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Russian oil and gas condensate output up in September

Russian oil and gas condensate output up in September

Russian oil and gas condensate production edged up to 9.93 million barrels per day (bpd) in September, Interfax said on Friday, citing Energy Ministry data that suggests Russia slightly exceeded its quota under a global supply…

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Dollar, yen jump after Trump tests positive for COVID-19

Dollar, yen jump after Trump tests positive for COVID-19

The dollar jumped and the safe-haven yen hit its highest level of the week on Friday after U.S. President Donald Trump said he tested positive for COVID-19 and entered quarantine. The news could cause a…

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Google drops Australia from News Showcase launch amid regulator rancour

Google drops Australia from News Showcase launch amid regulator rancour

Google has postponed the Australian roll-out of News Showcase citing regulatory complications, just three months after announcing the product, as the U.S. internet giant grapples with one of the most audacious attempts to police its…

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Tokyo Stock Exchange resumes after outage debacle, market steady

Tokyo Stock Exchange resumes after outage debacle, market steady

The Tokyo Stock Exchange (TSE) resumed normal trading on Friday, with the main index holding steady a day after the worst-ever outage brought the world’s third-largest equity market to a standstill. The glitch was the…

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China’s manufacturing activity expanded in September ahead of Golden Week holidays

China’s manufacturing activity expanded in September ahead of Golden Week holidays

China on Wednesday announced that manufacturing activity expanded in the month of September as the world’s second largest economy continued to show signs of recovery from the coronavirus pandemic. The official manufacturing Purchasing Manager’s Index (PMI) for the month…

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Alibaba needs to look for growth beyond China and Southeast Asia in a ‘bipolar world for technology’

Alibaba needs to look for growth beyond China and Southeast Asia in a ‘bipolar world for technology’

Chinese tech giant Alibaba needs to look beyond China and Southeast Asia in order to sustain current levels of growth, an analyst said Thursday. With more than 750 million active users in China, Alibaba is at a…

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European stocks modestly higher, tracking gains on Wall Street; Bayer down 9%

European stocks modestly higher, tracking gains on Wall Street; Bayer down 9%

The pan-European Stoxx 600 climbed 0.3% in early trade, retail stocks adding 1.2% while travel and leisure stocks slid 1.3%. The mood among European markets is following a trend in the U.S., where stock futures rose as…

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TV networks to reap ad windfall from U.S. election chaos 

TV networks to reap ad windfall from U.S. election chaos 

Television news networks will benefit from a U.S. presidential race that may not be decided on election night. With few sporting events and a captive audience due to the COVID-19 pandemic, a drawn-out, nail-biter of…

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Huawei CFO Meng back in Canadian court fighting U.S. extradition 

Huawei CFO Meng back in Canadian court fighting U.S. extradition 

Huawei Technologies Chief Financial Officer Meng Wanzhou will be back in a Canadian courtroom on Monday as her lawyers resume their fight to block the United States’ efforts to extradite her. Meng, 48, was arrested…

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European Stocks Seen Higher; Strong Chinese Data Helps 

European Stocks Seen Higher; Strong Chinese Data Helps 

European stock markets are seen opening higher Monday, helped by positive Chinese data, but gains are likely to be tentative as rising coronavirus cases continue to fan fears of further economic weakness in the region.…

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