Baoshan Iron & Steel Co Ltd, China's top listed steel producer, said on Thursday net profit slumped 36.87% in the first six months of 2020, pressured by the coronavirus pandemic and climbing raw material prices.
MUMBAI(Reuters Breakingviews) - There are cruel limits to how much and how fast a nation can change. The constraints are vividly illustrated in the colourful journey of Indonesia’s Joko Widodo.
Gold rose on Friday, having declined over 1% in the previous session, as persistent concerns over the pandemic-led economic slump boosted the metal's appeal, although gains were restricted by a jump in U.S. Treasury yields.
U.S. President Donald Trump said on Thursday that if he was re-elected, his administration would impose tariffs on any company that leaves the United States to create jobs elsewhere.
(RTTNews) - Asian stocks were mixed in cautious trade on Friday after the World Health Organization warned of a possible uptick in hospitalizations and mortality rates in Europe during the winter.
U.S. President Donald Trump said on Thursday that if he was re-elected, his administration would impose tariffs on any company that leaves the United States to create jobs elsewhere.
India's deepest recession on record will linger through the rest of this year and begin to lift only in early 2021 as a rapid surge in the coronavirus spread squelches a nascent rebound in consumption and business activity, a Reuters poll showed.
Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high.
South Korea's finance minister said on Thursday the government will consider drafting its fourth supplementary budget of this year should the economic fallout from the coronavirus pandemic significantly worsen.
(RTTNews) - Indian shares may open higher on Friday after the Federal Reserve indicated it will leave interest rates at near-zero levels for the foreseeable future even if there is an acceleration in the pace of inflation.
When former NBA star Robert Horry's son showed him the video of a police officer shooting Jacob Blake in the back in Wisconsin on Sunday, he said he felt compelled to remind the teenager of the dangers he could face when encountering the police.
USD/JPY rallied hard Thursday following the Federal Reserve's shift in inflation targeting to focus more on the economy and labour market, but further rises in U.S. yields may be needed for the pair to break strong upside resistance.
Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
Elon Musk said on Thursday that Tesla Inc's factory in Nevada was a target of a "serious" cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal Bureau of Investigation(FBI) thwart the attack.
Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhi's recent regulation aimed at restricting imports from countries that it shares a border with.
PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a swing into a net loss of 29.98 billion yuan ($4.36 billion) in the first half on lower oil prices and a demand hit from the COVID-19 crisis.
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