Warren Buffett calls coronavirus outbreak 'scary stuff,' but says he won't be selling stocks despite threat of pandemic
Buffett said investors with a 10-to 20-year time horizon and focused on companies' earnings power will fare well in stocks, and that the outbreak has "not changed" his long-term outlook
Gold prices jump over 2% to highest since February 2013 as coronavirus spread spurs safe-haven demand
Spot gold was up 1.1 percent at $1,661.86 per ounce, after climbing to $1,678.58 earlier in the session. US gold futures rose 1 percent to 1,664.60.
Sensex tanks over 450 points, Nifty below 12,000-mark; coronavirus spread beyond China renews concerns over global growth
Tata Steel was the top loser in the Sensex pack, cracking over 4 per cent, followed by HDFC, ITC, ICICI Bank, Maruti, Hero MotoCorp, NTPC and PowerGrid.
IMF warns of global economic 'storm' as growth undershoots; says Sino-US trade tensions make global impact
Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.
According to the World Bank report, global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook.
Petrol, diesel prices rise for second day in a row; crude oil falls by over $1 on oversupply concerns
Petrol prices rose by 9-10 paise per litre while diesel became costlier by 7-8 paise per litre, according to data available on Indian Oil Corporation website.
Poor countries and poor people in rich countries have benefited from the surge in global trade over the past decade.
Apart from tax evasion, the G20 nations will also take up issues of global growth, ebola, climate change and energy security