Markets

Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.

Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.

The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.

Asian shares and Wall Street futures rallied on Tuesday as the formal start of the Federal Reserve's corporate bond buying programme boosted global investor sentiment and calmed earlier worries about a second wave of coronavirus infections.

SINGAPORE: The Ministry of Manpower (MOM) has issued 52 fines and ordered seven workplaces to cease operations over lapses in safe management measures as at Monday (Jun 15) afternoon, following the lifting of “circuit breaker” measures earlier this month. Six of the workplaces ordered to close ...

Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the workplace.

Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check.

The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said.

OCBC Bank and CapitaLand have inked Singapore’s inaugural loan facility agreement referencing the Singapore Overnight Rate Average (SORA), for a S$150 million three-year corporate loan.

WASHINGTON: Asian stocks were set to follow a late Wall Street surge on Tuesday, after the Federal Reserve's fresh move to support financial markets through the coronavirus pandemic cheered investors. Crude oil also rose, on signs of a recovery in fuel demand and news suggesting major oil ...