CNBC Asia

American and United Airlines have extended suspensions of service to Hong Kong due to new testing

The moves regionally came following the release of China's June inflation data. The producer price index for June slipped 3% year-on-year, according to data from China's National Bureau of Statistics. That compared against expectations of a 3.2% decline in a Reuters poll of analysts.

Don't expect the Chinese yuan to become a "safe-haven" alternative to the dollar or U.S. Treasurys anytime soon, says Ebrahim Rahbari of Citi.

Foreign currency interventions by the central bank to support the lira have drained the country's reserves.

The question of whether kids might be a driver of transmission is key, especially as local officials decide whether and how to reopen schools in the fall.

New York Gov. Andrew Cuomo blasted President Donald Trump on Wednesday for pressuring state officials to reopen schools this fall, saying the federal government doesn't have any authority over the matter.

Cases are growing, on average, by at least 5% in 37 states as of Tuesday, according to a CNBC analysis of data collected by Johns Hopkins.

Mainland Chinese stocks built on the solid run they've had so far this week as they led gains in the region for yet another day, with both the Shanghai composite and Shenzhen component rising almost 2% each on Wednesday.

As of Tuesday, more than 5,000 Florida patients were using roughly 83% of the state's more than 6,000 ICU beds, according to the state's Agency for Health Care Administration.

Faced with a dearth of government rules, corporations are mandating their own face mask policies to protect customers and staff from Covid-19.

The cruise industry faces a challenging task: convincing customers and regulators that it's safe to go on a cruise again.

"The body of evidence continues to grow and we adapt," Dr. Soumya Swaminathan, the WHO's chief scientist, said Tuesday.

"I don't think it should be a surprise if the deaths start to rise again. It will be very unfortunate but it may happen."

Uber acquired Postmates to make its food delivery app business an even bigger play as passenger ride-hail suffered from Covid-19. It's not the only global 'super app' changing. Asia's Gojek is narrowing its list of critical on-demand services.

The Seoul-based airline has about 500 employees in the U.S. and says it is using most of the funds to pay staff.

Stocks in mainland China continued to lead gains among the region's major markets for a second day after Monday's blockbuster gains, with the Shenzhen component jumping 1.717% on Tuesday.

Investors and foreign companies have been wary that Hong Kong's status as a financial hub would be eroded, as China moved to implement a controversial national security law on the city last week.

The Luckin Coffee fraud scandal was a "great morality tale" for markets, and more needs to be done to protect American investors from such cases, said an analyst, who called a bill to delist Chinese companies in the U.S. essentially toothless.