Hong Kong Stocks Fall Further, Bucking Regional Rally

Indexes in Japan and Australia led regional gains on Monday, with a nearly 1.5% increase. South Korea's Kospi Composite advanced more than 0.5%. 


 
China's Top Diplomat Urges U.S. to Cooperate on Coronavirus for 'Future of Humanity'

Foreign Minister Wang Yi called for more cooperation with the U.S. to address the pandemic and backed the World Health Organization, which the U.S. has accused of lavishing favor on Beijing. 


 
Economy Week Ahead: Consumer Confidence, Spending, Inflation

U.S. consumer spending and inflation data for April are expected to show another big drop-off in household purchases and an emerging disinflationary trend. 


 
Economy Recovering, but Unemployment Likely to Remain High, Trump Adviser Says

The first shoots of an economic recovery from shutdowns caused by the coronavirus pandemic are starting to emerge, but the U.S. is likely to face a sustained period of record-high unemployment. 


 
German Finalized GDP Confirms Sharpest Decline Since 2009

The German economy posted its biggest decline in output in the first quarter since the financial crisis, with second estimate GDP data confirming preliminary figures. 


 
GOP Considers Back-to-Work Bonuses

Senate Republicans are considering cash incentives for unemployed Americans to resume working, as an alternative to the extension of enhanced jobless benefits supported by Democrats. 


 
Chinese Official: Economic Growth Remains Crucial For Creating Jobs, Eradicating Poverty

Though China's government didn't set a growth target for 2020, economic growth remains crucial for the country to create enough jobs and eradicate poverty, the head of the National Bureau of Statistics said. 


 
State, Local Budget Woes Create Drag for Recovery Prospects

The hit to U.S. state and local finances from the coronavirus pandemic could be a drag on the nation's economic recovery for years to come, if the past is any guide. 


 
U.S. Restricts Travel From Brazil as Virus Deaths Near 100,000

The U.S. imposed new travel restrictions on Brazil as Covid-19 cases there have risen sharply, while the coronavirus-related death toll at home was approaching 100,000 over the Memorial Day holiday weekend. 


 
Chinese Developers Drag Asia's Junk-Bond Market Out of the Doldrums

Asia's junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery.