SINGAPORE (Reuters) - The dollar clawed back some of the week’s losses on Thursday, as investors brought a more cautious tone to trade, while Sino-U.S. tensions and weak economic indicators dampened the mood.
TOKYO/WASHINGTON (Reuters) - Asian shares stepped back slightly and U.S. stock futures fell on Thursday as lingering caution about the long-term impact of the coronavirus outbreak offset some of this week’s enthusiasm over re-opening of economies.
KOBE, Japan—Sumitomo Rubber Industries Ltd.'s operating profit for the quarter ended March 31 fell 54.1 percent to $25.3 million on 9.7 percent lower sales as the company dealt with the global economic impact of the COVID-19 pandemic.
TOKYO (Reuters) - The decline in Japan’s factory activity accelerated in May as output and orders slumped, highlighting increasing stress in the manufacturing sector from the coronavirus pandemic.
SINGAPORE (Reuters) - The dollar nursed broad losses on Thursday and riskier currencies held gains as investors looked to a bright recovery from the COVID-19 pandemic, shrugging off diabolical forecasts and rising Sino-U.S. tension.
WASHINGTON (Reuters) - Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.
