Markets

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump's directive to fill the facility to capacity, two industry sources said.

THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about US$400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic.

Macy's Inc will be removed from the benchmark S&P 500 stock index , the S&P Dow Jones Indices said on Tuesday, as coronavirus-induced store closures compound the retail sector's struggles with a shift to online shopping.

SAINT PAUL, Minnesota: 3M Co expects to ramp up US monthly production of N95 respirator masks to 50 million in June, the industrial giant said on Tuesday (Mar 31), as demand surges from healthcare professionals and first responders battling the coronavirus pandemic. The company is also looking to ......

Caterpillar Inc on Tuesday said it will not hand out annual salary increases this year as part of cost cut plan to deal with the coronavirus economic fallout.

STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told The Business Times.

HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.