The dollar extended its dramatic fall Friday, putting it on course for its biggest monthly drop in a decade as investors fretted that a rebound in the US economy would be derailed by the struggle to stem the coronavirus epidemic. Weakness in the US currency propelled the euro higher, with...

The US economy shrank at a dizzying 33% annual rate in the April-June quarter - by far the worst quarterly plunge ever - when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce...

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday. Canalys said the embattled firm, which is facing US sanctions, shipped 55.8 million devices -- overtaking Samsung for the first time,...

Iraq’s government agreed to sign a contract with JGC Corp to build a 55,000 barrels per day refinery in the southern region of Basra, the oil ministry said in a statement on Wednesday. The refinery will produce fuels including liquified petroleum gas, gasoline and gasoil, it said,...