Business SG

US jobless claims top 6 million for second straight week

Channel News Asia SG Business - April 10, 2020

World seeks economic remedy as COVID-19 death toll mounts

Channel News Asia SG Business - April 10, 2020

US jobless claims top 6 million for second straight week

Channel News Asia SG Business - April 10, 2020

The number of Americans seeking unemployment benefits in the last three weeks likely totaled a...

World seeks economic remedy as COVID-19 death toll mounts

Channel News Asia SG Business - April 10, 2020

BRUSSELS: World powers scrambled on Thursday (Apr 9) to build a global response to the human...

Wall Street rises on US$2.3 trillion Fed backstop

Channel News Asia SG Business - April 10, 2020

U.S. stock index futures dipped on Thursday as investors braced for another staggering weekly jobless...

Fed will continue to act ‘forcefully, proactively and aggressively’: Powell

Channel News Asia SG Business - April 10, 2020

WASHINGTON: The Federal Reserve will continue to use all the tools at its disposal until...

IMF chief says COVID-19 pandemic will unleash worst recession since Great Depres...

Channel News Asia SG Business - April 10, 2020

The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering...

Global stocks jump on Fed stimulus, hopes pandemic is slowing

Channel News Asia SG Business - April 10, 2020

Global equity benchmarks gained on Thursday following signs that governments and central banks are taking...

US Treasury’s Mnuchin says airline aid ‘next big thing’ to be rolled out

Channel News Asia SG Business - April 10, 2020

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin said on Thursday that aid for airlines will be...

Alphabet soup: How will post-virus economic recovery shape up?

Channel News Asia SG Business - April 10, 2020

LONDON: Will be it a U? A V? Maybe a W? Predictions for economic recovery...

UK retailer Debenhams enters administration again

Channel News Asia SG Business - April 10, 2020

British department store group Debenhams, whose 142 UK stores have been shuttered by the coronavirus...

Morgan Stanley CEO James Gorman has recovered from COVID-19

Channel News Asia SG Business - April 10, 2020

Morgan Stanley’s Chief Executive Officer James Gorman said he has fully recovered from the illness...

Demand for video calling continues to surge, Microsoft and others say

Channel News Asia SG Business - April 10, 2020

Microsoft Corp said on Thursday that video calling and educational usage of its Teams productivity...

Exclusive: JPMorgan looking to offload Saudi and UAE sovereign fund loans –...

Channel News Asia SG Business - April 10, 2020

JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds...

COVID-19 lockdown drives jump in vodka and whisky sales in Russia

Channel News Asia SG Business - April 10, 2020

MOSCOW: Russian retailers have seen a sharp spike in alcohol sales in recent weeks, with...

Fed rolls out US$2.3 trillion to backstop ‘Main Street,’ local gover...

Channel News Asia SG Business - April 10, 2020

The U.S. Federal Reserve on Thursday rolled out a broad, US$2.3 trillion effort to bolster...

France’s carmaker Renault drops dividend over coronavirus crisis: source

Channel News Asia SG Business - April 10, 2020

French carmaker Renault’s board has decided to cancel its dividend on 2019 earnings in light...

White House to announce economic coronavirus task force soon: senior administrat...

Channel News Asia SG Business - April 10, 2020

The White House is expected to announce soon formation of a second coronavirus task force,...

S&P cuts Renault bonds to ‘junk’ and downgrades outlook on PSA

Channel News Asia SG Business - April 9, 2020

Credit rating agency Standard & Poor’s (S&P) delivered downgrades on Thursday to France’s top car...

US bank results to focus on looming loan losses during coronavirus

Channel News Asia SG Business - April 9, 2020

How much money will U.S. banks lose on loans because of the coronavirus recession?...

Futures dip ahead of weekly jobless claims number

Channel News Asia SG Business - April 9, 2020

U.S. stock index futures dipped on Thursday as investors braced for another staggering weekly jobless...

France rules Google must pay news firms for content

Channel News Asia SG Business - April 9, 2020

France’s competition authority ruled on Thursday that Google must pay French publishing companies and news...

Prague aims to get a grip on Airbnb with coronavirus crisis laws

Channel News Asia SG Business - April 9, 2020

Officials in Prague are using the coronavirus crisis to get a firmer grip on short-term...

Exclusive: Wall Street firm dangled up to 175per cent returns to investors using...

Channel News Asia SG Business - April 9, 2020

A New York investment firm pitched wealthy investors in recent days on a way to...

Cognizant withdraws 2020 forecast on coronavirus uncertainty

Channel News Asia SG Business - April 9, 2020

REUTERS: Cognizant Technology Solutions Corp said on Thursday it was withdrawing its forecast for the...

Saudi, Russia debate record oil cut as US resists action

Channel News Asia SG Business - April 9, 2020

OPEC and Russia meet on Thursday to try to agree to record oil output cuts...

May is crunch time for US auto suppliers amid coronavirus shutdown

Channel News Asia SG Business - April 9, 2020

Auto parts maker Kevin Clay landed a series of new contracts from customers early this...

Individuals and small businesses receive new incentives to use PayNow

Channel News Asia SG Business - April 9, 2020

SINGAPORE: New incentives have been announced to encourage individuals and small businesses to sign up...

Nissan seeks US$4.6 billion credit line as coronavirus hammers car demand -sourc...

Channel News Asia SG Business - April 9, 2020

Nissan Motor Co Ltd has requested a US$4.6 billion commitment line from major lenders to...

Bank of England agrees to finance UK government if markets turn sour

Channel News Asia SG Business - April 9, 2020

LONDON: The Bank of England has agreed temporarily to lend money to the government to...

US Senate tells members to avoid Zoom over data security concerns: Report

Channel News Asia SG Business - April 9, 2020

The U.S. Senate has told its members to not use Zoom’s video conferencing app due...

Tesla’s China sales hit record high in March: industry association

Channel News Asia SG Business - April 9, 2020

Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in...

Exclusive: Airbnb restricts bookings on its platform in Britain

Channel News Asia SG Business - April 9, 2020

Home rental firm Airbnb blocked British bookings on its platform for the vast majority of...

Costco set to open new store in China’s Suzhou city

Channel News Asia SG Business - April 9, 2020

U.S. retail giant Costco will open a new store in China’s eastern city of Suzhou,...

CFM Holdings gets go-ahead to continue operations

Business Times - April 9, 2020

METAL-STAMPING firm CFM Holdings on Thursday said it has received verbal approval from the authorities...

Linus Lim appointed as CEO of Phillip Capital Management

Business Times - April 9, 2020

PHILLIP Capital Management  (PCM) on Thursday said that Linus Lim has been appointed its chief...

ABS gives cash incentive to small businesses that sign up for PayNow

Business Times - April 9, 2020

The Association of Banks in Singapore will give away S$500,000 as a reward to small...

UBS and Credit Suisse bow to regulator pressure on dividends

Channel News Asia SG Business - April 9, 2020

Switzerland’s two big banks, UBS and Credit Suisse , said they decided to pay out...

Singapore extends assessment of digital bank licences due to COVID-19 outbreak

Channel News Asia SG Business - April 9, 2020

SINGAPORE: The Monetary Authority of Singapore (MAS) said it has extended the assessment period for...

Chinese online retailers offer discounts on iPhone 11 as country recovers from C...

Channel News Asia SG Business - April 9, 2020

SHANGHAI: Several Chinese online retailers have offered discounts on Apple’s iPhone 11, Reuters checks on...

California developer says COVID-19 an act of God, sues Exxon over stalled deal

Channel News Asia SG Business - April 9, 2020

A California retail developer claims the state’s coronavirus lockdown was an act of God that...

Advertisers shun coronavirus coverage, hastening news media battle for survival

Channel News Asia SG Business - April 9, 2020

From Rupert Murdoch’s News UK to McClatchy’s chain of local newspapers across the United States,...

Takeaway.com’s orders hurt in March by lockdown, but recover

Channel News Asia SG Business - April 9, 2020

Just Eat Takeaway, Europe’s largest online food ordering and delivery company, said on Thursday orders...

Hong Kong tourism chief pins hopes on COVID-19 recovery starting by July

Channel News Asia SG Business - April 9, 2020

The impact of the novel coronavirus on Hong Kong’s tourism sector is unprecedented and the...

US weekly jobless claims seen hovering near record highs

Channel News Asia SG Business - April 9, 2020

The number of Americans seeking unemployment benefits in the last three weeks likely totaled a...

US Senate tells members to avoid Zoom over data security concerns – FT

Channel News Asia SG Business - April 9, 2020

The U.S. Senate has told its members to not use Zoom’s video conferencing app due...

Investcorp buys German cybersecurity firm Avira

Channel News Asia SG Business - April 9, 2020

BERLIN: German cybersecurity firm Avira said on Thursday that it had agreed to be acquired...

Prudential to issue US$1b in 10-year notes

Business Times - April 9, 2020

BRITISH life insurance and financial services company Prudential plc has priced US$1 billion worth of...

MAS delays digital bank licence results to H2 2020

Business Times - April 9, 2020

SINGAPORE’S digital banking contenders will need to wait a bit longer to know whether they...

Streaming service Disney+ crosses 50 million paid subscribers globally

Channel News Asia SG Business - April 9, 2020

Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid...

Google gifts two-months access to Stadia Pro as gamers stay at home

Channel News Asia SG Business - April 9, 2020

Alphabet Inc’s Google said on Wednesday it would give two months of free access to...

As delivery workers emerge as COVID-19 frontline soldiers, India’s governm...

Channel News Asia SG Business - April 9, 2020

Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to...

US approves Google request to use segment of US-Asia undersea cable

Channel News Asia SG Business - April 9, 2020

The Federal Communications Commission (FCC) on Wednesday approved Alphabet Inc unit Google’s request to use...

Exxon used economic uncertainty to push for Paulsboro, N.J., contract: sources

Channel News Asia SG Business - April 9, 2020

Exxon Mobil Corp used economic uncertainty tied to the coronavirus pandemic to urge workers at...

Zoom hires ex-Facebook security chief as Google bans desktop app

Channel News Asia SG Business - April 9, 2020

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser...

Asian stocks gain on hopes pandemic is approaching peak

Channel News Asia SG Business - April 9, 2020

Asian shares were poised to track Wall Street’s gains on Thursday on hopes the coronavirus...

Pokka settles lawsuit with ex-CEO Alain Ong

Business Times - April 9, 2020

BEVERAGE giant Pokka and its former chief executive Alain Ong have reached an amicable settlement in...

DBS ties up with China’s Haier Group to offer digital distributor financing

Business Times - April 9, 2020

DBS announced on Thursday that it is partnering Chinese consumer electronics maker Haier Group to...

Mexican president lashes out at companies over layoffs, taxes as big business se...

Channel News Asia SG Business - April 9, 2020

Mexico’s president threw himself into a new confrontation with businesses on Wednesday, accusing big companies...

Risk currencies buoyed by cautious hopes pandemic is peaking

Channel News Asia SG Business - April 9, 2020

Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although...

Mexico auto sector to resume operations once US industry gears up

Channel News Asia SG Business - April 9, 2020

Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume...

Russia, Saudi to debate oil output cuts as US resists joining

Channel News Asia SG Business - April 9, 2020

OPEC and Russia meet on Thursday to try to agree to record oil output cuts...