SoftBank Group Corp said it sees a loss of around 700 billion yen (US$6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.
Asian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices.
SINGAPORE: DBS Group Holdings has set aside S$1.09 billion to cover the impact of the coronavirus pandemic as Southeast Asia's biggest lender reported a 29 per cent fall in first-quarter profit to the lowest in two-and-a-half years. DBS said provisions for credit losses surged in January-March ...
NEW YORK: Wall Street stocks ended a bullish session sharply higher on Wednesday (Apr 29) on hopes of continued Federal Reserve stimulus and positive signs about a coronavirus treatment under development. The Dow Jones Industrial Average finished up 532.31 points (2.21 per cent) at 24,633.86 ...
SINGAPORE: Imagine travelling to your holiday destination on a plane that is only half filled with passengers, served by cabin crew wearing masks. That could be the “new normal” for airlines which are likely to continue with safe distancing measures even after the COVID-19 outbreak dies down, said ......
Both countries will need to rethink their social contracts once the pandemic is over, say Andrew Sheng and Xiao Geng.
Singapore Airlines and Changi Airport have strong state support, and the lack of a domestic market could be partially overcome if Singapore joins with other countries to create travel bubbles once recovery begins, says Brendan Sobie.
REUTERS: EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday (Apr 29), as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic. The rapid spread of the coronavirus forced millions of Americans to ...
EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday, as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic.
Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.
