PARIS: French automaker Renault said on Monday (Mar 30) it was resuming production at two factories in China and South Korea after they were shut down as authorities tried to limit the coronavirus outbreak. "All of the group's factories are currently shut down, except for the factories in China ...
TOKYO: U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese chip and display materials maker JSR Corp with more than a 7per cent stake, as activist investors are increasingly targeting cash-rich Japanese companies. ValueAct, with more than US$12 billion in assets under ...
SINGAPORE: Ride-hailing giant Grab announced on Monday (Mar 30) that its senior leaders, including the co-founders, will take a pay cut of up to 20 per cent, as part of measures to deal with the impact of the COVID-19 pandemic. "The COVID-19 pandemic and ensuing measures to curb its spread...
SINGAPORE: ComfortDelgro Taxi announced on Monday (Mar 30) it was extending its daily rental relief until September to hirers affected by the COVID-19 outbreak. Hirers currently receive a total of S$46.50 per taxi per day in rental relief, which comprises S$36.50 from the the company and S$10 ...
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a US$50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
SINGAPORE: The COVID-19 outbreak could slow down foreign investments but the country’s fundamentals remain strong and the reasons why global firms will want to invest in Singapore are still “intact”, said Deputy Prime Minister Heng Swee Keat on Monday (Mar 30). Mr Heng was responding to a question ......
