Spirit AeroSystems Holdings said on Tuesday it has reached an agreement with Boeing Co to deliver 125 737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.
Troubled oil producer Occidental Petroleum Corp posted a loss in the first quarter on Tuesday, hit by US$1.4 billion in impairment charges, and cut its budget for the third time since March as oil prices crashed to historic lows.
CREDIT is flowing to small and medium-sized enterprises (SMEs), the lifeblood of Singapore's economy, amid the novel coronavirus outbreak.
UOB has approved S$4 billion in loans under Enterprise Singapore's (ESG) temporary bridging loan programme (TBLP) since the government increased its risk-share of such loans to 90 per cent a month ago.
ARA Asset Management chief executive officer (CEO) John Lim's family office, JL Family Office, and the group's property management arm have jointly acquired a 52.08 per cent stake in crowdfunding platform Minterest for an undisclosed sum.
U.S. airlines are collectively burning more than US$10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
The U.S. economy could start to recover in the second half of the year after what is shaping up to be the worst recession in decades, but growth is likely to be slow and uneven, several top Federal Reserve policymakers indicated on Tuesday.
NEW YORK: Equities rallied on Tuesday (May 5) as investors cheered a further easing of lockdowns in some countries, which offset gloomy near-term conditions in the wake of coronavirus shutdowns. Oil also rose on the brighter economic outlook and possibility of rising demand, posting another gain ...
Troubled oil producer Occidental Petroleum Corp posted a loss in the first quarter on Tuesday, hit by US$1.4 billion in impairment charges, and cut its budget for the third time since March as oil prices crashed to historic lows.
Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid for its premium features amid the COVID-19 pandemic.
