Markets Archives • Page 9308 of 10921 • Financial News

Markets

Airbnb to halt all marketing, most hiring as losses mount: The Information

Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in a video conference call, The Information reported on Friday.

Markets

Commentary: Singapore has a New Deal. We call it the Resilience Budget

Singapore’s Resilience Budget is almost analogous to American President Franklin D Roosevelt’s New Deal, which lasted from 1933 to 1939, says Lawrence Loh.

Markets

‘Clear we have entered recession’: IMF chief

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.

Markets

UOBAM launches sustainable bond fund for retail investors

UOB Asset Management (UOBAM) on Friday launched a sustainable bond fund in Singapore targeted at retail investors.

Markets

Wall Street tumbles as US virus cases pass 100,000

Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.

Markets

US airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis

United Airlines Holdings Inc and Delta Air Lines pledged to maintain staff until Sept. 30 thanks to a government relief package passed on Friday, but warned of continued challenges and depressed demand facing the industry.

Markets

US airlines cheer government relief, warn weak demand may still force downsizing

United Airlines Holdings Inc and Delta Air Lines pledged to maintain staff until Sept. 30 thanks to a government relief package passed on Friday, but warned of continued challenges and depressed demand facing the industry.

Markets

Google offers US$800 million to pandemic-impacted businesses, health agencies

Google on Friday pledged US$800 million worth of support in response to the coronavirus pandemic for health organizations, researchers and businesses impacted by the crisis.

Markets

Trump drags GM, Ford into political war over ventilators to fight coronavirus

General Motors Co and Ford Motor Co got dragged into the political war over much-needed ventilators for coronavirus patients Friday as U.S. President Donald Trump lashed out at the automakers for moving too slowly just hours before GM said it would build medical equipment at an Indiana plant.

Markets

Delta CEO says gov’t aid ensures no industry lay-offs through September 30

Delta Air Lines Chief Executive Ed Bastian said payroll assistance funds from the government under a massive stimulus package approved on Friday ensure there will not be any involuntary furloughs or pay cuts in the U.S. airline industry through Sept. 30.

Markets

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