Coronavirus forces HSBC to cut global growth forecasts, again
Europe’s biggest bank, HSBC has cut already bleak global growth forecasts even further, as lockdown restrictions extended through April and tentative economic re-openings drag on...
Pandemic stirs Wall Street’s social conscience
Worker welfare is having a moment on Wall Street....
Cathay Pacific losing money, says business outlook remains ‘very bleak’
Cathay Pacific Airways Ltd said on Friday it made an unaudited loss of HK$4.5 billion ($580.53 million) at its full-service airlines in the first four...
Australia’s Westpac files defence in money-laundering case
Australia’s second largest bank Westpac Banking Corp on Friday said it has filed its defence in a case where it is accused of 23 million...
Airline industry not likely to recover for at least a year: Southwest CEO
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months, Southwest Airlines Co Chief Executive...
Asia shares struggle as coronavirus strains U.S.-China relations
Asian stocks struggled to extend gains on Friday and were on course to end the week lower as deteriorating U.S.-China relations undercut optimism over the...
Coronavirus likely hammered U.S. retail sales again in April
U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the...
U.S. regulator is reviewing Abbott’s fast COVID test after studies raise accuracy concerns
The U.S. Food and Drug Administration said on Thursday that Abbott Laboratories’ speedy coronavirus test, which can deliver results within minutes and is used at...
India’s farmers gather record wheat crop, but cannot move it
Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country’s largest-ever wheat harvest in Haryana...
Asian stocks set to rise on optimism of post-lockdown recovery, stimulus
Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus...