Asian stocks were set for a modest bounce on Tuesday as U.S. stock futures edged higher, although fears the coronavirus could drag on the global economy for months are likely to temper investor confidence.
GrubHub, DoorDash, Postmates and Uber Eats were sued on Monday for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices, including during the coronavirus pandemic.
SINGAPORE: As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets. In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt ......
REUTERS: News Corp said on Monday that its newspaper advertising revenue would take a hit from economic disruptions caused by the spread of the coronavirus pandemic. Advertising revenue has plummeted for many publishers as companies slash marketing budgets and prove reluctant to buy ads against ...
NEW YORK: Exxon Mobil Corp on Monday (Apr 13) raised US$9.5 billion in new debt, with the largest US oil producer seeking to bolster its finances while debt markets remain open to new deals. Exxon paid a lower price to borrow than it did in a similar debt deal almost...
REUTERS: Walt Disney Co said on Monday (Apr 13) it has entered an unsecured credit agreement for US$5 billion, at a time when companies across industries are scrambling to bolster their liquidity to weather the fallout from the coronavirus crisis. Disney's theme parks business has taken a ...
Walt Disney Co said on Monday it has entered an unsecured credit agreement for US$5 billion, at a time when companies across industries are scrambling to bolster their liquidity to weather the fallout from the coronavirus crisis.
Wuhan demonstrated incredible resilience against the coronavirus as businesses and society got into action to fight the outbreak, say East Asian Institute’s Zhao Litao and Kong Tuan Yuen.
NEW YORK: Wall Street stocks mostly fell on Monday (Apr 13) ahead of major earnings and economic reports that will shed new light on the hit from coronavirus shutdowns on business conditions and jobs. The Dow Jones Industrial Average dropped 328.60 points (1.39 per cent) to 23,390.77. The broad ...
REUTERS: The US Treasury Department is holding firm on the terms of a US$25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday (Apr 13), and the plan could give the government more than 3 per cent of American...
