Markets

SINGAPORE: Budget carrier Jetstar Asia will resume partial operations to three key cities in Southeast Asia this week, with minimal onboard services and crew members decked out in masks and personal protective equipment. From Tuesday (Apr 21), Jetstar Asia will operate five return services a week ...

SINGAPORE: Consumers suffered about S$2.37 million in prepayment losses in 2019 due to the "sudden and unexpected closure" of businesses, the Consumers Association of Singapore (CASE) said on Monday (Apr 20). CASE said it received at least 427 complaints last year regarding the loss of consumer ...

China's Alibaba Group Holding Ltd will invest 200 billion yuan (US$28.27 billion) in cloud infrastructure over a three year period, the e-commerce company said on Monday.

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.

Australia will pass legislation within months obliging Facebook Inc and Alphabet Inc's Google to share advertising revenue with local media firms, the country's treasurer said on Monday, becoming one of the first countries to require digital platforms to pay for content they use.

Australia announced Monday it will begin forcing Google and Facebook to pay news companies for content, in a landmark move aimed at shielding traditional media from the tech giants' digital dominance.

SINGAPORE: US crude fell about 20 per cent to below US$15 a barrel on Monday (Apr 20), its lowest level in about two decades, as a coronavirus-triggered collapse in demand eclipsed a deal to cut output. West Texas Intermediate, the US benchmark, fell 18.7 per cent to US$14.84 a...

China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.

SINGAPORE: US crude on Monday (Apr 20) fell below US$17 a barrel to fresh multi-year lows as the COVID-19 pandemic throttles global demand, despite a deal to slash output by major producers. West Texas Intermediate, the US benchmark, was down 7.5 per cent to US$16.9 a barrel in early Asian...

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.