Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.
OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10per cent of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic.
SINGAPORE: Businesses in essential services, such as healthcare, transport, logistics and food and beverage (F&B), will continue operations when the enhanced safe distancing measures requiring most workplaces to be shut kick in next Tuesday (Apr 7). Prime Minister Lee Hsien Loong announced the ...
THE Monetary Authority of Singapore (MAS) on Friday said that all financial institutions will continue to operate, although with reduced staffing on their premises, in line with the advisory from the Ministry of Health on maximising telecommuting.
The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter and spending stops.
Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.
China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc , and sources said some of the banks involved in the Chinese chain's successful US IPO last year were reviewing their work in the listing.
WITH Singapore on Friday announcing further movement restrictions within the country due to the virus outbreak, OCBC said that its annual general meeting (AGM), originally scheduled for April 30, will be postponed.
U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus.
When the Federal Reserve polled Wall Street about financial stability risks last fall, "global pandemic" didn't make the list.
