The Reserve Bank of India on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the economic fallout from a nationwide lockdown to contain the spread of the novel coronavirus.
The dollar gained against major peers on Friday as worries about rising diplomatic tensions between the United States and China supported safe-haven demand for the greenback.
Argentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an "important distance" left to cover, Economy Minister Martin Guzman told Reuters.
Three of John Newcombe's countrymen have won more Grand Slam singles titles but any doubts about his standing in Australian tennis are put to rest at the sport's annual awards night.
(RTTNews) - Japanese electronics maker Panasonic Corp. (PCRFY.PK, PCRFF.PK) will move its Thai-based production of refrigerators and washing machines to Vietnam next year, and lay off about 800 employees, as part of its efforts to cut costs, according to reports.
(RTTNews) - Indian shares opened slightly lower on Friday amid weak global cues as the U.S. Senate passed a legislation that may block some of the Chinese firms from getting listed on U.S. exchanges and Beijing said it would impose a new national security legislation on Hong Kon
(RTTNews) - Asian stock markets, led by Hong Kong, are in negative territory on Friday following the overnight losses on Wall Street and on worries about rising U.S.-China tensions. China said it plans to introduce new national security legislation in Hong Kong, raising fears of
Gold steadied on Friday as an escalation in U.S.-China tensions underpinned bullion's safe-haven appeal, although positive economic data and easing lockdowns in some countries set up the precious metal for a weekly drop.
Oil prices slumped on Friday after China's decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world's second-largest oil user.
South Korean shares fell on Friday, snapping a five-day winning streak, as worries about Sino-U.S. tensions deepened over imposition of a legislation on Hong Kong. The Korean won weakened and the benchmark bond yield fell.
Hong Kong activists called for a protest march on Friday against Beijing's plans to impose national security legislation in the semiautonomous city, raising concerns over its freedoms and its status as a global financial hub.
(RTTNews) - Billionaire Mukesh Ambani's Reliance Industries Limited said that U.S. private equity firm KKR will invest 11,367 crore Indian rupees or about $1.5 billion in its Jio Platforms Ltd
(RTTNews) - Indian shares look set to open lower on Friday amid escalating geopolitical tensions. India is facing border problems with two of its neighbors-China and Nepal-while grappling with rising cases of covid-19 at home.
India's Reliance Industries said KKR will invest $1.5 billion in Jio Platforms, marking the fifth fundraising deal in a month by its digital unit and bringing the total amount of new investment to $10 billion.
A history of bankruptcies in the airline industry has usually kept quality-focused investors away. It's no surprise that the capital-intensive, cyclical nature of the business lends itself to wild swings in stock prices during unexpected economic shocks. Southwest Airlines (NYSE
The dollar held gains against major peers on Friday as worries about renewed diplomatic tensions between the United States and China supported safe-haven demand for the greenback.
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