Markets

Major U.S. firms and trade groups want the U.S. Trade Representative's Office to waive tariffs on a wide range of Chinese-made products as a result of the coronavirus pandemic, including drones, robots, personal computers and 3D printers.

THE big swings in global financial markets due to the virus fallout present the first big test for robo-advisers in Singapore - young digital upstarts that only penetrated the local wealth scene some five years ago.

FALLING interest rates have cascaded down to both deposit and lending products - from Singapore Savings Bonds (SSB), fixed deposits (FD) and home loans to savings deposits.

FITCH Solutions has lowered its forecast for the Singapore dollar's (SGD) 2020 average exchange rate to S$1.425 per US dollar (USD), from its previous average forecast of S$1.385, in light of the Covid-19 crisis.

PARIS: Air France-KLM's French unions on Monday (May 4) criticised calls by their Dutch counterparts for KLM to be given greater autonomy, amid signs that a multibillion-euro coronavirus bailout is increasing tensions within the airline group. "It's an illusion to think KLM would fare better ...

WASHINGTON: The US Securities and Exchange Commission (SEC) on Monday (May 4) said it would provide relief to smaller firms seeking to raise capital via online platforms to meet "urgent funding needs" due to the coronavirus-related disruption. The SEC's measure seeks to temporarily amend existing ...

NEW YORK: Wall Street stocks finished higher on Monday (May 4), shrugging off early weakness and a big drop in airline shares as Florida joined the ranks of US states reopening their economy. The Dow Jones Industrial Average ended at 23,749.76, eking out a 0.11 per cent gain after spending...

Insurer American International Group Inc on Monday posted a 93per cent drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe loss the industry has ever seen.

Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a reversal even as markets scream higher in the midst of the coronavirus pandemic.

Apple Inc and Alphabet Inc's Google on Monday said they would ban the use of location tracking in apps that use a new contact tracing system the two are building to slow the spread of the novel coronavirus.