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.
(RTTNews) - German stocks edged lower on Thursday as investors awaited Fed Chair Jerome Powell's Jackson Hole speech for hints of the bank's strategy on inflation and monetary policy.
Analysts expect that Powell will outline dovish measures including a move toward average infl
An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.
Slovenian favourite Primoz Roglic said on Thursday he is ready for the Tour de France, removing any doubts about his participation in cycling's biggest event of the year following a heavy fall in his previous race.
The Russian rouble recovered on Thursday from its lowest since early 2016 against the euro, as traders braced for fallout from an opposition leader's alleged poisoning, a crisis in Belarus and the U.S. Federal Reserve's monetary outlook.
The pound hovered above the $1.32 mark ahead of the annual Jackson Hole central bankers' conference starting later on Thursday, with traders on the lookout for policy hints that could move markets.
Ping An Insurance (Group) Co of China on Thursday reported a 29.7% fall in first-half net profit, its biggest drop for the period in more than a decade as the coronavirus pandemic disrupted its business.
Bank Leumi, one of Israel's two largest lenders, posted lower net profit in the second quarter as the bank increased its loan loss provision in the wake of the coronavirus pandemic.
German-Spanish wind turbine maker Siemens Gamesa said on Thursday it would boost waning profit margins by 2023, pledging to emerge from a financial slump that has been exacerbated by supply chain disruptions during the coronavirus pandemic.
Italy's government has approved a single broadband network proposal that could be presented to Telecom Italia next week as part of a bid to resolve months of wrangling over control of the future network, several newspapers said on Thursday.
Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market.
The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a decade ago even if growth has slowed, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
French business confidence rebounded in August to its highest since France went into a coronavirus lockdown despite a resurgence of new infections, a survey showed on Thursday.
Borrowing costs across the euro area fell on Thursday, ahead of a key speech by U.S. Federal Reserve Chair Jerome Powell that is expected to set out the central bank's new strategy for meeting its price stability and maximum employment goals.
EUR/USD is consolidating close to the highs of a major rally, a bullish sign. August's consolidation has given option traders time to adjust and while 1.2000 remains an important level, an explosive break above that point is as unlikely now as it was likely in July.
London-listed shares retreated on Thursday as earnings updates from firms including Rolls-Royce underlined the extent of the corporate damage from the COVID-19 pandemic ahead of the annual Jackson Hole central bankers' conference later in the day.
Recruitment agency Hays Plc posted a 12% fall in annual net fees on Thursday and said it expected to cut more of its own headcount this quarter by not refilling roles as it adjusts to the slump in hiring due to the COVID-19 pandemic.
(RTTNews) - GlaxoSmithKline plc (GSK.L, GSK) announced Thursday the European Commission has granted conditional marketing authorisation for BLENREP (belantamab mafodotin) for the treatment of patients with relapsed and refractory multiple myeloma.
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