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E-commerce giant Alibaba Group Holding Ltd said that they had plans to buy a minimum of 10% of Yunda Holding Co Ltd according to two sources with knowledge in the matter. Alibaba has been leaning on buying the stake from Yunda’s major ...
South Korean screen manufacturer, Samsung Display said on Tuesday that it would be halting all production of LCD panels in South Korea and China by the end of 2020. The company is doing this in order to produce more advanced screen panels, ...
The dollar climbed against the Japanese yen on Tuesday after businesses and investors covered a shortfall in the U.S. currency, but overall market sentiment remained gloomy due to intensifying risks of the pandemic. The Chinese yuan remained ...
Developing economies in East Asia and the Pacific, as well as China, are expected to suffer steep decline in growth due to the coronavirus pandemic, according to the World Bank on Monday. The bank announced that specific growth forecasts were ...
Oil prices strongly rebounded after United States President Donald Trump and Russian President Vladimir Putin finally decided to meet and talk about global energy markets on Tuesday. Oil markets have plunged to 18-year lows shortly after the ...
General Motors GM.N directed suppliers to halt preparations on Monday for the updates of SUVs and other future models for the next year 2021 because of the coronavirus pandemic. General Motors urged its suppliers to delay their planned launch ...
The dollar broke a week of declines as the Japanese yen climbed on Monday, while restrictions around the world intensified and markets remained scrambling. The dollar rose against the euro, pound, Australian dollar, and New Zealand dollar. ...
Crude oil benchmarks suffered steep falls on Monday due to a worsening coronavirus pandemic and continuing price war between Saudi Arabia and Russia. Brent hit its lowest since November 2002 after falling 6.7%, or $1.68, at $23.25 per barrel. The ...
Asian shares underperformed on Monday and oil prices sunk further as pessimism emerged that the worldwide shutdown and restrictions could last longer, impacting the global economy despite central banks’ necessary measures. Japan’s ...
The Reserve Bank of New Zealand (RBNZ) disclosed its decision of utilizing more instruments to increase the liquidity of business sector and to aid market activities in order to minimize disruptions brought by the novel coronavirus. RBNZ released ...
The Hong Kong Dollar outperformed the U.S. Dollar, propelling it into a record gain above 0.51% for March in 16 years. The HK Dollar is perceived to climb further in the coming months as local borrowing rates are predicted to stay higher than ...
Indonesian stocks plummeted to a level that resulted in a temporary trading halt as the number of infected cases by the coronavirus locally and globally increased significantly. The Jakarta Composite Index plunged by 5%, ending its 2-day gain ...
The British luxury clothing retail company Ted Baker (TED.L) on Monday promoted Chief Financial Officer Rachel Osborne as the new Chief Executive Officer, in substitute to Lindsay Page who resigned a year ago. The British organization said ...
Thai Airways International Pcl (THAI.BK) may for all time diminish the quantity of airplane types it sends once the coronavirus pandemic, said a senior government official on Monday. Thai Airways is landing 69 of its 82 planes following a ...
China’s industrial firms’ profits sank to the lowest in a decade, with mining, manufacturing, and power sectors all suffering from steep declines due to the coronavirus impact. Profits in the first two months of the year fell 38.3% ...
The Reserve Bank of India (RBI) decided to cut interest rates unexpectedly on Friday in an emergency move to bolster the nation’s economy affected by the virus outbreak. The RBI’s move joins many other stimulus-boost efforts by ...
Gold prices fell from its two-week high perch on Friday in Asia amid a recovery in equities. Gold Futures for April delivery last traded on the Comex exchange at $1,640, dropping by 0.7% by 12:55 AM ET (04:55 GMT). Despite the day’s ...
The US Federal Reserve’s balance sheet rose up to more than $5 trillion in assets after taking up bonds and extended loans to banks, central banks, and mutual funds in its emergency measure to support the economy amid the coronavirus ...
TOKYO- Asian stocks recorded a well-ended performance on Friday as investors anticipated another set of stimulus measures to alleviate the drag brought by the novel coronavirus pandemic. Upbeat market mood followed after US unemployment statistics ...
TOKYO- Oil prices soared on Friday after global leaders assured fulfilling its promised measure to inject large volume of funds to minimize the economic drag brought by coronavirus contagion. Upbeat performance followed despite the threat ...
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