China's economy contracted sharply in the second quarter while annual growth also slowed significantly, highlighting the colossal toll on activity from widespread COVID lockdowns, which jolted industrial production and consumer spending.
Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth.
TSMC shares rose over 3% on Friday outperforming the broader market, after the Taiwanese chipmaker announced forecast-beating second-quarter profit, with analysts buoyant on the firm's outlook despite some downside concern.
Indonesia booked a larger than expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday.
The Japanese government is hoping to restart four nuclear reactors by winter to prevent a potential power crunch, industry minister Koichi Hagiuda said at a news conference on Friday.
China's central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy after the easing made during COVID lockdowns.
Indiana's attorney general said on Thursday he was investigating whether the Indiana physician who performed an abortion on a 10-year-old Ohio rape victim abided by state laws requiring doctors to report the termination of a pregnancy and suspected cases of child abuse.
Detection in the Chinese city of Wuhan of a bacteria that caused cholera in a student and was separately found in samples from softshell turtles at a food market has struck a sensitive nerve with ordinary Chinese people, with some relating it to COVID-19.
China's crude oil throughput in June fell 9.7% over the same month last year to 54.94 million tonnes, the National Bureau of Statistics said on Friday.
China's primary aluminium production rose 3.2% to 3.39 million tonnes in June from a year earlier, according to data released by the National Bureau of Statistics on Friday.
(RTTNews) - The Indonesia stock market on Thursday wrote a finish to the three-day slide in which it had stumbled almost 100 points or 1.5 percent. The Jakarta Composite Index now sits just beneath the 6,690-point plateau although it may head south again on Friday.
(RTTNews) - Software AG (STWRY.PK) reported that, on an organic basis, preliminary EBIT for the second quarter declined to 46.8 million euros from 50.1 million euros last year.
China's economic growth slowed sharply in the second quarter, expanding 0.4% year-on-year and missing expectations, official data showed on Friday, as widespread lockdowns to curb record COVID cases hit industrial activity and consumer spending.
Salvadoran Finance Minister Alejandro Zelaya minimized on Thursday the potential positive impact of a long-delayed deal with the International Monetary Fund, even as the highly indebted country stares down a possible medium-term default.
Rio Tinto on Friday reported a 4.7% jump in second-quarter iron ore shipments as deliveries from its key Gudai-Darri project in the Pilbara region offset adverse weather conditions and labour shortage issues.
Australian shares are set to open lower on Friday after the country's strong jobs data and a red-hot U.S. inflation reading bolstered fears of a possible recession, while poor underlying prices are expected to weigh on domestic commodity stocks.