Markets

Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.

SHARES of Singapore banks extended their slump in the afternoon trading session, with the Singapore interbank offer rate (Sibor) also falling following the emergency Fed rate cut earlier this month.

SHARES of Singapore banks closed on Monday at new 52-week lows, with the Singapore interbank offered rate (Sibor) also falling following the emergency Fed rate cut earlier this month over the novel coronavirus outbreak.

BERLIN: Germany announced measures to boost its sputtering economy in the face of the fast-spreading COVID-19 on Monday (Mar 9), while also calling for the cancellation of large events. As the number of cases in Germany pushed beyond 900, Health Minister Jens Spahn said gatherings of more than 1...

The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts said.

The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico's energy policy, sources told Reuters, as President Andres Manuel Lopez Obrador pushes for a bigger role for the state in the sector.

Hong Kong's Cathay Pacific Airways Ltd may fly only freight to Japan, and no passengers, if it retains some services whose cancellation it announced at the weekend over travel curbs prompted by a coronavirus, the airline said on Monday.

Oil prices plunged around 25per cent on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Goldman Sachs cut its second- and third-quarter Brent price forecasts to US$30 per barrel, citing the oil price war between Russia and Saudi Arabia and a significant collapse in oil demand due to the coronavirus that has killed more than 3,500 globally.

MAPLETREE Investments has obtained a 200 million euro (S$310 million) sustainability-linked loan from OCBC Bank, which will be used for general working capital and corporate funding purposes.