Markets

A price war between world oil producers has slashed Venezuela's revenue for its top export and exacerbated the country's financial crisis as it also faces the coronavirus pandemic, U.S. sanctions and sliding crude output.

BEIJING: China's central bank said on Friday (Apr 3) it would cut the reserve requirements for smaller banks to release around 400 billion yuan (US$56.3 billion) in liquidity, a move to counter the coronavirus impact on enterprises. The People's Bank of China (PBOC) said in a statement it will ......

SINGAPORE: All workplaces except for those providing essential services and those able to operate remotely will be suspended from Apr 7 to May 4 during a month-long "circuit breaker" campaign to curb further spread of COVID-19, said Manpower Minister Josephine Teo on Friday (Apr 3).  Previously ...

U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small business loans aimed at shoring up the economy amid the global coronavirus pandemic, and sounded a positive note about a new program that lenders have greeted with skepticism.

3M Co said on Friday it would continue to increase the production of respirators, after US President Donald Trump announced he was invoking the Defense Production Act to get the company to manufacture more face masks.

Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show.

Aircraft lessor Avolon has cancelled an order for 75 Boeing 737 MAX planes that were due to be delivered by 2023 as it adjusts its order book to the industry disruption caused by the coronavirus pandemic, the Dublin-based firm said on Friday.

With the future of many coronavirus hit firms in their hands, British banks, still scarred by the financial crisis, are worried that they are being asked by a desperate government to make loans that will never be repaid.

SoftBank Group Corp founder and CEO Masayoshi Son on Friday began polling his Twitter followers over whether a state of emergency should be declared, as the number of people in Tokyo infected with the coronavirus continues to rise.

Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a US$349 billion pot of money the US government will offer businesses hard-hit by coronavirus.