Markets

TWO Singapore banks have ramped up efforts to boost efficiency in trade finance, an old trillion-dollar industry that until recently had been predominantly based on paper documents.

The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.

DUBLIN: Ryanair will cut capacity in and out of Italy, its largest market, by 25 per cent for three weeks due to a significant drop off in bookings since a coronavirus outbreak, Europe's biggest low-cost airline said on Monday (Mar 2). The Irish airline said it did not expect...

Amtrak said Monday it had tapped Atlas Air's chief executive to run the money-losing U.S. passenger railroad that has seen record traffic.

SAO PAULO: Brazil's Hypera Pharma said on Monday (Mar 2) that it has signed a contract to buy a portfolio of 18 products from Japan's Takeda Pharmaceutical Co for US$825 million. Shares in Hypera soared on the news, and were up 14.1 per cent, at 39.13 reais, in afternoon...

U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession.

REUTERS: Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs in the face of sharply lower oil and gas prices.  The No. 2 US oil producer decided to reduce staff after reviewing operations...

REUTERS: Online pharmacy Valisure said on Monday (Mar 2) its tests showed high levels of a probable cancer-causing impurity in diabetes drug metformin. High levels of N-nitrosodimethylamine (NDMA) were found in metformin made by 11 companies, including Amneal Pharmaceuticals Inc and Aurobindo ...

TOKYO: Honda Motor Co Ltd will temporarily cut back production in Japan due to difficulty in sourcing parts from China amid the coronavirus outbreak, Nikkei Asian Review reported on Monday (Mar 2), citing sources at auto parts suppliers and dealers. The cutbacks, which will last for a few days...

WASHINGTON: The International Monetary Fund and the World Bank said on Monday (Mar 2) they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding. In a joint statement, the two institutions said ...