(RTTNews) - United Airlines (UAL) is planning to further reduce its schedule and cut costs, saying that federal-government aid does not cover its total payroll expense. The aid represents only about 30 percent of its total costs. Meanwhile, the airline indicated that it could cu
Japan's Sumitomo Mitsui Financial Group Inc (SMFG) said on Thursday it would no longer lend to new coal-fired power plants from May 1, a day after peer Mizuho Financial Group Inc said it would stop financing new coal power projects.
The Australian and New Zealand dollars were under pressure on Thursday, as evidence of the damage the novel coronavirus was wreaking on the world economy soured risk sentiment, unravelling a chunk of their recent gains.
HONG KONG (Reuters Breakingviews) - China's coronavirus past is fuelling hope for global automakers. Car sales in the People's Republic got a boost during the 2003 SARS outbreak, as commuters avoided public transit and purchased personal vehicles for the first time. That
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The novel coronavirus is doing a number on the advertising industry, and on social media and other internet stocks that depend on selling ad space to support their revenue streams.
(RTTNews) - Indian shares are likely to open lower on Thursday, mirroring weak global cues as the total number of coronavirus cases surpassed two million globally, with Europe emerging as the worst hit continent. Fatalities around the world topped 133,000.
UK's competition watchdog said late Wednesday that it had started an investigation into ticket reseller Viagogos' $4.05 billion acquisition of eBay Inc's ticketing unit Stubhub that was completed in February.
Bulgaria's First Investment Bank (Fibank) has revamped a 200 million levs ($111.5 million) capital-raising plan that the regulator rejected earlier this year, in a crucial step as the EU member state boosts efforts towards adopting the euro.
(RTTNews) - The Thai stock market on Wednesday snapped the four-day winning streak in which it had gathered more than 50 points or 4.5 percent. The Stock Exchange of Thailand now rests just above the 1,235-point plateau and it's expected to open under pressure again on Thursday.
South Korea on Thursday announced three new members and extended the term of one incumbent member for the Bank of Korea's seven-member policy board, in a major reshuffle that may shed light on President Moon Jae-in's focus on property curbs and market stability.
Australia's unemployment rate ticked up only modestly in March against expectations for a larger spike as the data covered the period before major mobility restrictions to fight the coronavirus kicked in.
Australia's Crown Resorts Ltd has asked about 95% of its employees to stand down and also cut management pay to reduce costs as casino closures due to coronavirus-related movement restrictions weigh on the company.
China reported on Thursday fewer new coronavirus cases involving travellers arriving from overseas, but locally transmitted infections rose, with the Chinese capital seeing new local cases for the first time in more than three weeks.
Gold prices inched higher on Thursday as fears of a deep global recession due to the novel coronavirus outbreak were heightened by bleak U.S. economic data, while a stronger dollar limited the metal's gains.
(RTTNews) - The Hong Kong stock market on Wednesday halted the two-day winning streak in which it had jumped more than 460 points or 1.9 percent. The Hang Seng Index now sits just above the 24,145-point plateau and it's looking at another soft start again on Thursday.
(RTTNews) - The Australian stock market is notably lower on Thursday, extending losses from the previous session following the negative cues from Wall Street as weak economic data and earnings results highlighted the economic impact of the coronavirus pandemic.
Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an "unprecedented" toll on the region's service sector and major export destinations, the International Monetary Fund said on Thursday.
Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.