Finance

COVID-19 recovery hopes, sustained economic confidence lift sentiment Share prices in Chinese mainland bourses rose on Tuesday on rising COVID-19 recovery hopes and increased confidence about the domestic economy, with agricultural and technology firms in the limelight. The benchmark Shanghai…

Chinese smartphone makers may face short-term challenges due to the novel coronavirus lockdowns but demand for their cutting-edge devices remains robust globally over the long term, industry experts said on Tuesday. Wang Xiang, president of Xiaomi Corp, said the company’s…

What’s in a QR code? Lots of things: a link to an advertisement, your digital wallet or maybe access to a doctor’s appointment. But the two-dimensional digital square ubiquitous to Chinese internet users is also playing a growing role in…

China’s foreign exchange reserves fell for the second consecutive month in March to $3.06 trillion, as the value of reserves in other currencies fell due to the global financial market turmoil and decline in oil prices amid the novel coronavirus…

Convicted former drug company CEO Martin Shkreli, known as “Pharma Bro,” wants to get out of prison so he can help research a treatment for the coronavirus, his lawyer said Tuesday. Defense attorney Ben Brafman said that he will file…

LONDON/BENGALURU (Reuters) – As several European borders limit travel to stop the spread of COVID-19, two of the world’s biggest pulp makers say transportation logjams are delaying shipments of the raw material – the only ingredient in the toilet paper…

WASHINGTON (Reuters) – The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt. So…

SYDNEY (Reuters) – Australia’s Treasury Wine Estates Ltd (TWE.AX) said it may spin off the prestigious Penfolds label and shrink its low-end “commercial” division in the United States as it seeks ways to grow profit amid upheaval brought by the…

(Reuters) – Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak. Tesla said it planned to resume normal…