Business

Malaysia on Friday charged former finance minister and senior opposition leader Lim Guan Eng with corruption for seeking a bribe on a $1.5 billion infrastructure project.

China's iron ore imports in July surged to a record, up 24% from a year earlier, customs data showed on Friday, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from the coronavirus pandemic.

A top U.S. biofuel industry trade group said it has cut lobbying spending as the coronavirus pandemic has slammed members eager to press demands with President Donald Trump, who hopes to win the cornproducing state Iowa in November.

Asian shares tumbled on Friday after U.S. President Donald Trump ratcheted up alreadyheightened tensions with Beijing by banning U.S. transactions with China's tech giant Tencent as well as ByteDance, the owner of videosharing app TikTok.

Saudi Arabia's energy minister and Iraqi counterpart stressed, in a phone call, their countries' full commitment to an OPEC+ deal curbing oil production, Iraqi state news agency said on Friday citing a joint statement from both ministries.

Asia shares were poised to open higher on Friday, tracking global equity markets' overnight gains as investors awaited a U.S. nonfarm payrolls report.

Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in midJuly.

With the nation still gripped by an alarming resurgence of coronavirus cases, the U.S. government will provide its latest snapshot Thursday of the layoffs that have remained elevated at a weekly pace above 1 million since the pandemic erupted in March.

Deutsche Bank said on Thursday it had revised up its GDP forecasts for 2020, noting that recovery from the coronavirusinduced plunge in economic activity was progressing faster than it had earlier expected.

Locked down, hot and desperate for a dip? If you live in Indianapolis and fancy putting a pool in your back yard there's a threeweek wait but that's just for an appointment to order one for next year.

Shares in Aviva jumped more than 7% on Thursday as new CEO Amanda Blanc said the British life, motor and home insurer would reduce its focus on Asia and Europe, a strategy change welcomed by analysts.

Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a twoyear low on fears that the recovery in the world's biggest economy was lagging others.

Japan's Nintendo Co Ltd on Thursday reported a 428% jump in firstquarter profit, driven by ongoing demand for the Switch console and hit title Animal Crossing: New Horizons as the coronavirus outbreak boosts the games industry.

German sportswear firm Adidas said on Thursday it expects a rebound in profits in the third quarter after it plunged to a big loss in the second quarter when the majority of its stores were closed due to coronavirus lockdowns.

Ministers from a transPacific trade bloc have agreed to fight protectionism and avoid food and medicine shortages during the coronavirus pandemic, they said in a joint statement published on Wednesday.

The resurgence of coronavirus infections has muted the economic recovery and Congress needs to support the economy by continuing to provide enhanced unemployment benefits and aid to state and local governments, Dallas Federal Reserve Bank President Robert...