Australia's gross domestic product fell 7% in the June quarter — the "largest quarterly fall on record" — according to the Australian Bureau of Statistics.
Australia on Wednesday became the latest country to officially enter a recession as the coronavirus pandemic continues to devastate economies worldwide.
The Chinese yuan isn't going to unseat the U.S. dollar anytime soon, but its presence has slowly been creeping up in global reserves as well as international trade.
A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today's retirees, according to a Credit Suisse report.
China was the most enthusiastic country with 97% of respondents indicating they would be vaccinated, while Russia was the least willing with only 54% interested to do so.
A private survey released Tuesday showed Chinese manufacturing activity in August expanding at the fastest pace in nearly a decade, with the Caixin/Markit manufacturing Purchasing Managers' Index coming in at 53.1 for the month.
The five largest Chinese banks posted at least 10% year-on-year fall in profits during the first half of 2020 as they set aside more funds for potential loan losses in the coming months.
China announced Monday that manufacturing activity expanded in August, with the official manufacturing Purchasing Managers' Index for that month coming in at 51.0, according to the National Bureau of Statistics.
Milos Vystrcil arrived in Taipei on Sunday on a visit to promote business links with Taiwan, saying the Czech Republic would not bow to Beijing's objections.
Shares in Japan slipped on Friday following local media reports the country's Prime Minister, Shinzo Abe, is set to step down. Abe later confirmed his surprise resignation during a Friday press conference after the market close in Japan.
The U.S. government wanted a technology provider as the lead bidder on a deal for TikTok, pushing Walmart toward Microsoft and away from a consortium with SoftBank and Alphabet.
Chinese tech giant Alibaba's affiliate Ant Group on Tuesday filed for a concurrent listing on the Shanghai Stock Exchange's STAR market and the Hong Kong stock exchange.
Singapore's Straits Times Index is among Asia's worst performing indexes so far in 2020. It is still down more than 21% year to date as of Wednesday afternoon Singapore time, according to Refinitiv Eikon.
Greater participation by Malaysian retail investors has hit a record high this year, while foreign funds retreated from several stock markets around Asia.
Some Indonesian students may never catch up with their learning as a result of school closures to contain the coronavirus, according to a report by Singaporean think tank ISEAS-Yusof Ishak Institute.
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