Pressures faced by Amazon's staff in France are unacceptable, Finance Minister Bruno Le Maire said on Thursday, after unions said workers faced non-payment if they stopped due to fears over the coronavirus outbreak.
SINGAPORE: Banks in Singapore aim to start active Singapore Overnight Rate Average (SORA) derivatives trading in the second half of the year, as the city-state prepares a transition to new benchmark interest rates in line with a global trend, industry and regulatory officials said on Thursday (Mar ...
SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$400,000 on TMF Trustees Singapore Limited (TTSL) for failing to comply with MAS' Anti-Money Laundering and Countering the Financing of Terrorism requirements. Following an inspection by MAS, the firm was ...
World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic.
From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.
SUVA, Fiji: Fiji confirmed its first coronavirus case Thursday (Mar 19) and immediately moved to seal off the city where the patient - a flight attendant - was based, as panic buying gripped the Pacific island nation. The announcement of Fiji's first COVID-19 case followed rampant speculation ...
Hundreds of Twitter users welcomed on Thursday an offer by Tesla's chief executive, Elon Musk, to make ventilators for coronavirus sufferers, after the United States appealed for donations of respirator masks to combat a shortage.
Lufthansa said that the airline industry may not survive without state aid if the coronavirus pandemic lasts for a long time, as it throws everything at bringing home travelers and keeping industrial supply chains open.
Western powers said they were on a war footing against the coronavirus as they unleashed nearly one trillion dollars to rescue the global economy, with Italy reporting the highest single-day death toll of the pandemic.
SHANGHAI: China's foreign exchange regulator will expand a pilot scheme to enable high-tech start-ups to borrow money more easily from overseas, it said on Thursday. The scheme, launched in 2018 by the State Administration of Foreign Exchange (SAFE) in Beijing's Zhongguancun technology hub, is now ...
