Markets

LONDON/SINGAPORE: The coronavirus epidemic could cost passenger airlines up to US$113 billion in lost revenue this year, an industry body warned on Thursday (Mar 5), more than three times a projection it made just two weeks ago as the virus continues to spread around the world. The warning from...

OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move.

Online voting at annual shareholder meetings (AGMs) has jumped since the coronavirus outbreak as investors shun large gatherings because of travel restrictions or fear of infection, Swiss tech firm Sherpany said.

Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the outlook.

India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.

Finland's Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology .

HSBC Singapore plans to have 40 per cent of women in its most senior positions by 2022, up from its 30 per cent currently. It has also set a target to have half of its managerial positions to be taken up by women by 2022, the bank...

JAKARTA/LONDON: Twitter and Facebook have suspended more than 80 accounts following a Reuters investigation that linked them to a network of news sites backed by the Indonesian army that publish pro-government propaganda about the restive region of Papua. The 10 sites in the network appear to be ...

Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.

Switzerland's UBS said the value of its 'sustainable' investments rose by more than 50per cent to nearly US$500 billion in 2019, while lending to the energy and utilities sectors fell by 40per cent as it tightened its rules.