Stocks, currencies drop on new COVID-19 variant
Emerging market assets were firmly in the red on Friday, with South Africa's rand dropping 2%, as a possibly more dangerous COVID-19 variant was detected, forcing new travel restrictions.
Emerging market assets were firmly in the red on Friday, with South Africa's rand dropping 2%, as a possibly more dangerous COVID-19 variant was detected, forcing new travel restrictions.
Here's what you need to know about the coronavirus right now:
FIFA is set to confirm the hosts of the 2030 and 2034 men's World Cups on Wednesday, with a three-continent, six-nation bid led by Morocco, Spain and Portugal to be awarded the former and the latter going to Saudi Arabia.
Myanmar has ceded its turn to chair the Southeast Asian regional bloc, an official confirmed on Tuesday, after the group agreed that an existing but widely criticised peace plan will continue to guide its response to the bloody conflict there.
Germany won their first-ever FIBA Basketball World Cup title by beating undermanned Serbia 83-77 in a slugfest of the two European powerhouses on Sunday in Manila.
Chinese Foreign Minister Qin Gang was removed from his post after just seven months in the job on Tuesday, bringing an end to weeks of confusion after the 57-year-old once seen as close to President Xi Jinping disappeared from public view.
A standoff over a remote gold mine in Papua New Guinea threatens Barrick Gold Corp Chief Executive Mark Bristow's streak of resolving thorny disputes with host governments, in the first major test he has faced outside his home patch of Africa.
Boeing failed to provide adequate training, guidance and oversight to prevent a mid-air cabin panel blowout of a new 737 MAX 9 flight in January 2024 that spun the planemaker into a major crisis, the National Transportation Safety Board said on Tuesday.
Freeport-McMoRan hopes U.S. President Donald Trump declares copper a critical mineral, a move that would unlock tax credits needed to boost American production of the red metal and offset global rivals, CEO Kathleen Quirk said on Monday.
JAKARTA – In East Kalimantan where Indonesia is building its new capital, a Range Rover costing more than half a million Singapore dollars has sparked public protests against one of the province’s ...
Since the resumption of diplomatic relations in 1990, China and Indonesia have seen comprehensive development in bilateral economic and trade cooperation. In recent years, this cooperation has ...
Australia risks losing its advantage in the green energy revolution if its leaders don't promptly commit to cutting carbon emissions by 2050, the country's richest man, Fortescue Metals Group founder Andrew Forrest said on Monday.
Life near tropical forests is changing fast with more deaths and less time to work outdoors due to extreme heat, researchers said on Thursday, and the fallout from deforestation and climate change is only set to worsen.
Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that are chasing bigger returns and turning away from regulatory turmoil in Chinese markets, even at the risk of slower growth.
Most emerging Asian stocks gained footing on Monday, led by strong gains in Taiwan and South Korea, while currencies in the region struggled as uncertainty around the ongoing U.S.-Iran peace deal clouded investor sentiment.
ASEAN foreign ministers on Wednesday called for regional unity in addressing an intensifying conflict in Myanmar, amid doubts over the bloc's capability to implement a two-year-old peace process that has yet to get off the ground.
Most Asian emerging currencies and equities traded in the positive territory on Tuesday, with the Indian rupee and Malaysian ringgit leading gains, but markets remained under pressure amid the overarching effects of the Omicron variant.
Levi Strauss raised its annual revenue and profit forecasts after beating quarterly estimates on Thursday, betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty.
Russia's war in Ukraine is to blame for exacerbating "already dire" world food insecurity, with price and supply shocks adding to global inflationary pressures, U.S. Treasury Secretary Janet Yellen said on Tuesday.
The Philippines and China traded blame as tensions over claims in the vital waterway escalate.
India may issue an alert on cough syrup exported by Marion Biotech, whose products have been linked to deaths in Uzbekistan, after tests showed many of the company's drug samples contained toxins, a drug inspector said on Saturday.
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it will temporarily suspend importation of dogs from 113 countries classified as high risk for dog rabies effective July 14.