Markets

Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Analysts in advanced economies are reckoning with a phenomenon familiar to fragile or failed states – a total economic standstill and the devastation that follows, says Mohamed A El-Erian.

The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers should not go towards share buybacks.

BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

JPMORGAN'S long-standing CEO Jamie Dimon on Monday set out a 23-page shareholders' letter that outlined how the US bank is managing the crisis at hand, as brought on by the global virus outbreak.

BANKS across Singapore have announced plans to close some branches till May 4 in anticipation of lower footfall amid tighter social distancing measures to curb the community spread of Covid-19 here.

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

MONTREAL: Canadian Prime Minister Justin Trudeau warned on Tuesday (Apr 7) that donations of medical equipment by foreign companies like Huawei in the fight against the coronavirus will have no influence on future government policy. "We will be receiving donations of equipment from various ...

NEW YORK: Wall Street stocks finished lower on Tuesday (Apr 7) as a rally based in part on optimism over apparent progress in combating the coronavirus faded late in the session. The Dow Jones Industrial Average, which was up almost 1,000 points earlier in the session, finished down 26.13 points...