Japanese commercial banks' overseas investments hit a record high in the three months to March as they loaded up on foreign debt to beat ultra-low returns at home and market turmoil caused by the coronavirus pandemic, data showed on Thursday.
The last convoy of outsize parts for the world's largest airliner crawled towards an assembly plant in southwest France late Wednesday, applauded by residents and production workers as Europe's Airbus prepares to build the last A380 superjumbo.
Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home, stalling a recovery in fuel demand even as lockdowns ease.
Australia's unemployment rate jumped to the highest in about two decades in May as nearly a quarter of a million people lost their jobs due to the coronavirus pandemic-driven shutdowns.
The Asian Development Bank (ADB) on Thursday slashed its growth forecast for developing Asia this year to 0.1% from 2.2% to reflect the impact of the lockdowns on economic activity due to the coronavirus pandemic.
(RTTNews) - The Indonesia stock market has finished higher in two straight sessions, spiking more than 170 points or 2.4 percent along the way. The Jakarta Composite Index remains just above the 4,985-point plateau although it's expected to open under pressure on Thursday.
(RTTNews) - The China stock market has moved higher in back-to-back trading days, rising more than 45 points or 1.6 percent along the way. The Shanghai Composite Index now rests just above the 2,935-point plateau although it may be stuck in neutral on Thursday.
(RTTNews) - Telia Co. said it agreed to sell its 47.1 percent holding in Turkcell Holding, which owns 51.0 percent in the listed company Turkcell Iletisim Hizmetleri, to the state owned Turkey Wealth Fund for $530 million.
Westpac Banking Corp said on Thursday it has agreed to sell its remaining 9.5% stake in fund operator Pendal Group Ltd to institutional investors for about A$185.4 million ($128 million).
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
(RTTNews) - The Taiwan stock market has tracked higher in consecutive trading days, gathering more than 225 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 11,530-point plateau although is may open under pressure on Thursday.
Qantas Airways Ltd said on Thursday it had cancelled most international flights until late October after the Australian government indicated its border closure because of the coronavirus was likely to extend to 2021.
Australian house prices will decline this year and next as the damage from the coronavirus pandemic's disruption to the economy lingers on, with demand wilting on higher unemployment and lower immigration, a Reuters poll showed.
Reality TV star Kim Kardashian West has reached a deal with Swedish music streaming company Spotify Technology SA to host a podcast related to criminal justice reform, a representative for West said on Wednesday.
(RTTNews) - The Singapore stock market has finished higher in two straight sessions, jumping more than 55 points or 2.1 percent in that span. The Straits Times Index now rests just beneath the 2,670-point plateau although it may spin its wheels on Thursday.
Many people in Jordan are struggling to meet basic needs after a more than two-month lockdown to fight the coronavirus pandemic, a United Nations Development Programme (UNDP) study said on Wednesday.
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
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