News

Armenia's economy expanded 3.8% year-on-year in the first quarter of 2020, down from 7.1% growth in the same period of 2019, preliminary official data showed on Thursday.

The monthly tally of defaults in the U.S. leveraged loan market has hit a six-year high, data from Fitch Ratings showed, as companies are either missing payments or filing for bankruptcy because of the fallout from the coronavirus pandemic.

Most Southeast Asian stock markets rose on Thursday as hopes of a rebound in economic activity were boosted by countries easing coronavirus-induced restrictions and expectations of stimulus measures from China, the region's biggest trading partner. China is expected to announce measures to boost the world's secon

Read More

Lebanon's central bank will start providing dollars for food imports as part of "necessary measures" to defend the battered local currency, whose slump has sent prices skyrocketing.

* Britain has already secured 100 million doses (Recasts headline and lead)

When the U.S. Department of Justice charged a handful of JP Morgan Chase & Co traders in 2018 and 2019 with alleged commodities futures manipulation, it wasn't the first time the government had probed the bank's metals trading activities.

Lebanon's central bank said on Thursday it would start taking "necessary measures" to defend the local currency as of May 27, including providing dollars for essential food imports.

Kenya's biggest bank by assets, KCB Group, has restructured more than 110 billion shillings ($1 billion) of its loans to customers and up to a quarter of its book could be affected by mid-June, its chief executive told Reuters.

A romantic dinner for two. The wine is excellent, the food delicious. It's almost like the good old days. Except for the giant, see-through lampshades on your heads.

The London Metal Exchange's open outcry trading floor may remain closed for many more months as it cannot be reopened under COVID-19 social distancing restrictions, the head of the exchange said.