Markets

Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty.

SINGAPORE: A man and a woman will be charged in court for their suspected involvement in cheating offences involving loans amounting to more than US$340 million (S$472 million), said the Singapore Police Force (SPF) on Thursday (Jun 11). The loans were disbursed to a company by eight banks in ...

The United States cannot let the coronavirus shut down its economy again, U.S. Treasury Secretary Steven Mnuchin said on Thursday, adding that more than US$1 trillion in rescue funds will flow into the economy over the next month.

Delta Air Lines Inc is launching next week a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic and Quest Diagnostics Inc, Chief Executive Ed Bastian said in an employee memo on Thursday.

DIGITAL banking hopeful AMTD Group on Thursday announced that its digital arm, AMTD Digital, has acquired Singapore insurtech startup PolicyPal for an undisclosed sum.

PayPal Holdings Inc said on Thursday it was pledging US$530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than US$1 billion and be the biggest of its kind, according to people ...

Uganda will reduce taxes on mobile banking and mobile money transactions to help its economy cope with the impact of COVID-19, the finance minister said in a speech presenting the budget for the 2020/21 fiscal year on Thursday.

England's COVID-19 Trace and Track is functioning effectively nationwide even though it can still be improved, programme leader Dido Harding said after the first numbers of people tested and contacts traced were published.

REUTERS: The European Union is planning on filing formal antitrust charges against Amazon.com Inc over its treatment of third-party sellers, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The EU has been building its case and circulating a draft of the charge ...