Markets

BANKING fees from mergers and acquisitions (M&A) transactions in the Asia-Pacific, excluding Japan, fell to an eight-year low of US$473.1 million in the first quarter of 2020, down 39.2 per cent from a year ago, according to Refinitiv data as at April 2.

Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.

SINGAPORE: About 100 Keppel Shipyard personnel who had "direct contact" with a cluster of COVID-19 patients linked to the shipyard have been placed on a 14-day leave of absence. On Thursday (Apr 2), the authorities identified Keppel Shipyard as a new COVID-19 cluster, linking three previously ...

SYDNEY: Hong Kong's Cathay Pacific Airways will make further cuts to passenger capacity because of extremely low demand, leaving it with just two flights a week each to four destinations in April, according to an internal memo. The airline carried only 582 passengers one day this week with a load...

Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will last two weeks, with work to resume on April 20.

Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday.

U.S. President Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

Airbnb lowered its internal valuation by 16per cent to US$26 billion, as the home rental firm deals with a sharp drop in bookings due to the global spread of the coronavirus pandemic, the Financial Times reported on Thursday.

Samsung Electronics said on Friday that it has suspended its home appliance factory in the United States after two of its workers had tested positive for coronavirus.

US politicians have voiced fury over Beijing's handling of the coronavirus crisis but they face a harsh truth - the United States desperately needs China's supplies, some experts say.