Business

A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show.

China is continuing to buy U.S. goods, particularly commodities, under its Phase 1 trade deal with the United States, despite rising tensions over Hong Kong and other issues, top White House economic adviser Larry Kudlow said on Tuesday.

SoftBank Group Corp broke with tradition on Tuesday and declined to disclose operating profit in its quarterly results, saying the measure was "not useful" to gauge performance, and instead pointed to a $2.8 billion gain at its Vision Fund.

Japan posted its smallest current account surplus in more than five years in June, Ministry of Finance data showed on Tuesday, mainly due to a slump in exports, highlighting the heavy hit to external demand from the coronavirus pandemic.

China's Sinovac Biotech Ltd launched on Tuesday a latestage human trial involving as many as 1,620 patients in Indonesia for a COVID19 vaccine candidate that it is developing with Indonesian stateowned peer Bio Farma.

Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirusrelated economic stimulus.

Interglobe Aviation Ltd , which runs India's largest airline IndiGo, said on Monday it will raise up to 40 billion rupees ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash during the COVID19 pandemic which...

Shares were mostly higher in Asia on Monday after President Donald Trump issued executive orders to provide tax relief and stopgap unemployment benefits for Americans hit by the fallout from the coronavirus pandemic.

Taimur Saleem Jhagra, the health minister of Khyber Pakhtunkhwa province said this during question hour in the provincial assembly session on Friday.

Canada will slap retaliatory tariffs on C$3.6 billion ($2.7 billion) worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said on Friday.

The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed.

Pfizer Inc said on Friday it signed a multiyear agreement to make Gilead Sciences Inc's antiviral drug remdesivir in a bid to ramp up supply of the COVID19 treatment.

The bank has already lowered lending rates by 115 basis points (1.15 per cent) since February this year and with this pause, the repo rate is still at a record low of 4 per cent.

Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in midJuly.

Canada's Bombardier Inc missed quarterly earnings estimates on Thursday, hurt by higher costs in its train business and a more than 40% drop in business jet deliveries due to the COVID19 pandemic.

Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.