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Last week was an expensive one for most investors, even for billionaires. The combined fortunes of the world’s 500 richest people fell by US$444 billion as the coronavirus continued to spread -- and spread fear -- rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%,Read more..

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The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound. Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many areRead more..

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The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus. Pandemic fears pushed markets off a precipice last week, wiping more than US$5 trillion fromRead more..