Oil prices climbed higher on Monday, lifted by China's plans to ship in large volumes of U.S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
The U.S. dollar began Monday where it left off last week, caught between pressure from worries about the lagging U.S. economic recovery and support from rising U.S. bond yields and safe-harbour demand.
(RTTNews) - The Taiwan stock market has finished higher in back-to-back trading days, collecting more than 125 points or 1 percent along the way. The Taiwan Stock Exchange now sits just beneath the 12,800-point plateau although it's likely to head south on Monday.
Asian shares dozed near recent highs in quiet trade on Monday as investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend, and maybe take some pressure off the beleaguered dollar.
Australia's top electronics retailer JB Hi-Fi Ltd posted on Monday a 33% jump in annual adjusted profit, as the shift to working from home prompted by coronavirus-led lockdowns boosted demand for computers and other home appliances.
Australia's Ampol Ltd said on Monday it would sell a 49% stake in a property trust that owns convenience stores to Singaporean sovereign wealth fund GIC [GIC.UL] and Charter Hall Group for A$682 million ($489.81 million).
Japan suffered its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed business and consumer spending, keeping policymakers under pressure for bolder action to prevent the recession deepening.
Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia.
(RTTNews) - The Singapore stock market on Friday halted the two-day winning streak in which is had advanced more than 50 points or 2 percent. The Straits Times Index now rests just above the 2,580-point plateau and it may continue to spin its wheels on Monday.
Australia's Ampol Ltd said on Monday it would sell a 49% stake in a property trust that owns convenience stores to Singaporean sovereign wealth fund GIC [GIC.UL] and Charter Hall Group for A$682 million ($489.81 million).
Lim Oon Kuin, founder of troubled Singapore oil firm Hin Leong Trading (Pte) Ltd, was charged in Singapore court on Friday with abetment of forgery for the purpose of cheating, police said.
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world's top economies gear up to review a January deal after a prolonged trade war.
Australian rare earths producer Lynas Corp Ltd posted an annual loss on Monday, hurt by a temporary coronavirus-linked closure of its Malaysian processing plant and lower market prices.
Australia's top electronics retailer JB Hi-Fi Ltd on Monday posted a jump in annual earnings, as the shift to working from home prompted by coronavirus-led lockdowns boosted demand for computers and other visual and audio appliances.
Britons bought and sold a record number of homes between mid July and early August as pent-up demand from the coronavirus lockdown and a desire to leave London bucked the usual summer slowdown, industry data showed on Monday.
China's Tianqi Lithium Corp said its president Vivian Wu has left the company, as the indebted producer of a key commodity for electric-vehicle batteries looks for a way out of a perilous financial situation.
(RTTNews) - The Malaysia stock market headed south again on Friday, one session after it had ended the four-day losing streak in which it had fallen almost 30 points or 2 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,565-point plateau and it may tick low
A major investor in Japan's Toshiba Corp has called for a third-party investigation into the conglomerate's annual shareholder meeting, saying its vote was not fully recognised in a potential breach of governance.
With COVID-19 still hurting lives and livelihoods in the U.S. and the unemployment rate still at multidecade highs, predictions or promises of vast numbers of new U.S. jobs may seem like fantasy or wishful thinking. However, some observers believe that manufacturing jobs may in
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