Markets

Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC's cars to customers amid concerns about ride hailing and vehicle sharing eating into car sales.

China's central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) into the financial system to help the world's second-largest economy weather the coronavirus impact.

The Federal Reserve has offered more than US$3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit....

RENEWABLE energy and waste infrastructure developer Equis Development has acquired a solar project in South Korea comprising a US$50 million 22MW (megawatts) solar generation project, and a 70MWh (megawatt hours) battery storage system.

Major U.S. airlines asked the U.S. Treasury to move quickly to release up to US$58 billion in government grants and loans and recommended a formula to divide up the money.

STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.

President Donald Trump, who excoriated General Motors Co on Friday and invoked emergency powers to compel the production of badly needed ventilators to tackle the coronavirus pandemic, has abruptly shifted gears to praise the automaker.

SINGAPORE: Nominations are now open for the inaugural Singapore 100 Women in Tech list, it was announced on Monday (Mar 30). Part of the SG Women in Tech initiative, the list aims to feature the diversity of roles and "highlight female role models" in the local infocomm technology industry....

Toyota Motor Corp said on Monday that it would extend a suspension at all of its factories in Europe with the exception of Russia until further notice, with a restart expected no earlier than April 20.

Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.