May 4, 2020

Trump administration pushing to rip global supply chains from China: officials

The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling […]
May 4, 2020

Pandemic slams Asia’s factories, activity hits financial-crisis lows

Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus […]
May 4, 2020

Citi names veteran Rizvi as APAC corporate banking head: memo

Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters […]
May 4, 2020

GM Korea to cut output of key SUV as virus hits U.S. exports: document

General Motors Co’s South Korean unit plans to sharply cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the coronavirus […]
May 4, 2020

Dollar edges up, Asian stocks slip as U.S.-China tensions flare

The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the […]
May 4, 2020

Oil prices lower on U.S.-China trade tension

Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as U.S.-China trade tension could hold […]
May 3, 2020

Oil prices open down on persistent oversupply worries

U.S. crude futures fell more than 5% in early trade on Monday, paring last week’s gains, on worries about oil oversupply and tempered hopes for an […]
May 3, 2020

U.S. airlines now requiring masks, promise more safety measures

With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning […]
May 3, 2020

White House adviser will not rule out more money for states, small businesses

White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the “tremendous hardships” of […]
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