Gold fell more than 1% on Tuesday as some countries planned to gradually ease coronavirus restrictions, although recession concerns and a retreat in riskier assets kept the bullion near the $1,700-level.
(RTTNews) - Asia-focused lender HSBC Holdings Plc (HSBC, HSBA.L) reported that its first-quarter profit before tax declined 48 percent to $3.23 billion from last year's $6.21 billion, as higher expected credit losses and other credit impairment charges and lower revenue. The red
HSBC Holdings PLC's first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.
(RTTNews) - Indian shares opened higher on Tuesday, mirroring firm global cues as new coronavirus infections slowed globally and investors looked forward to a busy week of earnings and central bank meetings.
HSBC Holdings PLC's first-quarter profit tumbled a worse-than-expected 48% after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.
Tianqi Lithium Corp, one of the world's top lithium producers, said on Tuesday its net loss for 2019 was expected to be twice as big as it previously indicated after raising the impairment provision on its stake in Chilean miner SQM.
Routine medical tests critical for detecting and monitoring cancer and other conditions plummeted in the United States since mid-March, as the coronavirus spread and public officials urged residents to stay home, according to a new report by Komodo Health.
A recession in Singapore's trade-reliant economy could be deeper than forecast as the protracted nature of the COVID-19 pandemic is likely to hamper a decisive rebound in global activity, the city-state's central bank said on Tuesday.
Japan plans to cut the amount of inflation-linked government bonds it sells to the market next month to the lowest level in seven years, government officials said on Tuesday, as slumping oil costs and the economic fallout from the coronavirus pandemic stoke fears of deflation.
Indonesia has sold $4 billion of sovereign bonds in private placement and is in talks to borrow up to $750 million more from several development banks to fund its fight against the novel coronavirus outbreak, according to government statements.
The Australian dollar tested six-week highs on Tuesday, as signs of progress in re-opening economies helped the risk-sensitive currency recoup most of the panic selling seen in March, and as the greenback nursed overnight losses.
South Korea's exports were seen contracting at the sharpest pace in nearly 11 years in April as the coronavirus pandemic caused massive disruptions to global supply chains and economic activity, a poll showed on Tuesday.
(RTTNews) - The Indonesia stock market rebounded on Monday, one session after it had halted the two-day winning streak in which it had collected more than 90 points or 2 percent. The Jakarta Composite Index now sits just beneath the 4,515-point plateau and it may extend its gain
(RTTNews) - The Japanese stock market is declining on Tuesday following the strong gains in the previous session and despite the positive cues overnight from Wall Street. Investors digested data that showed that Japan's unemployment rate rose to a one-year high in March.
It will be difficult for Tokyo to host the Olympic Games next year unless there is an effective vaccine against the coronavirus, the head of the Japan Medical Association said on Tuesday.
(RTTNews) - National Oilwell Varco Inc. (NOV) reported that its net loss attributable to company for the first quarter of 2020 winded to $2.05 billion or $5.34 per share, from $77 million or $0.20 per share in the prior year.
The Australian and New Zealand dollars found support on Tuesday as both countries made considerable progress in containing the coronavirus, allowing some gradual steps to start reopening their hard-hit economies.
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