Shares of Japan’s Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year. TOKYO: Japan’s Mitsubishi Motors faced doubts about a quick recovery after posting […]
Day: July 27, 2020
Remington Arms Co on Monday filed for Chapter 11 bankruptcy protection for the second time in two years as the U.S. gunmaker faced financial troubles partly because some retailers placed restrictions on gun sales after school shootings. REUTERS: Remington Arms Co on Monday filed for Chapter 11 bankruptcy protection for […]
Shares of Samsung Electronics rallied on Tuesday, joining its bigger rival TSMC, driven by growing expectations that the chipmakers may benefit from Intel Corp’s plan to outsource more chip manufacturing. SEOUL: Shares of Samsung Electronics rallied on Tuesday, joining its bigger rival TSMC, driven by growing expectations that the chipmakers […]
GENEVA: Bans on international travel cannot stay in place indefinitely, and countries are going to have to do more to reduce the spread of the novel coronavirus within their borders, the World Health Organization said on Monday (Jul 27). A surge of infections has prompted countries to reimpose some travel […]
TOKYO: The United States has awarded a US$265 million contract to a Texas facility of Japan’s Fujifilm Holdings to step up production of a coronavirus vaccine candidate, President Donald Trump said. Trump made the announcement on Monday (Jul 27), as he toured another Fujifilm facility in North Carolina. The order […]
SYDNEY: Australian police on Tuesday (Jul 28) detained at least one person and ordered about 50 others to disperse after they gathered in Sydney to go ahead with a Black Lives Matter protest despite an official ban because of the COVID-19 pandemic. The march, arranged to build on momentum from […]
SHANGHAI: China’s football squad will be limited to “three or four” Brazil-born players, a senior official told AFP, as ex-Chelsea star Oscar expressed an interest in becoming the latest Brazilian to represent the world’s most populous country. Unless there is a radical policy change by FIFA, the Shanghai SIPG attacking […]
HONG KONG: Gold chalked up another record on Tuesday (Jul 28) with the dollar extending losses and traders rushing into safe havens as fears about the coronavirus pandemic mounted, while equity markets rose on hopes for a fresh US stimulus package and more Federal Reserve largesse. With worrying new spikes […]
Gold rocketed to record peaks at US$1,975 on Tuesday while the U.S. dollar plumbed two-year lows as investors wagered the Federal Reserve would reaffirm its super-easy policy outlook this week, and a tolerance for higher inflation. SYDNEY: Gold hurtled to record peaks on Tuesday before the sheer scale of its […]
Italy’s government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters. ROME: Italy’s government is studying a plan to create […]