REUTERS: The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of a successful reopening of the economy and possible coronavirus treatments, as well as investors' fear-of-missing-out. But not everyone is ...
Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday.
SHANGHAI: Chinese electronics retailer Gome Retail Holding on Sunday said it would raise US$200 million through a convertible bond issue that will be entirely taken up by e-commerce platform Pinduoduo. The deal comes as the COVID-19 pandemic, which first emerged in China last December, has sent a ...
Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.
REUTERS: Cognizant Technology Solutions Corp on Saturday said it was hit by a "Maze" ransomware cyber attack, resulting in service disruptions for some of its clients. The information technology services provider said it was taking steps to contain the incident, with the help of cyber defense ...
SINGAPORE: Temasek Holdings said on Sunday (Apr 19) that claims that its chief executive Ho Ching's annual salary is "around S$100 million" are false. In a statement published on its website, the Singapore state investment firm said the claim came from "chatter based on an Asian talk show ...
U.S. banks are pushing the Federal Reserve to change the terms of a US$600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups said.
PRAGUE: Prague Airport and a regional Czech hospital said on Saturday they had thwarted cyber attacks on their IT networks, reinforcing warnings by the national cyber security watchdog of likely attempts to harm the country's infrastructure. "Attempted attacks on web pages of the airport were ...
SINGAPORE: The foreign ministers of 13 countries, including Singapore, have committed to maintaining essential global links in areas such as trade and travel, to mimimise the disruption from COVID-19 and facilitate economic recovery. Participating countries held a teleconference on Friday (Apr ...
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
