Closed down 2. 7 from mondays close. Investors rushed to sell off, for the second consecutive day, on fears of an economic downturn, sparked by shrinking demand for oil. Thee wti contract crashed below zero, as oil traders ran out of storage for may deliveries. Itit fell to minus 37, at one point, on monday. Y. The collapse is spilling into june futures contracts,s, which se fell briefly to 6 a barrel. Market sources say future prices for june could, also, enter negative territory, due to the oversupply, and an increasing lack of storage. Lockdown. Lockdown shut down the new york. Whatever you call it, many new yorkers have spent one month inside to protect themselves from the coronavirus. And, when they look out, many do not recognize their city. Nhk worlds katherine kobayashi reports. The city that never sleeps has gone into a slumber. A month ago, new yorkers saw businesses shut down, schools close, people disappear from the streets. The predicament has forced some toto reframe how
Further cooperation to minimize persontoperson contact, and we will reinforce the medical system during that period. Abe says the measure will cover kanagawa, sitate ma, chib, fukushima yoko, osaka and the capital, but they will not impose a lockdown as some governments have. Abe says he will try to maintain economic and social activities as much as possible. Public transportation and supermarkets will remain open. He says the plan will be finalilized after consulting wi the Governments Panel of experts on tuesday. The preparations come as the number of infections surges in major cities. In a growing number of those cases, Health Officials are unable to trace the root of transmission. The government says the medical system could collapse in areas that see a large number of cases. Across japan, there are now 4,000 confirmed infections, excluding 712 from the diamond princess cruise ship. About a quarter of confirmed cases are from tokyo. More than 250 new infections were reported over t
Country at ports of entry. If we decide to raise travel alert to level three. For 49 countries and territories based on the immigration control law, we will add these countries and territories to ban entries of people from these areas starting april 3rd. With these additional countries and territories, the total of 73 countries will be subject to our travel ban. Those countries include the United States, canada and most of europe. They also include indonesia and six other Southeast Asian countries as well as china and south korea. Additionally, anyone who enters japan including japanese nationals will be asked to self quarantine for two weeks. The measures follow a surge in the number of confirmed infections of people whove recently been abroad. Earlier in the day the Prime Minister said its currently not necessary to declare a state of emergency over the coronavirus. His comments come as the number of cases in the country continue to rise. Translator at this point, i dont think we are
Translator tokyo is on the brink of an explosisive increas of infections. We are trying to prevent a situation like that andnd t try to prevent further spread of virus levels. This is needed now. There are more than 2,100 confirmed cases across japan. Not including 712 cases from the diamond princess cruise ship. A total of 70 people have died including 11 from the cruise ship. Meanwhile, japan is set to further restrict entry into the country. Nhk has learned that the new measures will apply to the 49 countries and territories. The u. S. , canada, china and south korea as well as most of europe and some parts of Southeast Asia will be affected. Once the measures are in place, foreign nationals from a total of 73 countries and regions will be banned from entering japan. The restrictions also apply to people who have visited the designated countries within the past two weeks. Translator we have decided to raise the warning level for Infectious Diseases in response to the rapid spread of
How these cuts will be disk it and how willing will russia be . Certainly some optimism today. Jakarta is coming online. A pretty steep fall off of stocks yesterday. We are rising. Ingapore is up the csi 300 is up. 3 . The dollar is looking pretty mixed across asia. The reaction from that meeting has been seen in the korean won. We are seeing that strength. Nine out of 17 economists respected the hole. Some were expecting for a cut. We are looking ahead to governor lees press conference. We will hear more clues about the trajectory of where rates go and whether they will embark on this qe theme that we have seen in many Central Banks. The dollar yen, we are seeing a little come off of the yen. Were advancing on the back of the oil prices in the euro, premuch flat. Lets stick to oil. Prices are rising again ahead of that opecplus. The worlds Top Producers may be moving closer to a deal on curbing output. Volatility remains a key theme. Wti has seen another 24 hours of wild springs with