Asian shares skid amid virus woes, China-US trade tensions
TOKYO — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy.…
Asian markets mostly lower as virus forces new lockdowns
A lack of substantial progress by US lawmakers on a new stimulus package is also frustrating traders, while China-US tensions continued as the White House considers measures against Chinese tech…
Record economic plunge, bleak jobs numbers reveal virus toll
A shopper passes a display window with mask covered mannequins at a dress store, Thursday, July 30, 2020, in McAllen, Texas. (AP) WASHINGTON — The coronavirus pandemic sent the U.S.…
Asia markets slip as dour US data reinforce worries over virus
HONG KONG, China – Asian markets struggled and the dollar extended losses Friday on data showing the US economy suffered its worst quarter on record, while a tweet from Donald…
New virus outbreak dashes hopes for quick Hong Kong economic recovery
FILE PHOTO: A lion sculpture is seen in front of office towers at the financial Central district in Hong Kong, China May 25, 2017. REUTERS/Bobby Yip HONG KONG–Hong Kong’s long…
Virus and grounded plane send Boeing to $2.4 billion 2Q loss
FILE – In this Jan. 25, 2011, file photo, is the Boeing Company logo on the property in El Segundo, Calif. (AP Photo/Reed Saxon, File) Boeing is reporting a $2.4…
PH to buck economic recovery trend in Asia-Pacific as virus cases continue to rise
MANILA, Philippines – The research arm of debt watcher Moody’s on Friday said that while Asia-Pacific as a whole was already leading the global economic recovery, the Philippines’ COVID-19 lockdown—now…
New record in virus cases pulls down PSEi for 3rd day
The local stock barometer slipped for the third straight session on Thursday as the number of new coronavirus disease cases continued to rise while foreign funds continued to flow out.The…
DOF: PH still has margin of freedom to borrow in virus fight
With the share of the Philippines’ foreign debt to its economy relatively low compared to most of its Asian neighbors, the government could afford to borrow more in its fight…
Asian shares retreat as virus vaccine rally fades
Shares fell back in Asia on Thursday after markets worldwide rallied on rising hopes for a COVID-19 vaccine. A man walks past an electronic stock board showing Japan’s Nikkei 225…