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Asia Markets Extend Wall St Losses as Traders Eye Growing Crisis

Equity markets fell in Asia on Thursday, tracking a sharp drop on Wall Street as the deadly coronavirus sweeps the planet, with the infection rate fast approaching one million and forcing countries to tighten already strict lockdown measures aimed at containing the disease.

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As Prices Fall, What Are the Threats to Oil Giant Iraq?

As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports.

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Bolsonaro Takes Down Virus Shortages Video after Uproar

Brazilian President Jair Bolsonaro posted a video online Wednesday of a market supposedly hit by shortages caused by coronavirus -- but removed it hours later after local journalists found the same market to be well-stocked.

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SGBL Delays Monthly Payments of Personal, Business Loans

Lebanon’s SGBL bank on Wednesday announced that it will postpone collecting the monthly payments for personal and business loans for the months of March, April and May 2020.

No penalties will be imposed and the delayed payments will entail a 0% interest rate, the bank said in a statement.

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Oil Down in Asian Trade

Oil fell in Asian trade Wednesday as a rally lost steam with Saudi Arabia flooding the market with crude and the escalating coronavirus pandemic sapping global demand.

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Trump Says Ready to Help End Saudi-Russian Oil-Price War

US President Donald Trump said Tuesday he was ready to help resolve an escalating oil price war between Russia and Saudi Arabia that has helped push crude benchmarks to 17-year lows.

The threat of a global recession triggered by the coronavirus pandemic had already hammered prices when Riyadh said last month it would raise exports after a production-cut agreement among top producers flopped in early March.

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U.S. Stocks Open Lower as Virus Cases Mount

Wall Street stocks opened lower Tuesday as the Federal Reserve unveiled a new vehicle to boost market liquidity and the coronavirus case count continued to climb.

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Dubai to Inject Capital into Grounded Emirates Airline

Dubai said Tuesday it will support Emirates Airline with a capital injection to help the carrier through the coronavirus crisis which has forced it to halt passenger flights.

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Virus Threatens Fragile Turkish Economy

The Turkish economy was healing after a recession when the new coronavirus struck, leaving Ankara scrambling to contain the damage with stimulus measures worth billions and facing demands to do much more.

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Oil Prices Rebound Strongly from 18-Year Lows

Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by policymakers to support the coronavirus-hit global economy.

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