SINGAPORE: Singapore Pools said on Saturday (Apr 4) that it will suspend all lottery draws from next week and shut down its outlets to comply with ramped up measures to curb the COVID-19 outbreak. National Development Minister Lawrence Wong said during a press conference on the COVID-19 situation ......
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to US$32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.
General Motors Co (GM) will seek to extend maturities on USUS$6bn in revolving loans rather than refinance a USUS$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US.
WASHINGTON: World Bank Group President David Malpass on Friday (Apr 3) said the rapidly spreading COVID-19 pandemic was expected to cause a "major global recession" that would likely hit the poorest and most vulnerable countries the hardest. "We intend to respond forcefully and massively with ...
U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting it was among their top concerns, according to three sources briefed on the matter.
The U.S. Securities and Exchange Commission's lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.
Southwest Airlines Co said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agreement.
Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.
There’s no escaping the need for a healthy balance sheet, diversifying revenue sources and rethinking frequent fleet renewal, says Nitin Pangarkar.
