A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo on Friday. Associated Press
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,
The Japanese yen regained its footing on Friday after a bruising week, as the spread of coronavirus cases knocked down stocks and boosted demand for traditional safety plays from bonds to gold.
Japan has approved shipments of a high-tech material to South Korean (SK) market for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming
Global shares dipped on Friday as data out of China, the eurozone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in US fiscal stimulus.
Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as the business environment deteriorates after a clash on their Himalayan border.
Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.