Financial Markets

Samsung vice-chairman fined 70 million won for anaesthetic drug use

Lee Jae-yong was found guilty of having repeatedly taken the anaesthetic propofol at a plastic surgery clinic in Seoul dozens of times over several years

Western Union restarts money transfers to Afghanistan to ease financial burden on US-based Afghans' families

Remittances from Afghans living abroad are crucial for the impoverished country's economy and amounted to almost $789 billion last year, according to the World Bank.

Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end

The price falls in oil come after front-month Brent and WTI prices posted their strongest monthly gains in years in May

Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets

Oil prices edged lower on Friday after US inventory data showed lacklustre fuel demand in the world’s largest oil consumer

Asian stocks extend gains after Chinese trade data better than expected, some countries partly lift restrictions

Chinese shares strengthened on Tuesday with the blue-chip index up 0.9 percent.

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

The Fed’s total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008.

Stock Market Today LIVE Updates: Yes Bank shares jump nearly 100% in 3 days; private lender to hold press conference today

Yes Bank shares jump nearly 100% in 3 days; private lender to hold press conference today

Fed slashes rates; global central banks coordinate to cushion world economy from coronavirus blow

In a news conference, Federal Reserve chairman Jerome Powell said the epidemic was having a “profound” impact on the economy, forcing whole industries like travel and leisure offline.

Stocks savaged, Italy on lockdown; US President Donald Trump seeks to reassure as coronavirus spreads

Major European stock markets dived more than 7 percent, Japanese indexes fell over 5 percent and US markets sank over 7 percent after Saudi Arabia launched an oil price war with Russia

Stock sell-off rolls to Asia, bonds rally on coronavirus risk stoking fears of a prolonged world economic slowdown

The spread of a new coronavirus has accelerated so much in Europe, Britain and North America that investors who once played down the virus are now re-assessing the risks, which means more volatility in financial markets