General Motors said on Thursday it would start increasing vehicle production in North America from next week to meet rising demand.
Notwithstanding controversy over a Hong Kong security law and brewing tensions with the US, proceedings at the National People’s Congress and Chinese People’s Political Consultative Conferences clearly signal China’s focus on the economy, says East Asian Institute’s Bert Hofman.
Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40per cent slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to shut stores.
SINGAPORE'S one-month Swap Offer Rate (SOR) fell briefly below zero last Wednesday for the first time since 2011, raising the spectre that the Republic could be following in the footsteps of other countries with persistent negative rates.
THE Monetary Authority of Singapore (MAS) will be developing "fairness metrics" in credit-risk scoring and customer marketing under the first phase of its "Veritas" initiative.
YEARS before Covid-19 struck, a shift was underway in Singapore's financial landscape: digital banking and payment solutions were slowly, but steadily, gaining traction among consumers and merchants. The novel coronavirus outbreak, which has forced the implementation of social distancing measures and essentially driven people indoors for safety,...
NEW YORK: Wall Street stocks ended lower on Thursday (May 28) following a late-afternoon retreat on growing US-China tensions, as markets digested more bad economic data following coronavirus shutdowns. The Dow Jones Industrial Average finished at 25,400.64, down 0.58 per cent and ending a three ...
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March.
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar with the matter said on Thursday.
