The annual shareholder meeting for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) earlier this month was an unprecedented event because of the impact of the coronavirus pandemic. Although Warren Buffett and a small group of people still held the meeting in the same large Omaha a
Denmark is "very unlikely" to be hit by a second wave of coronavirus, the country's chief epidemiologist said on Tuesday, after the government laid out plans for increased testing and a contact tracing system.
The Russian rouble was steady in early trade on Tuesday, as the market digested higher oil prices, a decrease in the central bank's foreign currency interventions and Russia's rising number of cases of the novel coronavirus.
South Africa's rand weakened early on Tuesday as global fears of a second wave of coronavirus infections dampened demand for emerging currencies and investors shied away from risk.
Britain's government should extend a costly job support programme until the end of the year for retail and hospitality workers hit hardest by the coronavirus, a think tank said on Tuesday, ahead of an expected government announcement.
Markets torn between enthusiasm over easing lockdowns and fears over a second wave of infections have seen the latter cast shadows for a second straight session as infections emerge again in Wuhan, the Chinese city where the pandemic originated.
Lebanon will begin detailed discussions with the International Monetary Fund (IMF) on Wednesday, sources close to the government said, as Beirut seeks financial aid from the Fund to deal with a major financial crisis.
Shanghai shares ended lower on Tuesday on fears about a second wave of coronavirus infections and as a sharp drop in China's factory prices underscored the economic impact of the pandemic. ** At the close, the Shanghai Composite index was down 0.11% at 2,891.56, trimming some losses after falling 0.59% earlier. ** The blue-chip CSI300 index ended flat, with its financial sector sub-index lower by 0.6%, the consumer staples sector up 0.89%, the real estate index down 1.22% and the healthcare sub-index up 1.37%. ** Wuhan reported on Monday its first cluster of coronavirus infections since a lockdown on the city, the epicentre of the outbreak in China, was lifted a month ago, stoking concerns of a wider resurgence. [nL4N2CT0CB] ** Wuhan also plans to conduct city-wide nucleic acid testing over a period of 10 days, according to an internal document seen by Reuters and two sources familiar with the situation. [nB9N2AN020] ** China's factory prices fell at the sharpest rate in four years in April, highlighting weakening industrial demand in the world's second-largest economy as the coronavirus pandemic slams global growth. [nL4N2CQ1NV] ** The smaller Shenzhen index ended up 0.33%, reversing from earlier losses, and the start-up board ChiNext Composite index was higher by 1.014%. ** Shanghai's index tracking B-shares, shares that are traded in dollars in Shanghai and HK dollars in Shenzhen, dropped 5.1% on Tuesday, after being down 6.9% by the mid-day break. ** The plunge is likely a result of concerns that some B-share companies could be delisted as Beijing's reform of the registration-based IPO system in the STAR Market and the ChiNext start-up board could accelerate the devaluation of shell companies, China Fortune Securities' analyst Yan Kaiwen said. ** The fluctuation is also likely due to the poor liquidity of B-shares, Yan added. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.95%, while Japan's Nikkei index closed down 0.12%. ** At 0718 GMT, the yuan was quoted at 7.0931 per U.S. dollar, 0.08% firmer than the previous close of 7.0988.
(RTTNews) - Kirin Holdings Co. Ltd. (KNBWF.PK, KNBWY.PK), a Japanese manufacturer of alcohol beverages and soft drinks, Tuesday reported a profit for the first quarter, reflecting lower expenses, despite slightly lower revenues.
Saudi Arabian stocks gained in early trade on Tuesday amid rising oil prices following the kingdom's pledge to deepen an output cut, while other Middle Eastern bourses were little changed.
German logistics group Deutsche Post AG said on Tuesday it sees signs that business is normalising in Europe, but the coronavirus crisis continued to weigh in April after dragging down first-quarter earnings.
BlackRock said it was "reviewing" its overweight position on southern euro zone debt, citing the recent German court ruling which risked undermining the European Central Bank's independence and limiting the size of its bond-buying stimulus.
Telecoms group Iliad said on Tuesday that business activity and the rollout of its broadband networks had slowed sharply because of coronavirus lockdowns in France and Italy but it kept its full-year targets.
India's automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year in a worst-case scenario as economic growth slumps due to the COVID-19 pandemic, and they are seeking government help through the crisis.
U.S.-Dutch insurer Aegon NV on Tuesday reported worse than expected first-quarter underlying income due to the impact of coronavirus and falling interest rates in the United States, where it does the bulk of its business under the Transamerica brand.
(RTTNews) - Dutch Life Insurer Aegon NV (AGN.L, AEG) reported Tuesday that its first-quarter net income was 1.27 billion euros, reflecting fair value gains of 1.372 billion euros, driven by a reduction in the valuation of the liabilities in the Netherlands, reflecting wider cred
(RTTNews) - Aareal Bank Group (AAALF.PK) reported that its first-quarter net income allocated to ordinary shareholders dropped to 2 million euros from last year's 35 million euros, hurt by the adverse effects of the Covid-19 pandemic, and by the resultant increase in loss allowa
(RTTNews) - Innogy (IGY.DE) reported first quarter net income to shareholders of 27 million euros compared to 661 million euros, prior year. Earnings per share was 0.05 euros compared to 1.19 euros. Adjusted net income was 154 million euros compared to 226 million euros, prior y
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