Markets

SINGAPORE: In February, as bustling shopping malls in Singapore began to empty out due to the spread of a then little-known novel coronavirus, a small group of worried retailers got together on WhatsApp. Some had seen sales tumble by more than one-third and, as small businesses operating on thin ...

German Finance Minister Olaf Scholz on Friday proposed to toughen financial oversight of companies, seeking to pre-empt an expected parliamentary backlash over the failure of regulators to spot the huge fraud that obliterated Wirecard .

U.S. stock index futures fell on Friday following heightened tensions between the United States and China, and as Intel's shares slumped after reporting a delay in a developing new chip technology.

The European Union is not interested in buying potential COVID-19 vaccines through an initiative co-led by the World Health Organisation as it deems it slow and high-cost, two EU sources told Reuters, noting the bloc was in talks with drugmakers for shots cheaper than US$40.

Oil major Chevron Corp expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44per cent from 38per cent last year, the company said in a statement.

SINGAPORE: The National Trades Union Congress (NTUC) on Friday (Jul 24) proposed a framework to guide companies on how to fairly treat workers affected by retrenchments.  In a media release, the labour union said that the Fair Retrenchment Framework would help companies carry out responsible ...

Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a US$3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.

Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a US$3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.

British Airways owner IAG  is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros (US$2.88 billion) to keep the business afloat and avoid a government bailout, several sources said.

KUALA LUMPUR: US investment bank Goldman Sachs has reached a US$3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday (Jul 24). The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at...