Markets

Fiat Chrysler Automobiles N.V. said on Tuesday it had drawn down on a 6.25 billion euro (US$6.79 billion) credit line to buffer its cash reserves during the uncertainty around the coronavirus health crisis.

SINGAPORE: The financial woes of Hin Leong Trading have “no serious impact” on Singapore’s oil trading and bunkering sectors, and the country’s banking system remains “sound”, said three government agencies in a joint statement on late Tuesday (Apr 21). A flurry of media reports over the past week ......

BANGKOK: Incomplete and prospective hydropower dam projects in Southeast Asia, particularly along the Mekong River and its tributaries, are at risk of major delays and shutdowns as the COVID-19 pandemic impacts major industries, energy markets and worker safety. The government of Laos has already ...

Low prices are generally good for big consumers, such as China, and bad for big producers such as Saudi Arabia, or more lately the US, says Christian Downie.

There is good reason to worry that the world economy is heading into a deep, protracted recession, says Eswar Prasad and Ethan Wu.

UNITED Overseas Bank (UOB) on Tuesday announced that it will offer pre-approved loans of up to S$200,000 to ease the short-term liquidity woes of small businesses hit by the novel coronavirus fallout.

Ten of the world's largest banks, including JPMorgan Chase and Bank of America , have been sued for allegedly conspiring over nearly 14 years to rig prices in the US$9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.

Uber Technologies Inc on Tuesday launched a website to help its ride-hail and delivery drivers navigate the intricate U.S. unemployment system, with many gig workers still waiting to receive jobless pay provided under a U.S. coronavirus response bill.

General Motors Co said on Tuesday it is shutting down its Maven car-sharing unit, after suspending operations because of the novel coronavirus.

Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic.