Markets

Oil prices tumbled by more than 4per cent on Thursday, dropping to a five-month low and extending the previous day's sharp decline on the impact renewed coronavirus lockdowns could have on oil demand.

While economic growth galloped to produce the strongest three-jump month jump in U.S. history in July, August and September, more critical to the recovery now is how much of that momentum survives the possible upheaval of next week's election and the spread of coronavirus infections.

American Express said on Thursday it was investing US$1 billion to advance racial and gender equality, the latest in a line of U.S. companies pledging to promote social justice after a series of race-related protests earlier in the year.

Exxon Mobil said on Thursday it will lay off about 1,900 employees in the United States as the COVID-19 pandemic batters energy demand.

SINGAPORE: A new work group that will come up with measures to address issues on the salaries and work environment of low-wage workers was launched on Thursday (Oct 29).  The Tripartite Workgroup on Lower-Wage Workers will be spearheaded by Senior Minister of State for Manpower Zaqy Mohamad, and ......

Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the largest energy name, having been surpassed by rivals and even a renewable company, as it tries to maintain its hefty dividend.

Dan Elwell, the No. 2 official at the U.S. Federal Aviation Administration (FAA) who oversaw the agency during the initial phase of the Boeing 737 MAX crisis, plans to step down, he told Reuters.

An association of Chilean food suppliers has sued the local unit of U.S. retail giant Walmart Inc , alleging that the store owner abused its dominant position in the market to impose contracts on providers and set arbitrary prices.

Walt Disney Co's Disneyland theme park in Paris will close again as France heads back into lockdown to fight a second wave of coronavirus infections, the company said on Thursday.

The U.S. economy grew at an unrivaled pace in the third quarter as the government poured out more than US$3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.