Business

Britain's economy shrank by a record 20.4% between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, official figures showed on Wednesday.

Chinese tech giant Tencent Holding is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd, which entered the business just months ago.

Foxconn, the world's largest contract electronics manufacturer, reported a betterthanexpected quarterly profit on Wednesday, as rising telecommuting demand amid the coronavirus pandemic offset slowing smartphone sales.

Australian wages grew at their slowest pace on record in the second quarter, underscoring the damage the coronavirus has done to household spending, after recent data showed consumer confidence and business conditions were hit.

European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade in oil from the Amazon rainforest.

President Donald Trump has threatened to ban the shortvideo app TikTok and messaging service WeChat by late September on grounds that the Chineseowned apps pose a national security threat. It would mark the first time the United States has attempted to sh...

A gauge of global equity markets inched toward an alltime peak on Tuesday, with the S&P 500 nearing a record high, lifted by hopes for fresh U.S. stimulus and signs of a growing American economy that spurred yields to climb and thrashed gold prices.

Crude oil prices rose on Tuesday, underpinned by expectations of U.S. economic stimulus to support the world's biggest oil consumer as well as a rebound in Asian demand as economies pick up.

Adidas has seen no impact on its sales from employee complaints over racism at the German sportswear company that led to the departure of its human resources boss, Chief Executive Kasper Rorsted said on Tuesday.

According to Moody's the trend toward a more fragmented and protectionist global economy will likely accelerate as a result of the pandemic, with restrictions on trade, investment and technology transfers.

A onetime debt restructuring allowed by the Reserve Bank of India (RBI) to help lenders and borrowers amid the COVID19 pandemic will prolong uncertainty about the banking sector's asset quality, Fitch Ratings said on Tuesday.

India's Nifty 50 index closed up for a sixth straight session on Tuesday, led by gains in banks and metal stocks, with betterthanfeared domestic earnings reports supporting risk appetite.

Shares in Singapore's Keppel Corp fell 13% on Tuesday after Temasek Holdings abandoned its $3 billion offer for the conglomerate by invoking a material adverse change clause following the company's poor financial results.

Singapore's record recession was deeper than first thought in the second quarter, data showed on Tuesday, signalling a lengthy path to recovery as the coronavirus pandemic dealt a major blow to Asia's tradereliant economies.

Gold fell on Tuesday as the dollar firmed after Beijing slapped sanctions on U.S. officials in the latest flareup in tensions between Washington and Beijing, with investors also keeping a close watch on negotiations over a U.S. stimulus plan.

Shares in Singapore's Keppel Corp fell 13% on Tuesday after Temasek Holdings abandoned its $3 billion conditional offer for the conglomerate by invoking a material adverse change clause following the company's poor financial results.