Business

Malaysia's government on Tuesday said it will seek to reroute a $10.6 billion rail project being built across the peninsula under China's "Belt and Road" trade initiative, and as a result will reassess the cost and schedule with the Chinese contractor.

The Organization of the Petroleum Exporting Countries and its allies may discuss this month countries which have lagged in reducing their oil output under a global oil cut deal, Russian Energy Minister Alexander Novak was quoted as saying on Monday.

The German economy is recovering from the coronavirus shock and will reach its precrisis size at the beginning of 2022 at the latest, Finance Minister Olaf Scholz told Reuters on Monday but he added more debt was needed to sustain the achieved progress.

AirAsia Group Bhd is looking to raise as much as 2.5 billion ringgit ($602 million) by yearend, and is also reviewing its business in Japan as the airline seeks to weather the COVID19 crisis, its chief executive said on Monday.

Asian shares were on the defensive on Monday as investors grappled with skyhigh valuations against the backdrop of a global economy in the grip of a deep coronavirusinduced recession while oil prices dropped sharply.

President Xi Jinping pledged to open Chinas service industries wider to foreign competitors as its first inperson trade fair since the coronavirus outbreak opened under intensive antidisease controls.

Britain named former Australian Prime Minister, Tony Abbott, as a trade adviser on Friday, rejecting complaints from critics that his conservative views about women and gay people made him unfit to represent the United Kingdom.

Nissan says it has developed a new way to produce hightech auto parts that highlights the Japanese automakers engineering finesse, even as it faces a criminal trial in an ongoing scandal involving former Chairman Carlos Ghosn.

Chinese President Xi Jinping said on Friday he supports the city of Beijing in setting up a pilot free trade zone to open up the service sector and digital economy, as well as scientific and technological innovation.

Staterun REC on Friday said it is seeking shareholders' approval to raise its overall borrowing limit Rs 4.5 lakh crore from the existing Rs 3.5 lakh crore. The company's 51st annual general meeting (AGM) is scheduled to be held on September 25. "...

Gold prices rose on Friday, as U.S. Treasury yields fell and a pullback in global equities bolstered demand for the safehaven metal ahead of the U.S. nonfarm payrolls report.

Asia's stock markets had their worst session in two weeks on Friday following a techled plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.

Passage of government funding legislation is separate from negotiations between Congress and the White House over another coronavirus relief bill, but with the government funding deadline approaching, talk has increased in Washington about merging the two...

Benchmark U.S. crude oil for October delivery fell 14 cents to $41.37 a barrel Thursday. Brent crude oil for November delivery fell 36 cents to $44.07 a barrel.

Wall Street's main indexes fell on Thursday as technologyfocused stocks lost strength, while elevated jobless claims and a slowdown in services sector fueled fears of a slow and prolonged economic recovery.

U.S. drugmaker Pfizer said it should know by the end of October whether a COVID19 vaccine it is developing is successful, and will submit it for approval immediately if that is the case.