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China's factory activity quickens to 3-month high, economy recovering: PMI

While most of the economy has reopened, many manufacturers are still struggling due to weak overseas orders as global demand falters

Gilead prices Covid-19 drug remdesivir at $2,340 in developed nations

Remdesivir is expected to be in high demand as one of the only treatments so far shown to alter the course of Covid-19

Oil prices slip as weak Japan data exposes market jitters over weak demand

Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday's 92-cent gain

Iran issues arrest warrant for Donald Trump, asks Interpol to help

The United States and Interpol both dismissed the idea of acting on such a warrant.

Wall Street opens higher on hopes of stimulus, decline in Covid-19 cases

The Dow Jones Industrial Average rose 136.90 points, or 0.55%, to 25,152.45 at the open.

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics

OPEC has cut oil output in June as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics

Gilead's Covid-19 drug remdesivir to cost $2,340 per patient in US

The price for US private insurance companies will be $520 per vial, the drugmaker said, which equates to a total of $3,120 per patient

India plans incentives to double auto exports in next five years: Report

Govt wants to promote exports and has identified some sectors, including autos and textiles, for which incentive plans are being designed, said a senior government official

Crude oil price slide on sharp uptick in coronavirus cases globally

Brent crude dropped 84 cents, or 2%, to $40.18 a barrel by 0833 GMT, and U.S. crude fell 72 cents, or 1.8%, to $37.77

China's factory activity likely slowed in June on subdued global demand

China's factory activity might have grown for a fourth month in June but the pace could be waning, as global demand stayed subdued while there was a fresh coronavirus outbreak in the Chinese capital

Yield curve control a double-edged sword for BoJ as low rates strain banks

The Bank of Japan's push to keep borrowing costs low to cushion the economic blow from the coronavirus is coming at the expense of the country's lenders

Covid hits Australia's golden economy, country faces rocky road to recovery

The unemployment rate for females looking for full-time work surged to 8.3% in May from 5.4% in February before coronavirus-driven shutdowns kicked in

Japan's retail sales extend fall in May as Covid-19 hurts consumer spending

The sustained downturn in demand raises risks that the world's third-largest economy could remain mired in recession longer than expected and a revival may be more sluggish

Nissan CEO reiterates pledge to step down if he fails to deliver recovery

"At the last extraordinary shareholders meeting ... I said that if Nissan's performance does not improve, please fire me," Uchida told shareholders at the company's general meeting

Airbus CEO Faury sees production declining by 40% over the next two years

Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted as saying

Nissan denies corporate conspiracy to oust ex-chairman Carlos Ghosn

It now aims to sell 5 million vehicles a year, far fewer than past ambitions of 8 million

Chinese firms take record 50% of global equity raised in first half of 2020

China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong

Shale pioneer Chesapeake Energy largest US oil producer to seek bankruptcy

The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

The initial round of purchases included some 86 issuers, about half of them contractually settled as of June 18 and some still underway, all bought on the secondary market

Oil falls in second straight session as virus lockdown cools demand

Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures