Nasdaq News

Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.

G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to better balance investment portfolios during stressful times.

(RTTNews) - Cathay Pacific Airways (CPCAF.OB, CPCAY.PK) announced a three-part recapitalisation plan, to provide the company with sufficient funds to withstand the industry-wide downturn. Under Tranche A of the plan: Cathay Pacific will issue HK$19.5 billion in preference shares

(RTTNews) - The Financial Reporting Council or FRC announced the closure of its investigation into accountants working within Tesco PLC. The investigation was related to the company's overstatement of profit of approximately 250 million pounds as announced in September 2014. FRC

South Africa's Life Healthcare said on Tuesday its southern African operation was hit by a cyber attack affecting its admissions systems, business processing systems and email servers, but it hasn't determined the extent to which data has been compromised.

(RTTNews) - European stocks look set to open a tad higher on Tuesday after a torrid rally in U.S. stocks on hopes of a relatively quick economic recovery pushed the S&P 500 into the green for the year overnight.

Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 280 basis points over midswaps for a planned issuance of long five-year dollar sukuk, a bank document showed on Tuesday.

China's yuan retreated on Tuesday, easing from a near 1-1/2-month high against the dollar a day earlier, as the central bank's guidance came in weaker than market expectations.

Power Finance Corp has sent banks a request for proposals for a potential Reg S/144A US dollar bond issue, according to market sources.

Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the coronavirus pandemic.

Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.

Chanel, Revlon and L'Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount.

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market.

(RTTNews) - The Hong Kong stock market has finished higher in six straight sessions, rising more than 1,780 points or 7.6 percent along the way. The Hang Seng Index now sits just above the 24,775-point plateau and it's predicted to open higher again on Tuesday.

(RTTNews) - The Australian stock market, which resumed trading after a holiday on Monday, is notably higher on Tuesday as the market played catch up with the recent strong gains on Wall Street and other Asian markets amid continued optimism about a quick economic recovery from t

(RTTNews) - The China stock market has finished higher in back-to-back trading days, accumulating almost 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just above the 2,935-point plateau and it's may extend its gains on Tuesday.

China Telecom Corp’s U.S. unit urged the Federal Communications Commission (FCC) not to revoke the company's nearly two-decade old authorization to provide international telecommunications services to and from the United States.

Hong Kong's Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday pending announcements.

Administrators in charge of South Africa's Edcon have proposed a sales process that may lead to job redundancies in "significant numbers", after the retailer filed for a form of bankruptcy protection in April.

International Business Machines Corp will no longer offer general purpose facial recognition or analysis software, new Chief Executive Officer Arvind Krishna said in a letter to the members of the United States Congress on Monday.