Markets

Australia will pass legislation within months obliging Facebook Inc and Alphabet Inc's Google to share advertising revenue with local media firms, the country's treasurer said on Monday, becoming one of the first countries to require digital platforms to pay for content they use.

Australia announced Monday it will begin forcing Google and Facebook to pay news companies for content, in a landmark move aimed at shielding traditional media from the tech giants' digital dominance.

SINGAPORE: US crude fell about 20 per cent to below US$15 a barrel on Monday (Apr 20), its lowest level in about two decades, as a coronavirus-triggered collapse in demand eclipsed a deal to cut output. West Texas Intermediate, the US benchmark, fell 18.7 per cent to US$14.84 a...

China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.

SINGAPORE: US crude on Monday (Apr 20) fell below US$17 a barrel to fresh multi-year lows as the COVID-19 pandemic throttles global demand, despite a deal to slash output by major producers. West Texas Intermediate, the US benchmark, was down 7.5 per cent to US$16.9 a barrel in early Asian...

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.

WASHINGTON: A bipartisan group of U.S. lawmakers called on Sunday (Apr 19) for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic. Democratic Senators Maria Cantwell and Amy Klobuchar and ...

U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday.

Crude oil futures fell on Sunday evening in CME Group trading, continuing last week's weakness on the back of sliding demand due to the COVID-19 disease that has killed more than 159,000 worldwide.

Virtual meetings are here to stay. It’ll upend how all corporate decisions are made from here on, says Howard Yu.