Markets

NEW YORK: Oil prices opened about one per cent lower on Sunday (May 10) as a persistent glut continued to weigh on prices and COVID-19 eroded global oil demand even as some governments began to ease lockdowns. Brent crude was down 29 cents, or 0.9 per cent, at US$30.68...

SINGAPORE: Although the COVID-19 pandemic had affected their initial plans, two Singapore-based start-ups are still set on revving up efforts to produce their own electric motorbikes.  This comes as Singapore relaxed its rules on electric motorcycles in April, allowing high-powered motorbikes ...

THE adoption of digital payments has been particularly rapid in Asean due to the region's young and highly-connected population. In the 2019 Citi and Imperial College's Digital Money Index, which tracks 84 countries and their digital money readiness, we saw five out of six Asean countries move...

WASHINGTON: The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday (May 10), while predicting further US job losses in the coming months. Officials in President Donald ...

REUTERS: The Trump administration is in talks with semiconductor companies about building chip factories in the United States, representatives from two chip manufacturers said on Sunday (May 10). Intel Corp is in discussions with the United States Department of Defense over improving domestic ...

NEW DELHI: One of the world's largest train networks will "gradually" restart operations from Tuesday as India eases its coronavirus lockdown, as the number of cases past 60,000 with more than 2,000 deaths. Some 30 train journeys - 15 pairs of return trips - will run from the capital...

WASHINGTON: The staggering US unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday (May 10).  "The reported numbers are probably going to get worse before they get better," Mnuchin told the Fox News ...

DUBAI: Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals manufacturer SABIC after a more than 40 per cent drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters. Aramco last year agreed to buy a 70...

France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.

The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.