Bloomberg The lockdown that has gripped the original epicenter of the coronavirus for more than two months is finally set to end, spurring investors into action as they gauge which companies will benefit most. The resumption of movement in and out of Wuhan, scheduled for April 8, may serve as a template for markets the world over that have been ...

Bloomberg China’s top leaders pledged to widen the fiscal deficit and sell sovereign debt, signalling that Beijing is preparing larger-scale stimulus to counter the economic fallout from the coronavirus. China will increase its fiscal deficit as a share of gross domestic product, issue special sovereign debt and allow local governments to sell more infrastructure bonds as part of a package ...

Bloomberg Singapore advised the public to stay at home in its latest effort to curb the spread of the coronavirus, a day after Prime Minister Lee Hsien Loong said the city state is facing a grave economic challenge posed by the pandemic. The public should only head to malls for essential items such as food, the government said in an ...

Bloomberg Sugar mills in India, the world’s third-biggest shipper, will probably miss their export target this year as a nationwide lockdown to prevent the spread of the coronavirus disrupts logistics at ports. The country won’t be able to ship 5 million tons in the year to September, as expected earlier, because of a shortage of labor at ports and mills, ...

Bloomberg The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back. The entire biofuel industry is facing a reckoning. Long before the pandemic emptied roads and exacerbated oil price war, producers were battling chronic oversupply and trade upheaval. Now slumping demand and prices mean smaller producers and ...

Bloomberg US retail gasoline dropped below $2 a gallon for the first time since March 2016, before President Trump was elected. The average pump price fell to $1.99 per gallon on March 27, retail tracker GasBuddy said. The nation followed Texas and upper-Midwest states that went under the $2 threshold earlier in March. The decline comes as coronavirus-related lockdowns halt ...

Bloomberg The closures of schools, factories and offices to prevent spread of the coronavirus will “profoundly impact” the US power sector, according to BloombergNEF. Already in New York, electricity use dropped about 7% during the week ending on March 25, and prices are down about 10% as the state has ordered nonessential businesses to close, BNEF said in a report. ...

Bloomberg Cnooc Ltd, one of China’s three state-owned oil giants, said it will cut capital expenditure target this year, a signal that the government’s push to boost domestic production can’t withstand the collapse in crude prices. The 2020 plan is under review and the company didn’t give a new spending estimate. It will provide an update to investors at a ...

Bloomberg India’s renewables installations are set to slow after the country enforced a three-week lockdown to curb the spread of coronavirus, according to BloombergNEF. Wind power installations in 2020 by independent power producers could decline almost 18% from the prior year to 1.95 gigawatts, according to BNEF, which cut its estimate for the year by 24%. Solar power installations are ...

Bloomberg The International Monetary Fund (IMF) will provide $50 billion in emergency facilities to low-income and emerging-market countries to mitigate the economic shocks of the coronavirus, including $10 billion in concessional loans. “Our member countries need us more than ever,” the IMF said on its website Wednesday. “Discussions between IMF teams and country officials are advancing quickly.” The IMF has received ...