China’s Alibaba Group Holding Ltd (BABA.N) beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow…
View More Alibaba beats estimates as pandemic fuels online, cloud computing demand
China will take “all necessary measures” to protect its firms’ legitimate interests, the Commerce Ministry said on Thursday, in response to the U.S. move this…
View More China vows all necessary measures to protect its firms following U.S. curbs on Huawei
The Federal Reserve’s doubts over the U.S. economic recovery kept markets in the red on Thursday, even though European stock indexes spent the morning recovering…
View More Oil and stocks fall as markets still rattled by Fed minutes
Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make…
View More OPEC+ needs to fix daily oversupply of more than two million barrels, document shows
The S&P 500 and the Dow slipped further on Thursday after weekly jobless claims rose unexpectedly back above the 1 million mark last week, lending…
View More Wall Street slips as jobless claims climb back to one million