SINGAPORE: “We are not returning to a pre-COVID-19 world … We must chart a new direction now,” said Trade and Industry Minister Chan Chun Sing on Tuesday (Aug 11), after Singapore announced what he described as its “worst quarterly performance on record”. Data showed that the Singapore economy ......
SINGAPORE: Total merchandise trade in Singapore declined by 15.2 per cent in the second quarter of 2020, following a slight growth of 0.5 per cent in the previous quarter. Official data by Enterprise Singapore also showed on Tuesday (Aug 11) that non-oil trade declined by 3.3 per cent, after...
SINGAPORE: Singapore has narrowed its economic forecast for 2020 to a contraction between 5 and 7 per cent, the Ministry of Trade and Industry (MTI) said on Tuesday (Aug 11), as data showed a steep slump in the second quarter amid the COVID-19 pandemic. The earlier projection made in...
U.S. Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021.
Occidental Petroleum Corp on Monday posted its fourth straight quarterly loss as it recorded a US$6.6 billion impairment charge, largely to write down the value of its oil and gas properties following a crash in crude prices.
U.S. Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021.
LIKE the rest of us, the world's finance industry is still wrestling with the huge uncertainty of a pandemic that doesn't yet have an end. The sector's reputation took a battering after the financial crisis, and it's too early to say how things will go this time....
America's largest mall operator Simon Property Group Inc missed Wall Street estimates for revenue and profit on Monday, hurt by unpaid rent from retailers due to the COVID-19 pandemic that also led to a loss of 10,500 shopping days.
A California judge on Monday granted the state's request for a preliminary injunction blocking Uber Technologies Inc and Lyft Inc from classifying their drivers as independent contractors rather than employees.
China's Tencent Music Entertainment Group beat Wall Street estimates for quarterly revenue on Monday, as the company's music streaming service added more paying users during coronavirus-induced lockdowns.
