Markets

The Trump administration, scrambling to respond to the global oil price crash, plans to send an energy representative to Saudi Arabia, officials said on Friday, while a regulator from the top oil-producing state of Texas took the rare step of considering production cuts.

The U.S. government will give individuals and companies an extra three months to file their 2019 tax returns, extending the deadline to July 15 amid the coronavirus outbreak.

BMW AG said on Friday it will temporarily close its South Carolina plant for two weeks starting April 3.

Goldman Sachs Group Inc's Chief Executive David Solomon got a US$4 million raise in his total compensation for 2019 from 2018, according to corporate filings released on Friday.

During this coronavirus outbreak, industries must find ways to make better use of idle resources to fight the virus, says the Financial Times’ Tim Harford.

Mr Chua himself is still a venture capitalist, but nearly everything else about his job has changed. Industrials are out. The 64-year-old is now immersed in the brave new world of ride-hailing, fintech and Saas (software as a service) - that carry even grander valuations than before....

UNITED Overseas Bank (UOB) and OCBC Bank on Friday announced a slew of relief measures for its customers in Malaysia who are affected by Covid-19, as the virus outbreak situation in the country takes a turn for the worse.

After closing their stores earlier this week to limit the spread of the coronavirus, several retailers are dangling site-wide discounts and free shipping to entice people stuck at home to shop.

Four Democratic U.S. senators on Friday expressed concern in a letter to Amazon.com Inc Chief Executive Jeff Bezos that the world's largest online retailer has not given enough support to warehouse staff during the coronavirus outbreak, according to a copy of the message seen by Reuters.

WASHINGTON: U.S. President Donald Trump on Friday took Boeing Co and some airlines to task for buying back shares with the cash boost from a 2018 tax break, vowing to ensure that companies benefiting from coronavirus stimulus won't follow suit. Corporations buy back their own shares as a way to...