Royal Dutch Shell on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic.
Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports.
Asian shares rose on Tuesday after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.
South Korea's central bank said on Tuesday it plans to provide dollar funds to local financial firms via repurchase agreements to stabilise the foreign exchange market if volatility rises due to the coronavirus pandemic and global economic recession risks.
(RTTNews) - The Thai stock market headed south again on Monday, one session after it had ended the two-day slide in which it had stumbled more than 30 points or 2.2 percent. The Stock Exchange of Thailand now rests just beneath the 1,330-point plateau although it's likely to reb
A fire west of Kuwait's Mina Abdullah refinery was extinguished by firefighters Tuesday morning and there was no injuries, Kuwait's fire department announced on twitter.
Bharat Biotech's COVID-19 vaccine has been approved for human trials, making it India's first domestic candidate to get the green light from the government's drug regulator as cases surge in a country with more than 1.3 billion people.
(RTTNews) - The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled almost 65 points or 1.2 percent. The Jakarta Composite Index now rests just above the 4,900
Stocks may have recovered most of what was lost in February and March, shortly after the novel coronavirus began to spread in the U.S., but few investors are naive enough to think the market and the economy are as strong as they were early this year. The recent bullishness is mo
China's factory activity expanded at a stronger pace in June, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but export orders remained weak as the global coronavirus crisis shatters demand.
(RTTNews) - The Japanese stock market is notably higher on Tuesday and the safe-haven yen weakened following the overnight gains on Wall Street as upbeat U.S. housing data and hopes of more stimulus measures by the Federal Reserve offset worries about the sharp spikes in new cor
Gold prices held steady on Tuesday and were heading for their biggest quarterly rise in more than four years as fears over rising coronavirus cases around the world boosted demand for the safe-haven metal.
China's parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony's way of life since it returned to Chinese rule almost exactly 23 years ago.
South Korea's central bank said on Tuesday it plans to provide dollar funds to local financial firms via repurchase agreements to stabilise the foreign exchange market if volatility heightens due to the coronavirus pandemic and global economic recession risks.
Postmates Inc has revived plans for an initial public offering (IPO) following a string of dealmaking in the U.S. online food delivery service sector, people familiar with the matter said on Monday.
(RTTNews) - The Taiwan stock market on Monday ended the seven-day winning streak in which it had accelerated more than 350 points or 3.1 percent. The Taiwan Stock Exchange now rests just above the 11,540-point plateau although it's got a firm lead for Tuesday's trade.
Major sovereign bond yields, which have been low for years, are expected to be close to current levels for the next 12 months, as the global economy struggles to recover from the impact of COVID-19, a Reuters poll found.
Venezuelan President Nicolas Maduro on Monday ordered the European Union envoy to leave the country, hours after the EU announced sanctions against several officials loyal to the socialist leader.