Central bankers who have spent a generation researching how their words influence the economy and honing the craft of "forward guidance" are now effectively tongue-tied by a health crisis that has no clear destination yet to guide households and investors toward.
U.S. electric vehicle maker Tesla sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64per cent from March, according to the China Passenger Car Association (CPCA).
U.S. electric vehicle maker Tesla Inc sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64per cent from March, according to the China Passenger Car Association (CPCA).
New Zealand media giant NZME launched a symbolic NZ$1.00 (US$0.61) takeover bid for rival Stuff Limited on Monday in the latest effort to consolidate the country's news industry during the coronavirus-induced downturn.
TOKYO: Japan will take additional stimulus measures "swiftly" to combat the fallout from the coronavirus pandemic, Prime Minister Shinzo Abe said, signalling readiness to compile a second supplementary budget during the current Diet session running through June. The new package of steps would aim ...
DBS Bank has joined Contour's network, which is built on R3's Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LCs).
Samik Sarkar was managing to eke a profit out of his online apparel store before the coronavirus crisis hit India, forcing the 36-year old to reinvent his business overnight.
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
Chesapeake Energy Corp said it would prepay a total of US$25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly US$9 billion debt pile.
NEW YORK: Oil prices opened about one per cent lower on Sunday (May 10) as a persistent glut continued to weigh on prices and COVID-19 eroded global oil demand even as some governments began to ease lockdowns. Brent crude was down 29 cents, or 0.9 per cent, at US$30.68...
