A private survey released Monday showed China's manufacturing activity expanded in July. The Caixin/Markit manufacturing Purchasing Manager's Index came in at 52.8 for July, above expectations for a reading of 51.3 by economists in a Reuters poll.
Data released Thursday by the U.S. government showed GDP dropping 32.9% in the second quarter — the worst drop ever, with the closest previously coming in mid-1921.
As air carriers worldwide are caught in a "race against time" while trying to stay afloat as global travel is nearly completely wiped out, Singapore Airlines appears to be better positioned than its peers, says Brendan Sobie of Sobie Aviation.
Stricter social-distancing measures imposed after a flare up in coronavirus cases will dampen prospects of an economic recovery in Hong Kong, some economists said.
As authorities seek to revive their economies from the fallout caused by the coronavirus pandemic, governments will need to "spend an awful lot of of money to protect and insure their economies."
Vietnam, once praised for its success in containing the coronavirus outbreak, is now battling a resurgence in cases and has warned that the disease could spread wider across the country.
Former Malaysian Prime Minister Najib Razak was sentenced to 12 years in jail and handed a fine of 210 million Malaysian ringgit ($49.3 million) after he was found guilty of all charges in his first trial linked to the financial scandal at 1MDB.
Reuters international news agency is interviewing Dr. Anthony Fauci, a member of the White House coronavirus task force, as the nation struggles to contain the coronavirus outbreak.
Gold prices touched record prices on Monday morning in Asia as worries over issues such as the coronavirus pandemic as well as U.S.-China trade tensions weighed on investor sentiment.
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