The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday.
Asian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the economic pain inflicted by the coronavirus crisis helped calm global equity markets.
SEOUL: The coronavirus pandemic pushed South Korea's economy into its biggest contraction since 2008 in the first quarter, as self-isolation hit consumption and kept businesses closed and global trade slumped. Gross domestic product decreased by a seasonally adjusted 1.4 per cent in the first ...
Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly US$7.8 billion write-down from a sharp fall in fuel demand.
SEOUL: South Korea's economy reported its biggest contraction since 2008 in the first quarter, as the spread of the coronavirus hit consumption, closed businesses and pummelled trade. Gross domestic product decreased by a seasonally-adjusted 1.4 per cent in the first quarter from the previous ...
German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78per cent to 617 million euros, following disruptions caused by the coronavirus pandemic.
An increasing number of U.S. companies are selling bonds to repay lines of credit they drew down at the height of the coronavirus-induced market turmoil, an indication that the cash crunch facing much of Corporate America may be easing, according to Bank of America analysts.
The head of Boeing's 737 program has been tapped to oversee the planemaker's commercial programs as the company works to win approval to return the 737 MAX to service, which has been grounded for 13 months.
WITH their shutters drawn and government relief pumped through digital channels, businesses in Singapore have been driven to adapt to electronic payments amid the Covid-19 crisis.
WITH oil trading giant Hin Leong making headlines amid the recent collapse of oil prices, the Singapore banks are set to take charges against their broader exposure to the oil-linked sectors but in a more measured way given more prudence today, analysts said.
