SINGAPORE banks will just about halve the interest rates to small- and medium-sized enterprises (SMEs) on the latest tranches of government-assisted loans, as the central bank stepped in for the first time ever to directly offer funding at near-zero cost to financial institutions amid the virus outbreak....
SINGAPORE's banking trio are offering more affordable financing support for small and medium-sized enterprises (SMEs) hit by the novel coronavirus fallout.
NEW YORK: The aftershocks of an unprecedented slump in oil prices into negative territory were felt across Wall Street on Monday (Apr 20), with stock indices starting lower and staying that way all day. The Dow Jones Industrial Average declined 2.4 per cent to finish the session at 23,650.44. The...
REUTERS: International Business Machines Corp on Monday (Apr 20) withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends. The company posted quarterly revenue slightly ...
International Business Machines Corp on Monday withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends.
Detroit's automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union leaders said on Monday any workers who feel sick must be allowed to self quarantine without losing pay.
SAN FRANCISCO: Facebook on Monday (Apr 20) launched a standalone gaming app, allowing users to create and watch livestreams of games in a challenge to the Amazon-owned Twitch platform. The new app was available on Monday for Android devices, with a separate version for Apple's iOS in the works ......
New York - Oil prices ended New York trading in the negative on Monday for the first time ever, as a supply glut forced traders to pay others to take the commodity. With space to store oil scarce, US benchmark West Texas Intermediate for May delivery ended trading at...
NEW YORK: A giant emergency lending programme for small American businesses devastated by coronavirus shutdowns was under fresh scrutiny on Monday (Apr 20) after upscale burger chain Shake Shack returned a US$10 million loan. The initiative created an uproar after news that large restaurant chains ...
WASHINGTON: U.S. retailers and other business groups on Monday welcomed a move by the Trump administration to allow importers to defer for three months any tariff payments they owe the government, but said they needed more tariff relief to deal with the pandemic. President Donald Trump on Sunday ......
