Asia shares rally as BOJ buys more bonds; U.S. crude skids
Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while...
Taper Tantrum II? Fed’s slowing Treasury purchases may boost bond yields
The Federal Reserve’s gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government...
U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group...
Oil falls, June WTI leads losses on storage fears
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to...
Australia’s NAB taps investors for $2.2 billion as coronavirus halves profit
National Australia Bank Ltd , the country’s No.3 lender, asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend on Monday as its first-half...
Many U.S. businesses unlikely to seek government aid: NABE survey
A majority of U.S. companies expect to stay afloat for more than six months without government assistance, according to a survey on Monday, even though...
Asia shares gain as BOJ eases further; U.S. crude slips
Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while...
Starbucks says in partnership with Sequoia Capital China for investments
Starbucks on Monday said it has entered a strategic partnership with investment firm Sequoia Capital China that will see the two companies make strategic co-investments...
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million...
U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate...