FITCH Solutions has lowered its forecast for the Singapore dollar's (SGD) 2020 average exchange rate to S$1.425 per US dollar (USD), from its previous average forecast of S$1.385, in light of the Covid-19 crisis.
Norwegian Air shareholders backed key elements of its financial survival plan on Monday, local media reported, with about 95per cent of votes cast supported converting debt into equity.
LONDON: Norway's Pexip announced virtual roadshows on Monday in a step towards becoming the first European company to complete an initial public offering (IPO) remotely, as it looks to build on demand for video-conferencing due to the coronavirus crisis. Pexip, which rivals video conferencing ...
J. Crew Group Inc filed for bankruptcy protection on Monday, adding to an array of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the coronavirus pandemic.
SINGAPORE: Amid concerns raised about high merchant commission fees charged by food delivery platforms, Senior Minister of State for Trade and Industry Chee Hong Tat said on Monday (May 4) that careful consideration needs to be made on whether legislation is the appropriate solution in this matter ...
Spain's Telefonica SA confirmed on Monday it has opened talks with billionaire John Malone's Liberty Global Plc over a possible merger of the two companies' businesses in Britain.
The European Union's competition watchdog on Monday approved 7 billion euros worth of French state aid for Air France AIRF.PA.
South Korea's Mirae Asset Global Investments said on Monday that it has terminated a US$5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group .
WASHINGTON: The Trump administration is "turbocharging" an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with US planning. President Donald Trump, who has ...
Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand.
