Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over US$10 billion, two sources told Reuters.
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
WASHINGTON: Another 2.12 million people filed for unemployment in the United States last week, pushing total layoffs since the start of the COVID-19 crisis to more than 40 million, a level not seen since the Great Depression, the Labor Department said. The new filings, however, showed that the ...
Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.
SINGAPORE: The proposal by United Arab Emirates utility firm Utico to replace all cash payments for Hyflux creditors with stocks of both companies is “considerably less favourable” and a “bombshell” for already-aggrieved retail investors, said the Securities Investors Association of Singapore ...
U.S. President Donald Trump marked the coronavirus pandemic milestone of 100,000 U.S. deaths in a Twitter post on Thursday, a day after the threshold was reached and his silence noted.
This year will be the worst for many world stock markets in nearly a decade at least, although a majority of equity strategists polled by Reuters say top indexes will not revisit lows struck this March following an explosive rally since then.
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.
Amazon.com Inc plans to offer permanent jobs to about 70per cent of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday.
SINGAPORE: An unregulated trading platform believed to be registered in Belize has been blocked by Singapore authorities after the police received complaints from at least 40 people here. The online platform, Arotrade, purportedly offers trading in Contracts for Difference (CFDs) for different ...
