The world economy was weak when COVID-19 struck, and will lead to demand shortfalls and disruptions to supply, says Stephen S Roach.
Exposure to ASEAN, China and India will give Singaporeans an edge in a world of disruption and the comparative advantage in those markets with a rising middle class, says Jonathan Chang
ZURICH: Swiss food giant Nestle, owner of KitKat and Nespresso, on Tuesday (Feb 25) said it was postponing all business trips until Mar 15 at the earliest because of the new coronavirus epidemic. "We have asked all of our employees worldwide not to travel for business purposes until March 15 2020...
Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people.
A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc's marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation's youth vaping epidemic.
The Federal Reserve is "closely monitoring" the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on...
WASHINGTON: The Trump administration is in discussions about whether to renew a license for Chevron Corp's operations in Venezuela as Washington looks to increase pressure on its socialist leader, the U.S. special envoy to the South American country said. U.S. Special Representative for Venezuela ...
NEW YORK: Fears of a coronavirus-fueled slowdown have injected volatility back into markets, but some investors may be less exposed this time around. The Cboe Volatility Index , known as Wall Street's fear gauge, jumped on Tuesday to a near 14-month high of 26.71. It recently traded at 25.71....
Wall Street's three major stock indexes fell almost 2per cent on Tuesday as the coronavirus spread further around the world and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years.
Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus.
