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Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week's steep sell-off.
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French automaker Citroën has unveiled the Ami, a tiny electric car that's designed from the outset to be as cheap as possible. The car isn't very fast and it looks a bit like a washing machine, but it only costs €6,000, or the equivalent of about $6,600.
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It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week.
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Foreign investors are cutting their exposure to Asian markets at the fastest rate in years, as the coronavirus outbreak continues to spread globally.
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Countries in Latin America and sub-Saharan Africa have taken out at least $152bn in oil, mineral and metal-backed loans from China since 2004, money that has contributed to crippling debt levels, according to a report on Thursday by a Washington-based non-governmental organisation.
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Microsoft Inc said on Wednesday it does not expect to meet its quarterly revenue forecast for its Windows and personal computing business, joining Apple Inc in warning of the financial effects of the coronavirus outbreak.
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- Ramaphosa proposes deep wage cuts. Cue showdown with unions
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