Saudi Arabia's non-oil private sector contracted for the third straight month in May as measures to stem the spread of the coronavirus continued to hit demand, although it shrank at a slower pace than in the previous two months, a survey showed.
Indian shares on Wednesday added gains for a sixth straight session and crossed the 10,000 mark for the first time since March, as Asia's third-largest economy gradually comes out of the coronavirus lockdowns and risk appetite picks up in global markets.
(RTTNews) - Indian shares opened sharply higher on Wednesday, mirroring firm global cues as investors cheered prospects of more government stimulus and a global economic recovery from the coronavirus pandemic.
A survey of U.S. businesses on Wednesday revealed deep fears for the future of their operations in Hong Kong if China imposes national security legislation that critics say could curb the financial centre's freedoms and fuel ongoing protests.
Pliant Therapeutics, a Phase 2 biotech developing therapies for the treatment of fibrosis, raised $144 million by offering 9.0 million shares at $16, the high end of the $14 to $16 range.
Earlier on Tuesday, Pliant filed an amendment adding 3.0 million shares to the offerin
Gold traded steady on Wednesday after snapping a three-session winning streak in the previous day, as a rally in equity markets on hopes of more stimulus offset some support from a weaker dollar.
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
HONG KONG (Reuters Breakingviews) - Taiwan is well-positioned to poach Hong Kong talent. President Tsai Ing-wen has pledged to resettle those fleeing Beijing’s crackdown on the former British colony. It’s a rare chance for the $600 billion economy to plug a severe la
Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand.
What happened
Shares of Redfin (NASDAQ: RDFN) surged last month as the online real estate brokerage posted a better-than-expected results in its first-quarter earnings report and said that housing demand had bounced back strongly from the lockdowns.
Malaysia has awarded 5G telecommunications spectrum to major domestic telecoms players as well as a private firm, the communications and multimedia ministry said.
The National Basketball Association has targeted Oct. 12 as the last possible date to complete the 2019-20 season, which has been on hold since mid-March because of the COVID-19 pandemic, ESPN reported on Tuesday.
(RTTNews) - The Hong Kong stock market has finished higher in two straight sessions, collecting more than 1,000 points or 4.3 percent along the way. The Hang Seng Index now sits just shy of the 24,000-point plateau and it may extend its gains on Wednesday.
(RTTNews) - The Australian stock market is rising for a third straight day on Wednesday following the positive cues overnight from Wall Street on optimism about an economy recovery as businesses reopen following coronavirus-induced shutdowns. Investors now look ahead to the rele
The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets.
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