Markets

NEW YORK: US oil prices crashed to unprecedented lows on Monday (Apr 20) as futures in New York ended in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the commodity. With space to store oil scarce, US benchmark...

NEW YORK: The price of a barrel of benchmark US oil plunged below US$0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts travel and curbs economic activity. The contract for West Texas intermediate...

REUTERS: Walmart Inc's video-on-demand service, Vudu, said on Monday it would be acquired by Fandango Media LLC, a movie ticketing service owned by cable company Comcast Corp. The terms or value of the deal were not disclosed. Walmart bought Vudu over a decade ago, but the service, which allows...

The coronavirus crisis has seen millions locked in their homes turn to videoconferencing apps, bringing with it question marks over security and privacy and a new verb - Zoombombing - the practice of uninvited users crashing into conversations.

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.

FOR the proposed sale of their stakes in Bank Permata, Standard Chartered (StanChart) and PT Astra International Tbk will receive a total consideration that is 1.63 times the Indonesian lender's book value.

SYDNEY: Virgin Australia Holdings said on Tuesday (Apr 20) it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis, making it the largest airline to collapse under the shock of the coronavirus ...

The U.S. Treasury Department said on Monday it has disbursed US$2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines.

Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday.

SYDNEY: Virgin Australia Holdings Ltd said on Tuesday (Apr 20) it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load. Deloitte has been appointed as the administrator, the ...