Markets

REUTERS: As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural catastrophes were already ...

Virgin Atlantic plans 1,150 more job cuts due to a slow recovery in demand, the airline said on Friday after completing a restructuring deal designed to keep it going through the coronavirus crisis.

The day California finally allowed hair salons to reopen after months of pandemic restrictions should have been a happy one for the sisters who own Hourglass Salon + Boutique in Sacramento. Instead, they spent it hauling out boxes and figuring out how to tell customers they were closing.

Futures tracking the S&P 500 and Dow indexes bounced on Friday after Wall Street's worst session since June, with attention turning to the crucial jobs report that is likely to show a faltering recovery in the labor market.

TAIPEI: The United States and Taiwan said on Friday (Sep 4) they were seeking "like-minded" democracies to join a shift in global supply chains during the coronavirus pandemic, as Washington looks to accelerate a move away from economic reliance on China. The Trump administration is taking action ...

Market volatility is back - and investors expect more wild swings in the coming weeks and months as the U.S. presidential election closes in.

The White House has asked U.S. government agencies for extensive details of any funding that seeks to counter China's global influence and business practices, or supports Beijing, amid growing tensions between Washington and Beijing.

VIENTIANE: Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential debt default, people with direct knowledge of the agreement said. The deal comes at a time when critics accuse Beijing of "debt trap diplomacy" to...

TOKYO: Japan's tuna market, the world's largest, is taking an outsized hit from the COVID-19 pandemic, pressuring restaurants and wholesalers at Tokyo's sprawling Toyosu fish market to adapt to survive. Businesses had hoped for more activity after Japan lifted its state of emergency in late May ...

China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying.