U..S. airports are seeking US$10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Several automakers on Monday said U.S. buyers of new vehicles will have the option to defer their payments and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to the spread of coronavirus.
The United States and other rich countries need to start spending their way out of the coronavirus crisis, White House advisers, the International Monetary Fund and business groups said Monday, amid growing market panic about the pandemic.
U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels per day (bpd) to a record 9.08 million bpd, data showed on Monday.
WASHINGTON: A group representing major U.S. airlines said the industry needs US$50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak. In a letter made public on Monday, Airlines for America said members need US$25 billion in grants and US$25 ......
Airbus has drawn up contingency plans to slow or stop production if France is placed under a further lockdown due to coronavirus, two people familiar with the matter said.
Uber Technologies Inc's food delivery business, Uber Eats, said on Monday it would waive off delivery fee for independent restaurants across the United States and Canada.
A health emergency dismissed at first as a fleeting risk to the U.S. economy has turned into a full-on test of whether a decade of planning, regulation, research and soul-searching has left the financial system resilient to a major shock and its central bank able to mount a rescue....
SINGAPORE: More wage subsidies, relief on rent and foreign worker levy, as well as broader bridging loan programmes are among the types of aid that business owners, industry groups and economists hope the Government would prescribe in its second stimulus package. Amid a deepening global spread of ...
U.S. markets should stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing industry speculation that the government might shut down the country's exchanges to stop a plunge in stock prices.
