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Markets

IMF calls for ‘substantial’ stimulus against COVID-19

WASHINGTON: Governments should deploy "substantial" stimulus and international coordination to counteract the economic impact of the spreading COVID-19, the International Monetary Fund's (IMF) chief economist said Monday (Mar 9). Given the "acute shocks" caused to economies, consumers and ...

Markets

Twitter strikes deal with Elliott, Silver Lake

Twitter Inc announced a deal with Elliott Management and private equity firm Silver Lake on Monday, handing both board seats after a month in which activist investors were said to be pushing for the removal of Chief Executive Officer Jack Dorsey.

Markets

Twitter grants Elliott board seat, Silver Lake invests US$1 billion

Twitter Inc announced a deal with Elliott Management and private equity firm Silver Lake on Monday, handing both board seats after a month in which activist investors were said to be pushing for the removal of Chief Executive Officer Jack Dorsey.

Markets

Singapore stocks near 4-year low as oil rout, COVID-19 fears send investors ‘dumping everything’

SINGAPORE: Singapore shares plunged to a near four-year low amid a major sell-off on Monday (Mar 9), mirroring the sea of red across Asian equity markets as investors rushed for the exits after a steep fall in oil prices and escalating concerns about the global spread of COVID-19. Clocking...

Markets

Stock futures plummet on oil shock, virus fears

U.S. stock index futures plunged on Monday after Saudi Arabia launched an oil price war with Russia, sending crude tumbling 25per cent and intensifying fears about a global recession.

Markets

Apple sells fewer than 500,000 smartphones in China in February amid coronavirus

Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak crippled demand.

Markets

SAP scratches all events in March; SAPPHIRE NOW still on

Business software company SAP said on Monday it was cancelling or postponing all major client events this month due to the coronavirus epidemic, but still planned to go ahead with its U.S. user conference SAPPHIRE NOW in mid-May.

Markets

COVID-19 to cause first annual decline in oil use in decade: IEA

PARIS: The world is set for its first annual decline in oil consumption in more than a decade due to the impact of the COVID-19 outbreak, the International Energy Agency (IEA) said on Monday (Mar 9). In its latest report - which did not take into account an oil price war...

Markets

Saudi Aramco drops 10% after kingdom triggers oil price fall

DUBAI: Saudi Aramco shares fell 10% on Monday (Mar 9) after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices. Shares in Aramco were trading at 27 riyals (US$7.20), 15.6...

Markets

Exclusive: Japan to boost special financing for coronavirus-hit firms to US$16 billion, document shows

Japan will boost its special financing for small and mid-size firms hit by the coronavirus to 1.6 trillion yen (US$15.6 billion), according to a government document seen by Reuters on Monday.

Markets

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