Markets

A California regulator has asked PG&E Corp for governance and oversight changes in its reorganization plan, while also proposing penalties of about US$2 billion on the San-Francisco based utility for its role in causing the devastating 2017 and 2018 wildfires in California.

Launching products, or even businesses, during an economic downturn isn’t new, say observers.

Apple Inc on Tuesday said it would expand its App Store, Apple Music and other services to dozens of new markets in Africa, the Middle East and beyond in the biggest geographical expansion of its services in almost a decade.

U.S. crude oil jumped over US$20 per barrel on Tuesday but still traded below US$0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.

Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production.

Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus.

The coronavirus pandemic brought a six-month experiment in dual leadership at SAP to an abrupt end as the German business software group named Christian Klein as its sole CEO to provide clarity to its 400,000 clients.

U.S. crude oil jumped over US$20 per barrel on Tuesday but still traded below US$0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.

THE Singapore police has launched an investigation into the city-state's giant oil trader Hin Leong Trading (HLT), as the debt-hit firm <a href="https://www.businesstimes.com.sg/energy-commodities/singapore-giant-oil-... target="_blank">seeks a standstill from over 20 creditors</a> to restructure whopping debts of US$4 billion.

China's central bank is conducting tests of a digital yuan payment system in four cities across the country, it told Reuters on Tuesday.