Markets

Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier.

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.

Fitbit Inc on Wednesday launched a virtual study to test if its wearable devices can detect irregular heart rhythms, which could identify a condition called atrial fibrillation.

The U.S. Department of Commerce is close to signing off on a new rule that allows U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.

Uber Technologies Inc said on Wednesday it will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will waive his base salary for the remainder of the year.

United Airlines Holdings Inc said it plans to raise US$2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world.

Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown.

SINGAPORE: Temporary relief measures have been announced for property developers affected by the COVID-19 pandemic and the "circuit breaker" period, the Government announced on Wednesday (May 6). The relief measures aim to help property developers and individuals affected by the disruptions to ...

Private equity firm KKR & Co Inc reported an 11per cent jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset sales and management fees ahead of the coronavirus-linked market turmoil.

The New York Times Co beat Wall Street's revenue estimates on Wednesday as it added more subscribers in a quarter dominated by heavy news coverage around the COVID-19 pandemic.