Business
EU reinstates trade duties on some Cambodian imports over human rights violations
The European Union on Wednesday withdrew preferential market access to Cambodian products such as garments and footwear, hitting about a fifth of the country's exports to the bloc over "serious and systematic concerns related to human rights".
Australia's CBA to pay maximum dividend allowed despite COVID-19 hit
Commonwealth Bank of Australia (CBA) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations.
UK economic output collapses by 20.4% in second quarter
Britain's economy shrank by a record 20.4% between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, official figures showed on Wednesday.
Sensex, Nifty fall as metal, private banks slip
Indian shares fell and the Nifty snapped six straight sessions of gains on Wednesday, as metal and private sector banks lost ground, with rising coronavirus cases dampening investor sentiment.
Asian stocks fall on U.S. stimulus uncertainty
Asian stocks dipped on Wednesday on growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus.
US Inks $1.5 Billion Deal with Moderna for 100 Million Doses of Covid-19 Vaccine
The agreements would lock in more than 500 million doses of COVID-19 vaccine for the U.S., assuming that the companies involved receive regulatory approval.
Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers - White House document
President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular shortvideo app and make advertising on the platform illegal, according to a White House document seen by Reuters.
China's new bank loans fall more than expected but broad credit growth quickens
New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery.
Gold Hastens Retreat, Dips Below $2,000 on Firm Dollar
Elsewhere, silver dropped 3.5% to $28.13 per ounce, platinum fell 1.9% to $967.63 and palladium eased 0.4% to $2,210.62.
Sinovac launches Phase 3 trial for COVID-19 vaccine in Indonesia, reports Phase 2 details
China's Sinovac Biotech Ltd launched a latestage human trial on Tuesday that will involve as many as 1,620 patients in Indonesia for a COVID19 vaccine candidate that it is developing with Indonesian stateowned peer Bio Farma.
SoftBank drops operating profit measure, points to first-quarter Vision Fund gains
SoftBank Group Corp on Tuesday broke with tradition on Tuesday by not reporting operating profit, saying it was "not useful" as a measure of investment performance, and pointed to a firstquarter Vision Fund investment gain of $2.8 billion.
Aurubis maintains full-year earnings forecast after strong quarterly results
Aurubis AG, Europe's largest copper producer, on Tuesday confirmed its earnings forecast for its current financial year, after posting a sharp rise in quarterly earnings mainly on uninterrupted high production at smelter sites during the coronavirus crisi...
Global Markets: Asian stocks make gains despite Sino-U.S. tensions
Asian stock markets rose on Tuesday on relief that another round of SinoU.S. sparring appears not to have spilled over into trade, while hopes for U.S. stimulus lent support to oil and commodity currencies.
Global Markets: Asian stocks shrug off Sino-U.S. tension to resume gains
Asian stock markets rose on Tuesday on relief that another round of SinoU.S. sparring appears not to have spilled over into trade, while hopes for U.S. stimulus lent support to oil and commodity currencies.
AmEx in advanced talks to buy Softbank-backed Kabbage - Bloomberg News
American Express Co is in advanced discussions to buy online smallbusiness lender Kabbage Inc in an allcash deal, Bloomberg News reported https://www.bloomberg.com/news/articles/20200810/amexsaidtobeinadvancedtalkstobuysoftbankbackedkabbage?sref=vEQJzSks...
Foot Locker rides pent up demand, US pandemic assistance
Foot Locker expects to turn a second-quarter profit thanks in part to aid sent to Americans to help during the pandemic.
