Hong Kong's Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.
The 2021 Australian Open could be moved to later in the year due to COVID-19 but tournament director Craig Tiley told Reuters that organisers are confident of hosting the Grand Slam in its usual January slot with full prize money and fans in the stands.
Wolverhampton Wanderers boss Nuno Espirito Santo is proud of his side's achievements given the size of their squad but the Portuguese admits the Premier League club will need to bring in new faces in order to remain competitive.
Portland Timbers beat Orlando City SC 2-1 on Tuesday in the MLS is Back Tournament final, bringing an end to a competition at Disney World in Florida that got off to a shaky start when two teams were withdrawn amid a cluster of COVID-19 tests.
(RTTNews) - Indian shares are seen opening lower on Wednesday after a government report showed India's industrial production fell for a fourth consecutive month in June as coronavirus containment measures such as social distancing disrupted activity in several economic sectors.
Japanese stocks edged higher on Wednesday as some investors bought shares of major exporters on the back of a slightly weaker yen, although sentiment was cautious due to a stalemate in talks over additional U.S. economic stimulus.
Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world's biggest economy can weather the coronavirus pandemic.
Taiwan's central bank is investigating the actions of five foreign banks for their involvement in some $8 billion in net trading positions on the deliverable forwards market, four sources with knowledge of the situation told Reuters.
U.S. Treasury yields have returned to the fore as a major driver of USD/JPY, with Tuesday's spike in yields ahead of a massive U.S. Treasury refunding [nL1N2FD1WC] producing a surge in USD/JPY, which now appears biased higher.
U.S. apparel retailer Brooks Brothers said late Tuesday it is likely to be acquired by Authentic Brands Group LLC and SPARC Group LLC after they increased their offer to $325 million.
(RTTNews) - The Japanese stock market, which swung between gains and losses, is modestly higher on Wednesday after opening lower following the following the negative cues overnight from Wall Street amid a stalemate in U.S. fiscal stimulus talks. Nevertheless, a weaker yen booste
The Reserve Bank of New Zealand (RBNZ) on Wednesday held its official cash rate at 0.25% in a widely expected decision and expanded its large scale asset purchase (LSAP) programme to as much as NZ$100 billion ($65.39 billion).
(RTTNews) - The Indonesia stock market has moved higher in two straight sessions, collecting almost 50 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 5,190-point plateau although it may run out of steam on Wednesday.
Australian shares fell on Wednesday on worries that a worsening coronavirus outbreak in the country's second-most populous state would further slam economic activity, while gold stocks slumped after bullion prices plunged overnight.
Cable has been in a holding pattern after last month's gains that were driven by a weaker dollar as risk appetite recovered, reducing safe-haven dollar flows, but this may be about to reverse.
The LPGA Shanghai tournament has been cancelled because of health concerns and travel restrictions put in place due to the COVID-19 pandemic, the elite women's professional golf circuit said on Tuesday.
The United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around $1.5 billion, the company and White House said on Tuesday.
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