Markets

Scientists have discovered that a comet called 2I/Borisov - only the second interstellar object ever detected passing through the solar system - is surprisingly different in its composition from comets hailing from our celestial neighborhood.

Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered.

U.S. restaurants are on track to lose US$50 billion in April, with losses mounting to an estimated US$240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by a whopping 36per cent, opening up the widest gap between it and the next contract ever, at nearly US$11 a barrel.

US Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.

The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday.

A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before.

SINGAPORE: Small- and medium-sized enterprises that need help to manage their immediate cash flow needs during the COVID-19 pandemic can take out government-assisted bank loans at a lower interest rate. The Monetary Authority of Singapore (MAS) and Enterprise Singapore on Monday (Apr 20) launched ...

WARSAW: Shares in Polish gaming company Games Operators rose further on Monday, after doubling on their debut late last week as investors bet on increased interest in gaming during lockdowns due to the coronavirus. Games Operators' shares doubled on Friday from a sale price of 22 zlotys but were...