Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan (US$2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.
Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10per cent of the factory's workforce has managed to return so far, a source told Reuters.
KUALA LUMPUR: Malaysia's economy is expected to expand by 4.8 per cent this year, Prime Minister Mahathir Mohamad said on Monday (Feb 10), maintaining the government's forecast as it braces for a potential global slowdown tied to the novel coronavirus outbreak. Mahathir said the government expects ...
Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .
China's smartphone sales may plunge by as much as 50per cent in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports.
Researcher TrendForce said on Monday it expected global smartphone production to fall by 12per cent to its lowest level in five years in the first three months of 2020 because a virus outbreak in China.
General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.
YOUNGER customers and higher-income individuals are keen to open a digital bank account in Singapore, even as two in five of overall respondents indicated that they would only consider doing so if the digital bank is “popular and successful”.
Israeli defense firm Elbit Systems Ltd said on Monday it won contracts worth US$136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems.
Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact.
