Markets

REUTERS: International Business Machines Corp on Monday (Apr 20) withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends. The company posted quarterly revenue slightly ...

International Business Machines Corp on Monday withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends.

Detroit's automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union leaders said on Monday any workers who feel sick must be allowed to self quarantine without losing pay.

SAN FRANCISCO: Facebook on Monday (Apr 20) launched a standalone gaming app, allowing users to create and watch livestreams of games in a challenge to the Amazon-owned Twitch platform. The new app was available on Monday for Android devices, with a separate version for Apple's iOS in the works ......

New York - Oil prices ended New York trading in the negative on Monday for the first time ever, as a supply glut forced traders to pay others to take the commodity. With space to store oil scarce, US benchmark West Texas Intermediate for May delivery ended trading at...

NEW YORK: A giant emergency lending programme for small American businesses devastated by coronavirus shutdowns was under fresh scrutiny on Monday (Apr 20) after upscale burger chain Shake Shack returned a US$10 million loan. The initiative created an uproar after news that large restaurant chains ...

WASHINGTON: U.S. retailers and other business groups on Monday welcomed a move by the Trump administration to allow importers to defer for three months any tariff payments they owe the government, but said they needed more tariff relief to deal with the pandemic. President Donald Trump on Sunday ......

LONDON: US oil prices dived to 34-year lows at US$10 on Monday (Apr 20) after crashing more than 45 per cent in a market flooded with crude as demand evaporates in the face of the coronavirus pandemic. The US benchmark West Texas Intermediate (WTI) crude for May delivery sank to...

A U.S. Senate Republican and a Democrat proposed a US$500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local authorities.

U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products.