Societe Generale reported a 1.26 billion euros ($1.5 billion) second-quarter loss, as it booked a writedown on the value of its trading business and increased provisions for loans that could turn sour because of the COVID-19 pandemic.
Chinese shares rose on Monday as new data underscoring strong growth in factory activity bolstered hopes that China's economy has bounced back faster than expected from the shock of the coronavirus outbreak.
The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
Singapore will make some incoming travellers wear an electronic monitoring device to ensure that they comply with coronavirus quarantines as the city-state gradually reopens its borders, authorities said on Monday.
Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis.
The Philippines stock market tumbled on Monday after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery.
Chelsea manager Frank Lampard says starting the new Premier League season on Sept. 12 is too early and his players run the risk of sustaining injuries given the short turnaround between campaigns.
HSBC Holdings PLC posted a 65% tumble in first-half pre-tax profit, more than expected, as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss provisions.
Australia's National Rugby League have cut crowd numbers for the Melbourne Storm's next match amid concerns social distancing protocols were not being followed, while 12 members of a Melbourne basketball team have tested positive for COVID-19.
Gold prices surged to an all-time high on Monday as fears over an economic fallout from rising COVID-19 cases boosted demand for the safe-haven metal, although gains were capped by an uptick in the U.S. dollar.
(RTTNews) - Indian shares are seen opening lower on Monday as investors await cues from the latest batch of corporate earnings, auto sales figures for July and the RBI policy announcement on August 6. Any move by RBI on loan moratorium or one-time restructuring of loans may indu
(RTTNews) - Microsoft said Sunday that it is prepared to continue discussions to explore a purchase of TikTok in the United States. Other American investors could participate in the potential acquisition on a minority basis.
Asia's factory pain continued to ease in July with contraction slowing in big export-reliant nations, adding to hopes the region is steadily emerging from the devastating hit of the coronavirus pandemic.
(RTTNews) - The Thai stock market on Friday ended the three-day slide in which it had tumbled almost 45 points or 3.3 percent. The Stock Exchange of Thailand now rests just beneath the 1,330-point plateau and it may add to its winnings on Monday.
China said on Monday that 28-nanometre chips for mobile devices using the Beidou navigation system are in mass production, and mass manufacturing of 22-nanometre chips will soon kick off.
(RTTNews) - The Japanese stock market is rising on Monday following the gains on Wall Street Friday on upbeat tech earnings results. In addition, a weaker yen lifted shares of exporters.
The Hong Kong government's decision to postpone an election for the city's legislature by a year, by invoking emergency legislation after a spike in coronavirus cases, may be unlawful, the city's bar association said.
Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions gave the dollar a rare bounce.
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