producing nations got pull some oil—producing nations got pull some oil back from the market to support prices because when the economy is weak, people don‘t want oil. they got together and said let‘s cut a little bit more and in order to do this, let‘s get russia which is not a member of that club to join in. u nfortu nately a member of that club to join in. unfortunately those members fell out, they did not agree the price fell about 9% on friday and over the weekend, saudi arabia said those nine or 10 million barrels a day that we put onto the market, we will put th...