Asian equities were set to slump on Thursday after the head of the Federal Reserve warned of a "significantly worse" U.S. recession than any downturn since World War Two because of coronavirus pandemic fallout, sentiments that drove bonds higher on a safety bid.
A United Airlines Holdings Inc non-union employee filed a class action lawsuit on Wednesday alleging that a requirement that management and administration employees take 20 unpaid days off breaches the terms of federal payroll aid.
Hub airports like Singapore’s Changi Airport and Dubai International Airport, in particular, may not recover that quickly, says Nitin Pangarkar.
SINGAPORE: From S$1,726 in February to S$1,545 in March and then S$723 in April. The average daily sales at downtown cocktail bar Jekyll & Hyde steadily dropped as the COVID-19 pandemic hit business. By April, sales were down by 70 per cent compared to five months ago in November, as the bar ...
China must tackle four competing challenges to effectively reopen the economy and create jobs, says an observer.
REUTERS: Federal Reserve Chair Jerome Powell had a clear message to interest rate futures traders on Wednesday (May 13): Bets that the US central bank will pursue a negative interest-rate policy are off-base. The Fed's top official became the latest in a parade of policymakers to brush off the ...
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday.
NEW YORK: French drug manufacturer Sanofi SA said on Wednesday (May 13) that it is working with European regulators to speed up access to a potential coronavirus vaccine in Europe after its chief executive suggested Americans would likely get the vaccine first. The company said in a statement that ......
NEW YORK: Wall Street stocks slumped for a second straight session on Wednesday (May 13) after the Federal Reserve chief highlighted the risks facing the US economy after coronavirus shutdowns. The Dow Jones Industrial Average sank 516.81 points (2.17 per cent) to 23,247.97. The broad-based S&P ...
French drugmaker Sanofi SA said on Wednesday that it is working with European regulators to speed up access to a potential coronavirus vaccine in Europe after its chief executive suggested Americans would likely get the vaccine first.
