OPEC members and their ally Russia are discussing a further cut to crude oil output at a meeting in Vienna because of China's coronavirus epidemic, Iraq's oil ministry said Tuesday. Crude prices have tumbled since the deadly outbreak in the world's second-biggest economy, which is a huge...

Hong Kong confirmed Monday it plunged into recession in 2019, suffering its first annual contraction in a decade as the city buckled under the twin pressures of the US-China trade war and months of furious pro-democracy protests. The data was released as the semi-autonomous city begins the...

China's central bank said Sunday it would pump 1.2 trillion yuan ($173 bln) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth. The People's Bank of China (PBOC) said in a statement it would launch a 1.2 trillion yuan reverse...

Some companies have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: * Electrolux said the epidemic could have a material impact if its Chinese suppliers were...