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Deutsche Bank mulls waiving 2020 management bonuses due to COVID-19: Source

Deutsche Bank is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter said on Wednesday.

Markets

Whiting begins Chapter 11 bankruptcy proceeding as oil prices hover at US$20

Whiting Petroleum Corp said on Wednesday it had started Chapter 11 bankruptcy proceeding amid a rout in crude oil prices that has seen fuel plunge to 18-year lows.

Markets

US private payrolls post first decline since 2017

U.S. private payrolls dropped in March for the first time since 2017, likely as businesses shut down in compliance with strict measures by authorities to contain the coronavirus pandemic, supporting economists' views that the longest employment boom in history ended last month.

Markets

Russia, US hold energy talks, as Trump complains about oil cheaper than water

U.S and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper "than water" was hurting the industry.

Markets

Loss of taste and smell key COVID-19 symptoms, app study finds

Losing your sense of smell and taste may be the best way to tell if you have COVID-19, according to a study of data collected via a symptom tracker app developed by scientists in Britain and the United States to help monitor the coronavirus pandemic.

Markets

US small businesses wait impatiently for government aid that could be slow to come

As soon as New York officials began detailing their response to the coronavirus, Matt Preis knew his staff might be in trouble.

Markets

CIMB Bank Singapore offers automatic moratorium on most term loans of commercial banking clients

CIMB Bank Singapore on Wednesday said it will automatically defer principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

Markets

CIMB to automatically approve most term-loan deferments of commercial clients here

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

Markets

Worker crunch hits world’s top medical glove maker as demand spikes

The world's biggest maker of medical gloves is grappling with a serious shortage of workers as it tries to meet a huge surge in demand as countries such as the United States run out of personal protective gear due to the coronavirus outbreak.

Markets

Oil majors slash 2020 spending by 20per cent after prices slump

The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia.

Markets

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