Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
South Korean prosecutors said on Thursday they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.
Football players have to acknowledge their responsibility as role models and take a stand against racism, Bayern Munich midfielder Joshua Kimmich has said.
South Korean shares rose for a fifth straight session on Thursday, as investors held on to global economic recovery and stimulus hopes, offsetting worries about a slump in the country's exports and civil unrest in the United States. The Korean won weakened and the benchmark bond yield fell.
What happened
Shares of Ubiquiti (NYSE: UI) rose 13.8% during the month of May, according to data from S&P Global Market Intelligence. The networking equipment vendor delivered a better-than-expected earnings report on May 8, and also bought back a fair amount of stock durin
China said on Thursday it will allow more foreign carriers to fly into the mainland, shortly after Washington barred Chinese passenger carriers from flying to the United States citing Beijing's restrictions on American airlines.
(RTTNews) - Ahead of Wednesday's holiday for the queen's birthday, the Thai stock market finished higher in three straight sessions, gathering more than 35 points or 2.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,375-point plateau and it's
The U.S. Department of Labor issued guidance on Wednesday that allows private equity investments to be offered to U.S. retirement plans as part of diversified investment funds, a move that the leveraged buyout industry has long called for.
LONDON (Reuters Breakingviews) - Boris Johnson is putting spin ahead of substance on Hong Kong. The UK prime minister said on Wednesday he will open a path to citizenship for as many as 3 million residents of the territory if China presses ahead with plans to impose a ne
What happened
XPO Logistics (NYSE: XPO) shares lost more than half of their value between mid-February and mid-March on fears the COVID-19 pandemic would cause a sustained recession and that the transport and logistics company was ill-prepared to deal with it.
Australian retail sales suffered a historic plunge in April when much of the country was locked down to combat the coronavirus, as markets and policymakers braced for the nation's worst ever economic contraction in the current quarter.
(RTTNews) - Four current and former senior executives from two major broiler chicken producers, including Pilgrim's Pride CEO Jayson Penn, have been indicted for price fixing.
Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.
(RTTNews) - The Indonesia stock market has climbed higher in eight straight sessions, soaring more than 420 points or 9 percent along the way. The Jakarta Composite Index now sits just above the 4,940-point plateau and it's expected to open higher again on Thursday.
(RTTNews) - The Japanese stock market is rising for a fourth straight day on Thursday while the safe-haven yen weakened, buoyed by the overnight gains on Wall Street as new U.S. economic data added to investor optimism about a quick recovery.
Japan will consider various options such as having fewer spectators and mandatory coronavirus testing for a "simplified" Olympic Games next year to avoid the outright cancellation of the event, the Yomiuri newspaper reported on Thursday.
Many people in Hong Kong plan to commemorate the bloody 1989 crackdown by Chinese troops in and around Tiananmen Square by lighting candles across the city on Thursday, circumventing a ban on the usual public gathering amid the coronavirus pandemic.
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