Markets

Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global prices and slumping fuel demand during the coronavirus pandemic, two industry sources told Reuters.

Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers.

A highly valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury said on Thursday, just as Congress was poised to approve a new round of funding for the loans known as the Paycheck Protection Program.

Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros (US$1.3 billion) during the first three months of the year and the loss would be considerably higher in the current quarter.

In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and is looking at all options, including putting wells on repair and maintenance to abandoning them entirely and even burning oil, four oil industry...

Amazon.com Inc's Indian arm will soon add small local shops as sellers on its platform as a way to provide them broader online exposure and offer consumers a greater selection of merchandise, the company said on Thursday.

SINGAPORE: Some drivers from Grab as well as a subsidiary of transport operator SMRT have been roped in to help authorities take suspect cases of COVID-19 to hospitals. The Ministry of Health (MOH) told CNA on Wednesday (Apr 22) that this is to complement existing ambulance services. These ......

The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10per cent during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail.

U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters.