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'No trade war': Australia after China imposes import tariffs on barley

"The reality is they have used a process, quite fairly, around a belief that we have not been fair in our trade," agriculture minister says

'All my dreams are shattered' - Coronavirus crushes Asia's garment industry

Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries

Nasdaq to tighten IPO rules, restricting Chinese companies to debut: Report

Nasdaq's curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies

Moderna's Covid-19 vaccine shows early promise; shares soar around 20%

The data are from eight people who took part in a safety trial that kicked off in March as the global pandemic caused by the novel coronavirus was spreading.

Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

Wall Street surges on hopes for stimulus, Covid-19 vaccine; Dow rises 3.2%

Investors have kept a close eye on vaccine programs of several drugmakers, cheering any positive development amid fears of a second wave of infections as governments start easing restrictions

Tata Steel Dutch workers unions slam 1,000 job cut plans, vow to fight

Tata Steel employs around 9,000 people at IJmuiden, about 25 km (15.5 miles) northwest of Amsterdam

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

Johnnie Walker maker Diageo exploring options to delist in India: Report

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years

Aramco may cut govt payout as drop in oil prices hits first-quarter profits

Saudi Arabian Oil Co., as the company is formally known, pledged an annual dividend of $75 billion for the first five years to attract investors to its initial public offering in December last year

Benchmark bond yield rises sharply after govt plans to hike borrowing

Traders said yields could rise further in the absence of any immediate support from the central bank in the form of an open market calendar

US govt predicts more job losses, in talks with Congress on Covid-19 relief

While Democrats, who control the House of Representatives, are moving to unveil new legislation as early as this week, the White House signaled it is in no hurry to pass another relief bill

Govt issues guidelines for factory resumption after Vizag gas leak

The guidelines come days after a gas leak killed 11 people and hospitalised 800 others at a plant in southern India operated by a subsidiary of South Korean petrochemicals maker LG Chem Ltd

Bankruptcy court approves Neiman Marcus' plea to access financing

The Dallas-based retailer plans to cede control to creditors in exchange for eliminating $4 billion of debt. Its debt currently totals about $5 billion

Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer and German partner BioNTech SE (22UAy.F) said on Tuesday they have begun delivering doses of their coronavirus vaccine candidates for initial human testing in the United States.

WHO readies coronavirus app for checking symptoms, possibly contact tracing

Several countries are ramping up contact tracing, or the process of finding, testing and isolating individuals who crossed paths with an infectious individual

Trump 'torn' over US-China trade deal as advisers push to fulfill its terms

The deal brought a partial truce to an 18-month trade war between the world's two largest economies that heaped U.S. tariffs on some $370 billion worth of Chinese imports

Covid-19 crisis fuels huge US job losses as pandemic breaches White House

White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month

Pakistan's fiscal deficit to surge, tax revenue to miss target in 2020: FM

Fear of an economic meltdown is said to be the main reason behind ending the shutdown at a time when the country's curve, or rate of infections, is edging up sharply

Bitcoin 'halving' to shore up market value with steady demand: Experts

The previous events fueled huge rallies in bitcoin's market value, but there is a wildcard this time in the form of the coronavirus pandemic, some analysts said.