Markets

SINGAPORE's three local banks have a combined exposure of at least US$600 million to troubled oil trader Hin Leong Trading, sources familiar with the matter have told The Business Times.

IN 2008, as the global financial system was melting down, America's largest banks continued paying dividends. Those shareholder payouts were made both by institutions that were holding up amid the storm, like Bank of America, and by companies that were teetering on the brink. Both Lehman Brothers...

SINGAPORE-BASED private equity firm Chartered Group is raising a US$500 million fund that seeks to invest in Israel-related deep tech firms and incubate them in Japan, as part of a collaboration with Mafat, the research and development unit of Israel's Ministry of Defence.

Uber Technologies Inc said on Thursday it expected an impairment charge of about US$1.9 billion to US$2.2 billion against some of its minority equity investments, due to the impact of the coronavirus outbreak on the value of those entities.

Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the COVID-19 pandemic.

WASHINGTON: Applications to start new US businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the economy to its knees. The Commerce Department said on Thursday (Apr 16) business applications dropped 21.4 per cent in ...

WASHINGTON: US small businesses may need up to US$500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday (Apr 16) as Fed officials voiced concern over the speed and breadth of the country's fiscal response to an...

Applications to start new U.S. businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the economy to its knees.

The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles.

California's Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a US$23 billion deal which closed on April 1.