Markets

WASHINGTON: Faced with a growing economic shutdown amid the global new coronavirus pandemic, the Federal Reserve on Sunday (Mar 15) announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero. The Fed ...

Automakers General Motors , Ford Motor Co and Fiat Chrysler Automobiles (FCA) are forming a coronavirus task force along with the United Auto Workers (UAW) union to improve protections for their employees and limit the spread of the highly contagious virus.

U.S. stock index futures tumbled after resuming trading on Sunday after the U.S. Federal Reserve slashed rates back to near zero to help the global economy and investors digested the latest fallout from the escalating coronavirus pandemic.

Although more local companies report a presence overseas than last year, many are still reluctant, says SBF CEO Ho Meng Kit.

Markets were set for another chaotic session on Monday after many of the world's major central banks joined in an emergency round of policy easing aimed at cushioning the impact of the coronavirus on economies.

CITIBANK Singapore plans to double its wealth management business in terms of number of customers and market share from its current 5 per cent by 2025, said its top executive.

CONFIDENCE in the Indian financial system has been breaking down for some time. Instead of trying to restore trust, it may be time to require less of it - with the help of an official rupee cryptocurrency.

With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as scented bleach in order to speed up production of more basic merchandise that is in high demand.

Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots.

WELLINGTON: Air New Zealand announced on Monday (Mar 16) it will cut the carrier's long-haul capacity by 85 per cent and impose redundancies as it shrinks to a skeleton operation in response to the coronavirus. The airline placed its shares a trading halt on Monday as it assesses the fallout...