Markets

BERLIN: German business software company Software AG reported weaker first-quarter results as clients postponed deals in its Digital Business Platform division due to coronavirus, and trimmed its full-year guidance. Still, Darmstadt-based Software AG's industrial internet and database businesses ...

A RECORD high of 96 non-financial companies have entered the "crossover zone" - the credit ratings closest to the line between speculative grade and investment grade - by the end of the first quarter this year.

U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.

SINGAPORE: Sembcorp Industries said on Wednesday (Apr 22) that its subsidiary Sembcorp Cogen has terminated a gasoil supply and storage agreement with troubled oil trader Hin Leong Trading “to protect its interests”. Sembcorp Cogen had inked the deal with Hin Leong in 2009 to purchase gasoil ...

THE Singapore FinTech Association (SFA) and Razer Fintech have agreed to provide fintech companies in Singapore bridge financing, equity or equity-linked instruments ranging from US$100,000 to US$1.5 million, they said in a joint release on Thursday.

SK Hynix warned on Thursday that demand for chips will remain volatile, while restrictions on global movement, if prolonged, could disrupt production, sales and product development across the industry.

LOS ANGELES: New streaming service Quibi, which offers entertainment and news in episodes of 10 minutes or less on mobile phones, has been downloaded more than 2.7 million times since its April 6 debut, founder Jeffrey Katzenberg told Reuters on Wednesday. Katzenberg also said that some Quibi ...

SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his US$100 billion Vision Fund and distress at his big bets portending more pain.

Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will draft plans for a deeper alliance next month, including joint development of more electric vehicles (EVs) and self-driving technology, the Yomiuri daily reported.

WEALTH management fintech firm iFAST on Thursday posted a 126.8 per cent rise in net profit to S$3.6 million for its first quarter ended March 31, 2020, from S$1.6 million a year ago.