The number of initial jobless claims in the United States soared to reach 6.65 million last week, doubling the record set a week earlier, as the economic impact of the COVID-19 pandemic ripples across the country. Full Story

Developing Asia's economy to decline sharply in 2020 due to COVID-19: ADB report

The regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the COVID-19 pandemic before recovering in 2021, according to a new report by the Asian Development Bank (ADB) released on Friday. Full Story

China lifts foreign ownership limits on securities, fund management firms

China scrapped the limitations on the ratio of foreign shareholding in securities and fund management firms on Wednesday, a move that shows wider opening-up of its financial industry. Full Story

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