SYDNEY: Australia has stopped sending rock lobster to its biggest market of China after new Chinese customs inspections were imposed on the live seafood, an industry group and the Australian government said. The new inspection delays come amid diplomatic tensions between the two nations, raising ...
Oil prices hit five-month lows and shares extended losses on Monday on worries about global demand as many economies slid back into coronavirus-induced lockdowns while upcoming U.S. presidential elections led to heightened caution.
Lazard Ltd has hired restructuring banker Sam Whittaker from PJT Partners to oversee negotiations between companies and their creditors across Europe, the Middle East and Africa as a second wave of COVID-19 leaves many businesses fighting for survival.
WITH some global banks rolling back their most dire projections on how the pandemic will hit their books this year, the focus falls on Singapore banks to see how their performance in Asia would square in Q3.
SMALL and medium-sized enterprises (SMEs) in financial distress because of the Covid-19 pandemic can now apply for two schemes to restructure their credit facilities and debts owed to multiple lenders.
THE euro and sterling are both weakening in the face of ongoing coronavirus lockdowns and renewed economic downturns throughout Europe.
Australian wealth manager AMP Ltd on Monday said a buyout offer from U.S.-based Ares Management Corp had an implied value of AUS$1.85 per share, valuing the proposal at AUS$6.36 billion (US$4.47 billion).
The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a judge blocked the action.
EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging trade rupture in less than nine weeks.
A global aviation manual now under review by a UN body suggests global guidelines calling for the use of highly reliable tests when screening passengers to detect the novel coronavirus ahead of flights, three sources familiar with the matter said.
