Markets

DUBAI: Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters. International crude prices have fallen ...

Carnival Corp , the world's largest cruise operator, said it has raised US$6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.

SINGAPORE: Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative. The E-Commerce Booster Package provides both cost and manpower support, Enterprise Singapore said in a news release on ...

The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. The world's biggest gambling hub has barred entry to most travellers and hotels are being used to isolate new arrivals in case they have been infected by coronavirus.

SINGAPORE: Some law firms are seeing a surge in queries on employee rights and employer obligations as the economy takes a hit from the COVID-19 outbreak, with the Government issuing guidelines on retrenchments and cost-cutting. Employees have asked about their rights as contract staff or ...

Japan's SoftBank Group Corp will not complete a US$3 billion tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office operator's board said on Wednesday.

The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources told Reuters.

From expensive watches to chocolates and cement, Swiss industry is being battered by the coronavirus epidemic, data showed on Wednesday, with the country's PMI survey sinking to its lowest level in more than a decade.

The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade.

GREAT Eastern is offering a six-month grace period for life insurance premium payments, for Singapore customers whose incomes have been affected by the Covid-19 outbreak.