NEW YORK: Wall Street stocks finished lower on Thursday (May 21) following a choppy session as markets weighed heightening US-China tensions and another spike in jobless claims. The Dow Jones Industrial Average shed 101.78 points (0.41 per cent) to 24,474.12. The broad-based S&P 500 dropped 23.10 ...
U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.
Lifting the Movement Control Order to reopen the economy alone won’t save Malaysian jobs, says Stewart Nixon.
The latest U.S. government action against China's Huawei takes direct aim the company's HiSilicon chip division-a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools that are central to its success.
While new fiscal stimulus is needed to save jobs and businesses in Singapore, focus must also be on building longer-term resilience, says OCBC economist Selena Ling.
CITI Singapore has moved to return to the government the co-funding offered to all companies as a form of wage support amid the Covid-19 outbreak.
LIKE all businesses upended by the pandemic lockdowns, banks were forced to reorganise with little time. They managed to shutter large parts of their branch networks and to send most of their employees to work remotely. So far, the experiment has been largely free of glitches -...
Negotiators in the U.S. Senate reached agreement on Thursday on legislation increasing the amount of time, to 16 weeks from the current eight-week deadline, for small businesses to use Paycheck Protection Program loans, according a Senate aide.
REUTERS: Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least US$1 billion by 2022 and cut the base salaries of top executives by 25per cent as the software maker seeks to weather the coronavirus crisis. Shares, down about 35per cent this year, fell 5.4per...
France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro (US$5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.
