Markets

THE Monetary Authority of Singapore (MAS) on Wednesday rolled out a S$125 million support package for financial institutions and fintech firms, the bulk of which will go to training employees amid the current economic slump.

SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.

UOB's chief executive Wee Ee Cheong recorded a 1.8 per cent increase in 2019 total salary to S$10.75 million, up from S$10.56 million, the bank's annual report put out on Wednesday showed.

INTEREST rates for fixed deposits (FDs) have gone down - in tandem with the slashing of the United States Federal Reserve funds rate - some by as much as 1.02 percentage points.

Starbucks Corp said on Wednesday the financial hit from the coronavirus pandemic would extend into the final quarter of 2020, but added that it had no plans to cut its quarterly dividend.

JPMorgan Chase & Co, the largest U.S. bank, has taken action against more than a dozen traders for using WhatsApp at work, firing one and cutting bonuses for the rest, Bloomberg news reported on Wednesday, citing people with knowledge of the matter.

Ferrari said on Wednesday it was piloting a project to conduct voluntary screening of employees and their families for coronavirus once the supercarmaker's factories in Italy reopen.

U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak.

WASHINGTON: The uncertainty around the global coronavirus pandemic's duration and severity creates "major downside risks" to the US economy, the Federal Reserve said on Wednesday (Apr 8). The United States is sure to take a hit in the near term as businesses are forced to close and consumers are ......

Nasdaq Inc is hopeful initial public offerings will pick up in the second half of 2020, but much depends on how well companies and investors emerge from the coronavirus pandemic, the head of the exchange operator said on Wednesday.