[ad_1] TOKYO/NEW YORK (Reuters) – Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global
Gold recovers from 3% slump as dollar, Asian equities ease
[ad_1] (Reuters) – Gold prices on Wednesday clawed back from a steep fall in the previous session, as the U.S. dollar eased following the Federal Reserve’s latest stimulus boost and as Asian equities slipped with
Asahi wins conditional Australia nod for $11 billion AB InBev unit buy
[ad_1] (Reuters) – Japan’s Asahi Group Holdings Ltd (2502.T) won conditional approval from Australia’s competition regulator for its $11 billion purchase of Anheuser-Busch InBev’s (ABI.BR) domestic operations after agreeing to sell five beer and cider
Stocks under pressure after biggest quarterly drop since 2008
[ad_1] NEW YORK (Reuters) – Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than
Some banking systems may need help in worst-case scenario – IMF
[ad_1] WASHINGTON (Reuters) – Some countries’ banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund
U.S. backs minimum flights on airline routes in assistance review
[ad_1] WASHINGTON (Reuters) – The U.S. Transportation Department on Tuesday proposed that passenger airlines should be required to maintain minimum numbers of flights as a condition for receiving aid from the government’s $50 billion grant
Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades
[ad_1] (Reuters) – Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on
U.S. offers to lift Venezuela sanctions for power-sharing deal, shifting policy
[ad_1] WASHINGTON (Reuters) – The Trump administration on Tuesday offered to begin lifting Venezuela sanctions if the opposition and members of President Nicolas Maduro’s Socialist Party form an interim government without him, marking a shift
Trump completes rollback of Obama-era vehicle fuel efficiency rules
[ad_1] WASHINGTON (Reuters) – President Donald Trump’s administration on Tuesday completed a rollback of vehicle emissions standards adopted under his predecessor Barack Obama and will require 1.5% annual increases in efficiency through 2026 – far
Garment exporter Bangladesh faces $6 billion hit as world retailers cancel orders
[ad_1] DHAKA (Reuters) – Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world’s largest brands and retailers,