Amazon on Tuesday made a priority of medical supplies and household staples, putting shipments of other goods on hold to focus on key items during the coronavirus outbreak.
Samsung Electronics Co Ltd said on Wednesday it expected higher demand and limited supply for computer chips even though the coronavirus pandemic and the U.S.-China trade war were damaging major markets in Europe and the United States.
U.S. stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.
Exxon Mobil Corp paid a big premium to raise US$8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fueled by the coronavirus outbreak eroded investor confidence in the largest U.S. oil producer.
SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to several regulatory investigations of the office sharing company, the Wall Street Journal reported https://www.wsj.com/articles/softbank-backs-away-from-part-of-planned-wework-bailout-11584479235?mod ...
SINGAPORE: Embattled water treatment firm Hyflux will hold scheme meetings next month for different classes of creditors to vote on its restructuring plan, it announced in a bourse filing on Wednesday (Mar 18). The first scheme meeting on Apr 22 will start at noon for banks, medium-term ...
Tesla Inc cannot operate its main U.S. vehicle factory normally as the San Francisco Bay Area has begun a three-week lockdown to rein in the spread of coronavirus, a spokesman for the county's sheriff's office said on Tuesday.
The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the coronavirus crisis.
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavirus epidemic, resurrecting the second 2008 financial crisis-era backstop in less than a day.
NEW YORK: Wall Street stocks rallied on Tuesday (Mar 17) on expectations of massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session. The Dow Jones Industrial Average finished up 5.20 per cent or 1,048.86 points at ...
