(RTTNews) - Asian stock markets are mostly higher on Wednesday with modest gains despite the weak cues overnight from Wall Street after a surprise interest rate cut by the Federal Reserve. The South Korean market is rising more than 2 percent after the government unveiled a $9.8
Gold prices rose on Wednesday, extending gains from a 3% rise in the previous session as the U.S. Federal Reserve slashed its benchmark interest rate to cushion the economic impact from the fast-spreading coronavirus.
The Australian Football League (AFL) said on Wednesday the game between St Kilda Saints and Port Adelaide Power scheduled for May 31 in China had been moved out of the country due to the coronavirus outbreak.
What happened
Shares of XPO Logistics (NYSE: XPO) traded down 16.8% in February, according to data from S&P Global Market Intelligence. The shipping company's shares were up as much as 10% for the month until a late February sell-off, dropping nearly 25% as concerns about t
The Australian dollar edged higher on Wednesday as surprisingly upbeat data provided a welcome dose of relief about the domestic economy, while an emergency rate cut in the United States weighed on its U.S. counterpart.
(RTTNews) - The Thai stock market on Tuesday snapped the two-day slide in which it had tumbled almost 60 points or 4.3 percent. The Stock Exchange of Thailand now rests just above the 1,375-point plateau and it's looking at a lower open again on Wednesday.
According to reports in local media, the Maine state legislature's revenue forecasting committee is estimating that sales of recreational marijuana will begin in June, not this month as previously expected.
(RTTNews) - Exor (EXOSF.PK), which controls Fiat Chrysler, said that it has entered a memorandum of understanding to sell PartnerRe to France's Covea for $9 billion in cash.
(RTTNews) - The Indonesia stock market on Tuesday halted the seven-day losing streak in which it had plummeted almost 620 points or 11 percent. The Jakarta Composite Index now rests just beneath the 5,520-point plateau although it figures to open in the red again on Wednesday.
(RTTNews) - The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the three-day losing streak in which it had fallen almost 850 points or 3.1 percent. The Hang Seng Index now rests just above the 26,28
(RTTNews) - The China stock market has finished higher in two straight sessions, gathering more than 110 points or 3.6 percent along the way. The Shanghai Composite Index now rests just above the 2,990-point plateau although the rally may stall on Wednesday.
Taiwan will 'have no problem' maintaining economic growth of 2% this year, its statistics chief said on Wednesday, amid concerns that a coronavirus outbreak could hit the economy of the island which is a key part of the global technology supply chain.
(RTTNews) - The Taiwan stock market on Tuesday ended the three-day losing streak in which it had skidded almost 370 points or 3.3 percent. The Taiwan Stock Exchange now rests just above the 11,325-point plateau although predicted to open under pressure again on Wednesday.
(RTTNews) - MorphoSys AG (MOR) and Incyte Corp. (INCY) said that their joint collaboration and license agreement for the further development and global commercialization of MorphoSys' investigational compound tafasitamab has received antitrust clearance and becomes effective tod
(RTTNews) - The Japanese stock market opened lower on Wednesday and the safe-haven yen strengthened following the negative cues overnight from Wall Street after a surprise rate cut by the Federal Reserve. However, the market has recovered and is now modestly higher.
China's services sector had its worst month on record in February as new orders plummeted to their lowest level since the global financial crisis, a business survey showed on Wednesday, with economists urging swift support to avoid mass bankruptcies.
Gold prices rose on Wednesday, after surging more than 3% in the previous session as the U.S. Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak.
Hong Kong-based Bank of East Asia Ltd (BEA), said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the support of activist investor Elliott Management.