Japan's economy likely shrank more than previously estimated in the second quarter as capital expenditure took a hit from the coronavirus pandemic, a Reuters poll showed, highlighting the challenge policymakers face in averting a deeper recession.
With an enviable reputation, IAG's CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history.
Poland's top banks have set aside more than 1.96 billion zloty ($525 million) in total to pay for Swiss franc-denominated mortgages, recent filings analysed by Reuters show, after Polish courts recently ruled many were mis-sold to borrowers.
(RTTNews) - Indian shares plunged sharply in early trades Friday as investors pressed sales almost across the board, tracking overnight setback on Wall Street amid worries about global economic growth.
Indonesia's parliament will consider recommendations to overhaul how the country's central bank operates, raising market fears that Bank Indonesia will lose independence and its policymaking would be at risk from political interference.
(RTTNews) - Kimberly-Clark Corp (KMB) announced that it has agreed to acquire Softex Indonesia in an all-cash transaction for about $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV.
Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organise for a state fund, the Bernama state news agency reported.
(RTTNews) - The Thai stock market headed south again on Thursday, one session after it had ended the three-day losing streak in which it had dropped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,310-point plateau and the losses may
MUMBAI (Reuters Breakingviews) - Mohammed bin Salman has spent the five years since his elderly father became king of Saudi Arabia surprising in ways good, bad, and downright ugly. From the rumble in the Ritz to unleashing a sovereign fund to the silencing of dissidents,
Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google will soon be the target of an antitrust lawsuit brought by the Justice Department. That's according to an article published Thursday in The New York Times, citing "five people briefed on internal department conversations."
The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that may cast doubt on the strength of economic recovery from the coronavirus outbreak.
Amazon Japan has submitted a plan to the country's fair trade regulator on how it will improve practices suspected of violating anti-trust rules, the Asahi Shimbun reported on Friday.
Sterling will lose some of its recent gains against a weaker dollar as year-end approaches, hurt by Brexit uncertainty and fears surrounding the coronavirus pandemic, a Reuters poll showed on Friday.
(RTTNews) - The Indonesia stock market on Thursday ended the two-day winning streak in which it had jumped almost 75 points or 1.5. The Jakarta Composite Index now sits just above the 5,280-point plateau and the losses may accelerate on Friday.
(RTTNews) - The Japanese stock market is declining on Friday following the overnight sell-off on Wall Street reflecting weakness in tech stocks. Investors also turned cautious as they looked ahead to the release of the U.S. jobs data for August later in the day.
Yum China is set to raise $2.22 billion in its secondary Hong Kong listing after indicating that its shares would be priced at HK$412 each, according to two sources with direct knowledge of the matter.
Australian retailers enjoyed another strong period of sales in July with gains in all states and territories except Victoria which is battling a second wave of novel coronavirus cases.
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