
Oil, which plunged about 25% on Monday, rebounded on Tuesday along with equities and other financial markets. Brent futures rose US$2.69, or 7.8%, to US$37.05 a barrel by 2:24 p.m. EDT (1824 GMT), while U.S. West Texas Intermediate (WTI) crude rose US$2.73, or 8.8 percent, to US$33.86.

Brazil's far-right president Jair Bolsonaro called on his backers to take to the streets next weekend to show their support for him, even as critics said such a demonstration would be anti-democratic.

British Member of Parliament (MP) Nadine Dorries, a junior health minister, has tested positive for the novel coronavirus, she said in a statement on Tuesday. “I can confirm I have tested positive for coronavirus ... and have been self-isolating at home,” said the Conservative MP.

Incoming White House chief of staff Mark Meadows has self-quarantined after he may have come into contact with a person who tested positive for the coronavirus, his spokesperson said. Meadows is not exhibiting symptoms and a precautionary test came back negative, the spokesperson said on Twitter.

Brazilian football great Ronaldinho will remain in pre-trial detention in Paraguay after a judge on Tuesday rejected his lawyer's request that he be released on bail or to house arrest.

Britain's Prince Andrew has completely shut the door on cooperating with the FBI in its investigation into late sex offender Jeffrey Epstein, a US prosecutor said. Despite publicly offering his assistance, Prince Andrew has now completely shut the door on voluntary cooperation, said New York attorney Geoffrey Berman, who had already accused the prince in late January of failing to cooperate.

Madrid has announced that it will suspend classes at all schools and universities across the capital in an attempt to contain the Coronavirus (COVID-19). The measures come into effect this Wednesday 11th March, so parents have at least 24 hours to make alternative arrangements. It will affect well over a million students and one hundred thousand teachers across Madrid.

Argentina will revamp as much as US$ 68.8 billion in foreign law bonds as it restructures its debt, the government said in a decree on Tuesday, paving the way for tense negotiations as the country looks to strike a deal with creditors this month.

Argentine risk spreads on Monday shot to levels not seen since 2005 and sovereign bond prices fell 7.5%, as the coronavirus slammed global markets and the cash-strapped country prepared to restructure debt.

Argentina's health ministry announced on Monday five new confirmed cases of coronavirus, taking the total number to 17. All of them were described as imported cases since they involved people who arrived from overseas. They include a patient in Buenos Aires City, two from Chaco province, one from San Luis and the fifth in Patagonia Rio Negro province.