TEL AVIV (Reuters) – Israeli private high-tech companies raised a record $2.74 billion in the first quarter but deals began falling apart in March due to the coronavirus outbreak, the Israel Venture Capital Research Center and ZAG law firm said on Sunday. ‮T‬he quarterly figure included 139 deals and was up 76% from a year […]

DUBAI (Reuters) – The National Iranian oil Refining and Distribution Company has completed a new oil products storage terminal in northwestern Iran, named after slain military commander Qassem Soleimani, the semi-official news agency ILNA reported on Saturday. The terminal, in Orumiyeh, has the capacity to store 118 million litres of oil, gasoline and kerosene, it […]

JOHANNESBURG (Reuters) – ArcelorMittal South Africa (ACLJ.J) has issued force majeure notices to customers and suppliers “where appropriate” as a nationwide three-week lockdown impacts the South African subsidiary of one of the world’s biggest steel manufacturers. Arcelormittal South Africa also said it has cut salaries for all employees with effect from this month, for a […]

NEW YORK (Reuters) – Oil prices soared over 30% – on track for the most in a day on record – following reports U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels. Brent futures rose $8.04, or 33%, […]

LONDON (Reuters) – Greenhouse gas emissions regulated under Europe’s carbon market fell by 8.7% last year, preliminary like-for-like data shown in the European Union Transaction Log database published by the European Commission and examined by carbon analysts at Refinitiv showed on Wednesday. The analysts added that the data was incomplete as not all installations covered […]

SAO PAULO (Reuters) – Brazilian supermarkets are planning to hire 5,000 temporary workers in Sao Paulo’s metropolitan region, the most severely affected by the coronavirus outbreak, to meet higher demand from consumers and replace employees under quarantine, according to the local association that represents the sector, Apas. Most of the new staff will be in […]

MUMBAI/NEW DELHI (Reuters) – India may slash or even cancel its planned borrowings from the market for April, looking at its options amid a nationwide lockdown prompted by the coronavirus outbreak, two finance ministry sources told Reuters. The travel curbs have disrupted routine bond market trading and volumes and prompted primary dealers, underwriters to bond […]

KUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity. The company has extended shipping times to cope with the demand surge, Executive Chairman Lim […]

KUALA LUMPUR (Reuters) – A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. Malaysia’s Karex Bhd makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories for more than a week due to […]

(Reuters) – U.S. stock indexes fell sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about the economic damage from the rapidly spreading coronavirus returned to the forefront. The Dow Jones Industrial Average fell 653.70 points, or 2.90%, at the open to […]