Containers are being loaded onto a ship at Nantong Port, China. Associated Press
China must make every effort to maintain economic and social control as it battles the coronavirus epidemic, and avoid causing panic that could lead to secondary “disasters,” President Xi Jinping told senior officials earlier this month.
India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of companies and investors, three sources told Reuters on Saturday.
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.
Bitcoin dropped by 7% to $48,176 in a third straight session of losses while others such as Ether and XPR suffered double-digit tumbles.
Spot gold was steady at $1,783.28 per ounce by 05:45 GMT while US gold futures rose 0.1% to $1,783.90 per ounce.
Brent crude futures rose 37 cents, or 0.6%, to $65.77 a barrel while US West Texas Intermediate (WTI) crude futures jumped 45 cents, or 0.7%, to $61.88 a barrel.
Global stocks ground higher while oil ebbed on Thursday as investors diverged over whether to bet on economic recovery in the United States and other developed markets or worry about a surge in COVID-19 cases in India and elsewhere.