Some OPEC ministers had a conference call on Tuesday to discuss the oil price rout and possible extra measures to support the market but it took place without the core Gulf nations, highlighting a growing split inside the organisation.
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as the foreign ministry’s top official understands it is not being reopened, he said on Tuesday.
U.S. President Donald Trump and British Prime Minister Boris Johnson agreed on the need for a coordinated international response to the coronavirus pandemic, Downing Street and the White House said in separate statements on Tuesday.
Speculation on Kim' Jong Un's health increased after he was absent from pictures to mark a recent important anniversary.
The coronavirus pandemic has hit the US oil industry particularly hard. Oil prices have not been this low in history, and are forcing businesses and companies to file for bankruptcy, reports CNN.
Fitch Ratings - Hong Kong - 20 Apr 2020: Fitch Ratings has downgraded Hong Kong's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA-' from 'AA'. The Outlook is Stable.
China's economy plummeted 6.8% in the first three months of the year compared with a year earlier, the country's first such drop since Beijing began reporting quarterly gross domestic product in 1992.
The world is watching and waiting for data to see whether Gilead's investigational antiviral remdesivir can help fight COVID-19. And while some leaked early results suggest that it can, industry watchers will need to wait for data from Gilead's own controlled phase 3 study to know for sure.
The leaders of South Korea, China, Japan and ASEAN member states have agreed to push for a joint fund for medical supplies against pandemics like COVID-19, according to their joint statement released Wednesday.
China's exports and imports slowed their declines in March after plunging in the previous two months, but a sure-footed recovery in trade looks to be months away as the coronavirus outbreak shuts down many economies and sharply lowers global demand.
Russia will discuss reducing oil production by 14% – in proportion to the share in total production of countries that will agree to stabilize prices. The deal may include the United States, Mexico, Norway, Canada, and others with a total production of 70 million barrels in the day.
The Hong Kong government has announced a new HK$80 billion subsidy package to help employers retain and pay staff members. The scheme is part of a HK$137.5 billion relief fund to aid citizens and business as the city’s economy is hit by the coronavirus outbreak.
Mnuchin: President Trump considers reopening some areas of U.S.; will seek additional $250 billion in small business relief from Congress by Friday
Steven Mnuchin speaks in the press briefing room with Donald Trump, Mike Pence and Administrator Jovita Carranza of the Small Business Administration during the Coronavirus Task Force briefing on April 2. Americans have filed 10 million unemployment claims in the past two weeks, according to Forbes.
SMIC (00981.HK) announced an upward revision of its revenue and gross margin guidance for the three months ended 31 March 2020, which was originally released on 13 February.
The U.S. economy could shrink 30% or more this quarter as stay-at-home orders aimed at slowing the coronavirus outbreak choke off business, and it could be a couple of years before the economy regains its footing, former Federal Reserve Chair Ben Bernanke said on Tuesday.
Incensed by HSBC’s decision to cancel its dividend at the request of regulators last week, a group of more than 3,000 investors in Hong Kong demanded on Monday that the lender reinstate its final payout for 2019 and instead eliminate compensation for top management for a year.
President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic.
Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centres.
Spanish Prime Minister Pedro Sanchez urged the EU Sunday to issue "coronabonds," controversial pooled debt instruments to help the bloc's hardest hit countries fund their battle against the devastating economic impact of the pandemic.
Prime Minister Shinzo Abe intends to declare a state of emergency over the coronavirus outbreak in Japan, a government official said Monday, as a recent surge in infections sweeps Tokyo and other major cities.