Markets

Singapore state investor Temasek Holding said on Tuesday that it has established a new asset management group that will have combined assets under management of about S$75 billion (US$55.14 billion).

Global airlines warned on Tuesday that the coronavirus-stricken industry was on course to burn through another US$77 billion in cash in the second half of 2020, calling on governments to renew expiring wage support programmes.

Tesla Inc has dissolved its media relations team in the United States, news website Electrek reported on Tuesday, in yet another unconventional move by the world's most valuable automaker.

SINGAPORE: Financial institutions will be allowed to use their security interests in Housing and Development Board (HDB) flats as collateral for liquidity from the Monetary Authority of Singapore (MAS), as part of the Government’s plan to improve their access to funding from the central bank amid ...

Goldman Sachs Group Inc will name fewer than 60 partners in 2020, the Wall Street Journal reported https://on.wsj.com/34JHX8T on Tuesday, citing people familiar with the matter.

Ride-sharing service Lyft Inc will give its most loyal members free restaurant delivery from Grubhub Inc beginning Tuesday, a partnership that could hit their shared rival Uber Technologies Inc.

IMF head says global economy facing long climb to recovery

Daimler on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20per cent by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz as a luxury brand.

Britain's financial watchdog said on Tuesday it will ban the sale to retail investors of products that track the price of cryptoassets like Bitcoin, saying most people lose money on them.

Daimler on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20per cent by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz as a luxury brand.