Profits at China's industrial firms grew 19.6% on-year to 589.5 billion yuan ($85.58 billion), the statistics bureau said on Thursday, another sign that the economy's recovery from the coronavirus shock is firming.
Chinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said.
Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a second and third wave of coronavirus infections hammer the economy, Bank of Japan board member Hitoshi Suzuki said on Thursday.
An indigenous tribe that blocked a key grain export route in the Amazon last week claiming compensation for environmental damage said on Wednesday they failed to reach agreement with Brazil's government and would await a court ruling on the dispute.
The dollar wallowed near its lowest level for the week on Thursday as investors looked for hints from Federal Reserve Chairman Jerome Powell that the central bank might tweak its policy framework to help push up inflation.
Gold prices were mostly unchanged on Thursday after rising more than 1% in the previous session on a weaker U.S. dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day.
Samsung Electronics plans to allow some workers in South Korea to work from home in September under a pilot program, a company official said on Thursday, as the country is battling a resurgence in coronavirus cases.
Chinese electric vehicle maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, according to two sources with direct knowledge of the matter.
South Korea's central bank kept its key policy rate unchanged on Thursday, holding fire in the face of rising home prices, even as it cut its 2020 GDP forecast on concerns about the fallout of the coronavirus pandemic on Asia's fourth largest economy.
United Company Rusal has decided to pull out of an aluminium trading joint venture in southern China, partly due to concerns over the low volumes it has been selling, three sources with knowledge of the matter said.
Oil prices were mixed in early trade on Thursday even as oil rigs and refineries shut ahead of a massive storm in the Gulf of Mexico racing towards Texas and Louisiana, with slim worries about the impact on supply as oil stockpiles remain high.
Abbott Laboratories said on Wednesday it won U.S. marketing authorization for a COVID-19 portable antigen test that can deliver results within 15 minutes and will sell for $5.
The S&P 500 Index (SNPINDEX: ^GSPC) gained 35 points, a solid 1%, on Aug. 26, setting another all-time high, driven upwards by huge gains from tech giants Salesforce.com (NYSE: CRM), Netflix (NASDAQ: NFLX), Adobe (NASDAQ: ADBE), and Facebook (NASDAQ: FB).
Burgundy Technology Acquisition, a blank check company formed by the former CEO of HP and a former Citi executive targeting the tech industry, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exerc
A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed.
China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
Argentina posted a record daily rise of 10,550 confirmed COVID-19 cases on Wednesday, the health ministry said, taking the total caseload to 370,188 as the South American nation struggles to rein in the spread of infections while trying to ease open its crisis-hit economy.
Checked
23 minutes 36 seconds ago
This feed is responsible for generating the rss feed related to the topic latest article