Developing countries will struggle to raise funds to deal with the crisis, while bearing the brunt of capital flight, say Pierre-Olivier Gourinchas and Chang-Tai Hsieh.
SINGAPORE'S Big Three banks saw a surge in enterprise loan applications in the past two months, with the majority of requests coming from micro and small businesses under siege from the virus pandemic.
WITH the wide curbs on movement and the push to work from home amid the Covid-19 pandemic, more consumers here are turning to digital banking.
DBS Group will pay its shareholders their final dividend for fiscal 2019 of 33 Singapore cents per share on May 26, once it gets approval from shareholders via a virtual annual general meeting (AGM) to be held on April 30 at 2.30pm, it said on Wednesday. ...
Costco Wholesale Corp said on Wednesday it would raise its quarterly dividend by 7.7per cent to 70 cents per share, at a time when several major companies have suspended cash returns to shareholders to shore up liquidity.
DETROIT: Canadian auto supplier Magna International Inc is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday. Most U.S. states ......
WASHINGTON: The devastation caused to the US economy by the coronavirus pandemic was thrown into even sharper relief on Wednesday (Apr 15) with new government data and a report from the Federal Reserve warning the bloodletting would continue. Lockdowns necessitated by the pandemic caused economic ...
J.C. Penney Co Inc said on Wednesday it will not make a US$12 million interest payment on its long-term corporate bonds, a day after Reuters reported the department store operator was considering filing for bankruptcy protection.
Lyft Inc on Wednesday said it has launched a new on-demand delivery service to provide essential goods, including groceries, meals and medical supplies, to people in need during the coronavirus crisis.
Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more evidence that the United States will not restart, only to have to fall back under another coronavirus lockdown soon.
