Markets

SINGAPORE's banking trio will lower lending rates for government-assisted small and medium-sized enterprises (SMEs) loans to about 2-3 per cent, backed by the Monetary Authority of Singapore (MAS)'s latest move to make funding more affordable for SMEs mauled by the novel coronavirus fallout. 

Japanese airline ANA Holdings on Monday slashed its annual net profit forecast by 71 percent over massive falls in demand and major cancellations caused by the coronavirus pandemic.

LONDON: Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline's founder Richard Branson said on Monday. Virgin Atlantic last month asked the government for emergency financial help in addition to the coronavirus package ...

Japanese airline ANA Holdings on Monday slashed its annual net profit forecast by 71 percent over massive falls in demand and major cancellations caused by the coronavirus pandemic.

Danske Bank's board of director will propose that no dividends be paid for 2019, it said in a statement on Monday.

JAKARTA: Three Indonesian digital fintech firms are working with Facebook Inc to apply for regulatory approval to launch mobile payments in the country, an official at the financial regulator said. The plan, if approved, could be among the first such service under the social media firm's unified ...

OCBC on Monday said it expects the amount of government-assisted loans it lends out to small businesses to hit S$1 billion by June 30, fully utilising the support given by the Monetary Authority of Singapore (MAS) under its low-cost Singapore-dollar facility.

Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.

Virgin Australia Holdings Ltd is preparing to enter voluntary administration, the Sydney Morning Herald reported on Monday, citing unnamed sources, with the cash-strapped carrier unable to weather the coronavirus crisis due to its debt load.

Aston Martin's immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, its new boss, Canadian businessman and Formula 1 team owner Lawrence Stroll, said on Monday.