Markets

HSBC Holdings PLC's first-quarter profit tumbled a worse-than-expected 48per cent after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.

WASHINGTON: Major US airlines announced on Monday (Apr 27) new health and safety measures to protect in-flight personnel and passengers from COVID-19, even as states begin lifting restrictions. In a memo to employees and shared with AFP, Delta Airlines said that from Tuesday, "all employees and ...

Verizon Communications Inc and AT&T Inc, the two largest U.S. wireless carriers, as well as cable giant Comcast Corp said on Monday they will extend a commitment through June 30 not to cancel service or charge late fees to customers who have been impacted by the coronavirus pandemic.

Oil fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased.

Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices.

NEW YORK: Thousands of plaintiffs who say that Johnson & Johnson's baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials after a Monday (Apr 27) ruling by a New Jersey judge. J&J faces...

General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to the coronavirus outbreak, the Wall Street Journal reported.

CHICAGO: With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation.  The crisis forced a decision that still troubles him. He ordered his employees to give ...

WASHINGTON: The US Federal Reserve on Monday (Apr 27) widened a new crisis lending programmes to grant many more cities and counties access to funds aimed at blunting the coronavirus pandemic's economic damage. The Fed lowered the population thresholds announced early this month in the Municipal ...

US oil companies have feasted on a decade-long diet of rampant liquidity thanks to very low short-term interest rates and quantitative easing, says an observer.