[ad_1] SYDNEY/HONG KONG (Reuters) – Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on
Oil slumps further amid prospect of resurgence of coronavirus
[ad_1] TOKYO (Reuters) – Oil slumped on Monday, extending last week’s losses, as new coronavirus infections hit China, Japan and the United States’ increasing concerns that a resurgence of the virus could weigh on the
China says whether second-quarter GDP shows growth depends on June performance
[ad_1] A woman holding an umbrella rides a shared bicycle past an image of the Chinese flag after the lockdown was lifted in Wuhan, the capital of Hubei province and China’s epicentre of the novel
Saudi Aramco cuts July crude supplies to at least 5 buyers in Asia – sources
[ad_1] SINGAPORE (Reuters) – World’s largest oil exporter Saudi Aramco (2222.SE) has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday. FILE
Global Markets: Asian stocks, oil fall as second wave fears grow
[ad_1] SYDNEY (Reuters) – Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further
China’s May factory output rises less than expected
[ad_1] BEIJING (Reuters) – China’s industrial output rose for a second straight month in May but the gain was smaller than expected, suggesting the economy is still struggling to get back on track after the
Global Markets: Asian stocks, oil sell off on second wave fears
[ad_1] SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. FILE
Saudi Aramco buys SABIC shares on market as it completes acquisition
[ad_1] RIYADH/DUBAI (Reuters) – State-owned Saudi Aramco (2222.SE) bought 2.1 billion shares of Saudi Basic Industries (SABIC) (2010.SE) on the stock market on Sunday as it completed its deal agreed last year to buy 70%
Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
[ad_1] RIYADH/DUBAI (Reuters) – Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO)
As pandemic roils Canada, companies tap bond market by most in a decade
[ad_1] BENGALURU/TORONTO (Reuters) – Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade.