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Asia stocks set to rally as Fed goes limitless

Asian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus.

Markets

As coronavirus fuels meat demand, processors raise pay for North American farmers, workers

North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus.

Markets

Fed’s money market move lifts Northern Trust fund above key threshold

Liquidity at a US$2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30per cent U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal Reserve shored up the industry.

Markets

Twitter ad sales hit by coronavirus but active users soar

Twitter Inc pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform.

Markets

Trump says won’t allow long-lasting damage to economy from virus

U.S. President Donald Trump said on Monday he will not allow the coronavirus to do long-lasting damage to the U.S. economy and that he would consider how to move forward after a 15-day shutdown ends next week.

Markets

World stocks drop again on mounting economic toll from coronavirus

NEW YORK: Global stocks mostly tumbled on Monday (Mar 23) despite fresh stimulus announcements as the economic toll from the coronavirus continued to mount. The US Federal Reserve unveiled a batch of additional aggressive measures to support the economy, but the boost was countered when a ...

Markets

Future-focused HR policy means valuing older workers too

FROM aiming to find jobs for workers even before they are retrenched, to assessing what skills will be needed in the future and valuing older workers, a forward-looking approach to manpower is key, said OCBC Bank's head of human resources Jason Ho.

Markets

Covid-19: Disruptions in global supply chains may be worse than for Sars

THE current novel coronavirus outbreak could cause larger disruptions to global supply chains than the severe acute respiratory syndrome (Sars) epidemic in 2003, says OCBC Bank chief executive officer Samuel Tsien.

Markets

Explainer: How the Fed’s latest move will get money to Main Street

The U.S. Federal Reserve said on Monday it would backstop an unprecedented range of credit for households, small businesses and major employers in an attempt to stop the economy from sliding into depression as the coronavirus spreads.

Markets

Uber appoints former Mattel CEO Robert Eckert to board

Uber Technologies Inc said on Monday it had appointed consumer industry veteran Robert Eckert to its board as an independent director.

Markets

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