Hong Kong-listed smartphone maker Xiaomi is planning an 8 billion yuan ($1.13 billion) panda bond issue to fund coronavirus prevention efforts, its first onshore issuance, two sources with knowledge of the matter told Reuters.
A dozen countries in the Middle East and Central Asia have asked the International Monetary Fund for financial support in dealing with the coronavirus, and the Kyrgyz Republic is likely to receive the first emergency disbursement, the fund said.
The United States added its significant weight to calls for the Tokyo Games to be postponed due to the coronavirus pandemic, with New Zealand Olympic organisers seeking a swift decision to allow teams to reset and prepare for a delayed event.
(RTTNews) - Today's Daily Dose brings you news about Aytu BioScience's progress in its COVID-19 diagnostic tests, Roche's myeloid leukemia trial results, Milestone Pharma's disappointing NODE-301 trial results and Hoth Therapeutics getting on the bandwagon of COVID-19 drug devel
Charges for processing copper concentrate in China have fallen for the first time since December, as the coronavirus outbreak and associated curbs hit operations at overseas mines and leave smelters uncertain over future supply.
Australian athletes were feeling a mixture of regret and relief on Tuesday following the national Olympic committee's decision to pull out of the 2020 Tokyo Games due to the coronavirus, while the country's top soccer competition also fell victim to the outbreak.
Evidence of the devastation wreaked on the global economy by the coronavirus pandemic mounted on Tuesday as activity surveys for March from Australia and Japan showed record falls, with surveys in Europe and the United States expected to be just as dire.
Suncor Energy Inc on Monday cut its 2020 production outlook and suspended share repurchases for the year following the decline in crude oil prices and due to the economic impact of the coronavirus outbreak.
The Australian and New Zealand dollars climbed for a third straight session on Tuesday against the greenback which slipped after the U.S. Federal Reserve assured financial markets of infinite support to ease liquidity woes.
Chinese equities rose on Tuesday, tracking a regional rally after the U.S. Federal Reserve unleashed a barrage of support measures to ease a global cash crunch, although a sharp rise in new coronavirus cases in China checked gains.
The pandemic is taking its toll on aerospace manufacturing, as Boeing Co announced it would halt production of most widebody jets and Airbus SE restarted only partial output after a four-day shutdown as suppliers cut jobs.
Agricultural Bank of China (ABC) plans to issue special bonds worth 40 billion yuan ($5.65 billion) to support efforts to fight the spread of coronavirus, two sources with knowledge of the plans told Reuters.
Indian shares were set to follow Asian peers higher on Tuesday after their worst single-day fall in history, as sentiment improved after the U.S. Federal Reserve pledged to spend as much as needed to steady the financial system.
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity.
(RTTNews) - Indian shares look set to open higher on Tuesday, mirroring firm Asian markets and recovery in U.S. stock futures after the U.S. Federal Reserve launched unlimited bond buying and promised other steps to support the world's largest economy.
(RTTNews) - Twitter Inc. (TWTR) said it now expects operating loss in the first-quarter, and quarterly revenue to be down slightly on a year-over-year basis, citing the impact of the COVID-19 pandemic.
A slim majority of economists expect Thailand to cut its benchmark interest rate to a new low on Wednesday, a Reuters poll showed, after slashing it in a surprise meeting last week to mitigate the hit to its economy from the coronavirus outbreak.
England's Premiership Rugby is considering midweek matches and staging multiple games behind closed doors at a single venue to complete the 2019-20 season, league chief executive Darren Childs has said.
The U.S. Securities and Exchange Commission (SEC) said on Monday it will allow temporary flexibility to borrow and enter into certain other lending arrangements for registered investment companies affected by the coronavirus pandemic.