CHICAGO: With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him. He ordered his employees to give ...
WASHINGTON: The US Federal Reserve on Monday (Apr 27) widened a new crisis lending programmes to grant many more cities and counties access to funds aimed at blunting the coronavirus pandemic's economic damage. The Fed lowered the population thresholds announced early this month in the Municipal ...
US oil companies have feasted on a decade-long diet of rampant liquidity thanks to very low short-term interest rates and quantitative easing, says an observer.
REUTERS: British Airways is planning to launch a consultation that could result in cutting about 800 of its 4,500 pilot jobs, a Sky News reporter tweeted https://twitter.com/MarkKleinmanSky/status/1254880282899091456 on Monday. The company said earlier this month that it had struck a deal with ...
NEW YORK: Equity markets rallied on Monday (Apr 27) as governments across the world started to ease coronavirus lockdown measures, but oil prices tumbled as a supply glut overwhelmed output cuts. US markets followed Asia and Europe higher after virus figures from some of the worst-hit countries ...
SINGAPORE'S efforts to develop into a global capital for alternative risk transfer are bearing fruit, particularly in the area of catastrophe bonds. Since 2019, six cat bond issuances worth a combined US$488 million in terms of capital raised are domiciled in Singapore.
PRUDENTIAL Singapore has disbursed over half of its S$1.5 million Covid-19 relief package in cash benefits since the package was introduced in February, with a vast majority paid out as quarantine benefits.
REUTERS: Boeing Co will need to borrow more money over the next six months and does not expect to pay dividends again for years, as the US plane manufacturer wrestles with industry fallout from the coronavirus and the grounding of its 737 MAX jet, chief executive Dave Calhoun told shareholders on...
WASHINGTON: Verizon Communications Inc , the largest US wireless carrier, and cable giant Comcast Corp said on Monday (Apr 27) they will extend a commitment through Jun 30 not to cancel service or charge late fees to customers because of the coronavirus pandemic. In March, the Federal ...
Verizon Communications Inc , the largest U.S. wireless carrier, and cable giant Comcast Corp said on Monday they will extend a commitment through June 30 not to cancel service or charge late fees to customers because of the coronavirus pandemic.
