Australia's central bank kept rates at record lows on Tuesday and said it would do "whatever is necessary" to achieve its target of 0.25% for three-year government bond yields as it predicted a "very large" economic contraction next quarter.
France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.
Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus.
British Prime Minister Boris Johnson was fighting worsening coronavirus symptoms in an intensive care unit on Tuesday, leaving his foreign minister to lead the government's response to the accelerating outbreak.
China stocks rose about 2% on Tuesday as markets resumed trading after a long weekend, with investor sentiment lifted by Beijing's latest stimulus to shore up the world's second-largest economy and a drop in the new coronavirus cases.
India has dropped an anti-dumping investigation over imports of polyester feedstock monoethylene glycol (MEG) from Saudi Arabia, but will continue the effort against Kuwait, Oman, Singapore and the United Arab Emirates, the government said.
(RTTNews) - Asian stock markets are mostly higher on Tuesday, extending gains from the previous session amid indications that coronavirus pandemic may be levelling off in New York and receding in European coronavirus hotspots such as Italy and Spain.
The SARS-CoV-2 coronavirus continues to ravage the world and squeeze economies. Like many other business sectors, marijuana is feeling the pinch too. And although it might be a bit more resistant to the economic damage that's being caused, last week we saw indications that many
The sharp rise in trading volumes during closing auctions at global stock markets requires more innovation by brokers to capture value for buy-side investors, one of the world's largest asset managers said on Tuesday.
(RTTNews) - Boeing said Monday that it will temporarily suspend all 787 operations at its South Carolina factory until further notice, due to the Covid-19 pandemic.
Rizal Commercial Banking Corp has managed to increase the size of a domestic bond offering, despite a lockdown in Metro Manila and the rest of Luzon island.
(RTTNews) - Indian shares look set to open higher on Tuesday as traders return to their desks after a long holiday weekend. However, volatility is not ruled out due to lingering coronavirus concerns.
A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday. UPS declined to give the man's cause of death, citing medical privacy laws.
Sinopec-SK Wuhan Petrochemical Corp resumed work on Monday at an expansion project of the firm's petrochemical facilities after a halt of more than two months due to the coronavirus outbreak, state news agency Xinhua reported.
(RTTNews) - Ahead of Monday's holiday for Chakri Day, the Thai stock market had finished higher in two straight sessions, collecting almost 35 points or 3 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may add to its w
Brookfield Asset Management (NYSE: BAM) is apparently vying to be part of a massive energy deal in the Middle East. A report in Bloomberg, citing "people with knowledge of the matter," says the sprawling investment company is in talks to become part of a consortium bidding for a
Indonesia has raised $4.3 billion in its first so-called "pandemic bond", which included the longest-dated dollar debt tranche ever issued in Asia, according to a term-sheet seen by Reuters.
Asian stock markets rallied for a second day on Tuesday, and riskier currencies rose, buoyed by tentative signs the coronavirus crisis may be levelling off in New York and receding in Europe.
Reuters
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