Markets

BEIJING: China's economy shrank 6.8 per cent in January-March from a year earlier, official data showed on Friday (Apr 17), the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. The historic slump in the world's second-largest economy comes after ...

The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad due to the coronavirus, a survey showed on Friday.

Oil prices rose on Friday with Brent gaining nearly 3per cent after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products.

SINGAPORE: Singapore's non-oil domestic exports (NODX) rose 12.8 per cent on a seasonally adjusted month-on-month basis in March, reversing the previous month's 4.7 per cent decline. Both electronic and non-electronic domestic exports increased, according to official data released on Friday (Apr ...

Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.

Carnival Corp Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling high-profile coronavirus outbreaks aboard two of its ships.

PARIS: The French government may call on banks to contribute to a bailout of Air France KLM if it offers state support to the struggling airline, the finance minister said on Thursday (Apr 16). The government has earmarked 20 billion euros (US$21.7 billion) to recapitalise - or nationalise if...

BANGKOK: In the months leading up to the COVID-19 pandemic, the world’s aviation industry was facing some of its steepest environmental and ideological challenges. Damaging carbon emissions remained on the rise and “flight shaming”, driven by teenage activist Greta Thunberg, had travellers ...

Amid calls to lower commission fees, food delivery apps should rethink their business operations – including considering asking some consumers to pay more, says Jonathan Chang.

Japan, despite its high-tech reputation, has very low-tech tastes, says Financial Times’ Leo Lewis.