Occidental Petroleum Corp said on Thursday it expects to take impairment charges of up to US$9 billion in the second quarter related to the value of its assets as the oil producer forecast crude price to remain lower for a long period of time.
Blackstone Group Inc said on Thursday Alphabet Inc's finance chief, Ruth Porat, will join the private equity firm's board of directors.
Markets for stocks and other risky assets could suffer a second swoon if the coronavirus spreads more widely, lockdowns are reimposed or trade tensions surge again, the International Monetary Fund warned on Thursday.
Shares of Walt Disney Co dropped 2.4per cent on Thursday after the media company delayed the reopening of theme parks and resort hotels in California, following a surge in fresh COVID-19 cases in the state.
Turkey's potential ejection from MSCI's widely followed emerging markets index could suck almost a billion dollars out of its stock markets, dealing another blow to the country, whose position is already waning on global markets.
THE local bond market is opening up nicely with hot demand for the Singapore Technologies Telemedia (STT) perpetual deal, which has come hot on the heels of Swiss Re's S$350 million 15-year issue at 3.125 per cent done on Wednesday, pulling in orders of more than S$1.4...
Moderna Inc said on Thursday it has partnered with contract drugmaker Catalent Inc to produce 100 million doses of its experimental COVID-19 vaccine starting in the third quarter of 2020.
Americans are split along party lines over whether federal stimulus programs to boost the U.S. economy during the COVID-19 pandemic should prioritize clean energy businesses, according to a survey published by Reuters/Ipsos on Thursday.
Developing a COVID-19 vaccine in record time will be tough. Producing enough to end the pandemic will be the biggest medical manufacturing feat in history.
BUSINESSES which do not manage their environmental risk adequately could find themselves facing higher borrowing costs or limits on their loans down the road, if the proposed guidelines released by the Monetary Authority of Singapore (MAS) on Thursday are accepted and implemented.
