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Health insurer Anthem beats revenue estimates on higher premiums

U.S. health insurer Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the recent launch of its pharmacy benefits unit and higher premiums.

Markets

GE revenue falls 7.6per cent as coronavirus crisis takes toll

General Electric Co reported a 7.6per cent drop in first-quarter revenue, hurt by weakness in its aviation and power units due to the coronavirus pandemic, and fell short of its own free cash flow targets for the quarter.

Markets

Auto supplier Bosch sees global car production down 20per cent in 2020

German auto supplier and technology company Robert Bosch on Wednesday said it expected automotive production to fall by at least 20per cent this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand.

Markets

BIS innovation hub in Singapore calls for global hackathon to solve compliance pain

THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.

Markets

DBS aims to bring investment analytics to the masses

IN A MOVE to encourage better personal finance habits, DBS has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.

Markets

AstraZeneca sticks to 2020 outlook, boosted by drug stockpiling

AstraZeneca on Wednesday beat analysts' estimates for first-quarter profit and reiterated its outlook for 2020, as demand for the company's newer medicines remained steady.

Markets

Geely’s Volvo Cars gives notice to 1,300 white-collar staff in Sweden

Volvo Car Group, owned by China's Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the impact from the pandemic increased the urgency of lowering structural costs.

Markets

Shares in sensor maker AMS soar after upbeat outlook

VIENNA: Shares in AMS jumped 20 per cent on Wednesday after the sensor specialist said it expects the impact from the novel coronavirus to be limited in the current quarter and posted first-quarter revenues within the upper half of its forecast. AMS, which is in the process of taking...

Markets

IAG shares fall after warning over slow recovery

Shares in airline group IAG fell 3per cent after the airline group launched a plan to shrink its main British Airways business, axing staff numbers by a quarter as it warned of a slow recovery from the coronavirus pandemic.

Markets

SMRT extends full rental waiver for taxis to help ‘cushion financial impact’ of prolonged circuit breaker

SINGAPORE: SMRT will extend its full rental waiver for taxis until Jun 1, it announced on Wednesday (Apr 29), in a bid to help its taxi partners "cushion the financial impact they will experience" as a result of the extended “circuit breaker” period. The move will cost the company an...

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