Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market countries and was set to push up their borrowing costs.
Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros (US$1.7 billion), a union source told Reuters on Monday.
Shares of Pfizer Inc fell nearly 8per cent on Monday after an independent data monitoring committee determined the drugmaker's breast cancer treatment was unlikely to meet the main goal of a late-stage study.
U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis.
The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims of imprisoned Ponzi scheme swindler Bernard Madoff from recouping funds that were transferred overseas.
The U.S. government on Monday entered into a US$628 million contract with drugmaker Emergent BioSolutions to boost manufacturing capacity for a potential COVID-19 vaccine.
Fiat Chrysler said on Monday it planned to list its robot-making unit Comau and had appointed Paolo Carmassi as the company's new chief executive for the purpose.
SINGAPORE: The Singapore office of Bank of America (BoA) has returned both tranches of the Jobs Support Scheme (JSS) payouts and will decline future payments, the bank’s Singapore country manager Martin Siah said on Monday (Jun 1). He declined to reveal the amount returned by the company, or how...
SINGAPORE: Singapore Airlines (SIA) and regional wing SilkAir will reinstate certain flights in June and July, subject to regulatory approvals. Among the reinstated scheduled services include: Adelaide, Amsterdam, Auckland, Barcelona, Brisbane, Cebu, Christchurch, Copenhagen, Hong Kong, Medan ...
China announced plans on Monday for the further opening up of its southern island province of Hainan, the Xinhua news agency said.
