American Airlines, Delta, United to require facial coverings on U.S. flights

Three of the largest four U.S. airlines said Thursday they will require passengers to wear facial coverings on U.S. flights, joining JetBlue Airways Corp in taking the step to address the spread of the coronavirus and convince reluctant passengers to resume flying.

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U.S. not considering canceling debt held by China - Trump adviser

President Donald Trump's top economic adviser said on Thursday the administration was not considering cancelling some debt held by China as a way to strike at Beijing for perceived shortfalls in its candidness on the coronavirus pandemic.

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South Korea's exports suffer worst slump in 11 years as pandemic shatters world trade

The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signalling a bleak outlook for international trade as the pandemic paralyses the world economy and shatters demand.

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Deflation fears creep back in Japan as pandemic hits prices

Consumer prices in Japan's capital city fell for the first time in three years in April and national factory activity slumped, data showed on Friday, increasing worries the coronavirus pandemic could tip the country back into deflation.

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Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus

U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.

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Oil prices surge again U.S. stockpiles grow less than feared, output cuts kick in

Oil prices jumped on Friday, extending the previous session's gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic.

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Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs

Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.

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Apple, Huawei boost market share, as first-quarter China smartphone shipments fall - Canalys

Apple Inc and Huawei Technologies each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday.

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Reliance suffers worst profit fall in over 11 years on weak fuel demand

Reliance Industries Ltd, operator of the world's biggest refining complex, reported a 39% slump in its March quarter profit, the steepest drop since December 2008, as a sharp fall in oil prices and lower fuel demand hammered its dominant energy businesses.

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India markets closed on Friday for holiday

India's currency, debt and equity markets are closed on Friday, May 1, for a public holiday.

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Coronavirus shatters silver screen dreams for Bollywood

India's Hindi film industry, purveyor of song-and-dance spectacles to millions, will take at least two years to recover financially from the coronavirus pandemic, which is threatening big-ticket projects, putting at risk tens of thousands of jobs.

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Oil prices surge again U.S. stockpiles grow less than feared, output cuts kick in

Oil prices jumped on Friday, extending the previous session's gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic.

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China reports 12 new coronavirus cases versus four a day earlier

China reported 12 new coronavirus cases for April 30, up from four a day earlier, data from the country's health authority showed on Friday.

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