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Apple closes China stores until Feb 9 due to virus

Apple announced on Saturday the closure of its stores, corporate offices and contact centres in mainland China until February 9 due to the new coronavirus epidemic. The virus has prompted the government extend the Lunar New Year holiday through this weekend in a bid to contain its spread,...

Libya says oil shutdown losses have risen to $560 million

Losses from the closures of Libya's major oil fields and production facilities have continued to increase, surpassing $560 million for a 10-day period, the country's national oil company said. The closures came about when powerful tribal groups loyal to Libyan military commander Khalifa...

Oil falls 2% on spread of China virus

Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Brent crude LCOc1 was down $1.29, or 2.16%, at $58.52 a barrel by 1321 GMT, having...