OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10per cent of global supply, to support oil prices amid the coronavirus pandemic, sources said.
CHICAGO: Smithfield Foods, the world's biggest pork processor, said on Sunday (Apr 12) it will shut a US plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving "perilously close to the edge" in supplies for grocers. Slaughterhouse shutdowns are ...
BAKU: OPEC, Russia and other oil producing nations were meeting on Sunday (Apr 12) in a bid to clinch a deal on the biggest oil cut ever, amounting to 10 per cent of global supply, after their initial efforts to support oil prices amid the coronavirus pandemic were blocked...
OPEC and its allies will hold a virtual meeting on Sunday evening in a bid to end a standoff that has prevented the finalisation of a global oil supply cut pact, six OPEC+ sources said.
As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there's a notable difference to the last financial crisis: close to zero concern over "moral hazard" - the sticky business of bailing out those whose dilemma is of their own...
Bangladesh on Sunday announced a relief package worth about US$1.7 billion to help farmers struggling because of restrictions imposed to stem the spread of the coronavirus, with neighbouring India expected to further extend its nationwide lockdown.
SINGAPORE: Nine in 10 Singaporeans will on Tuesday (Apr 14) receive the S$600 one-off cash payout announced as part of the Solidarity Budget earlier this month, the Ministry of Finance (MOF) said on Sunday. Last Monday, Deputy Prime Minister Heng Swee Keat announced that all adult Singaporeans ...
Annual leave rosters were always a nightmare to devise but now they have become impossible, says the Financial Times’ Pilita Clark.
The founders of Malaysia's AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75per cent cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday.
Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the economic fallout, throwing into jeopardy an ambitious target to eradicate poverty this year.
