Markets

SHANGHAI: China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday (Jun 22), matching market expectations, after the central bank kept borrowing costs on medium-term loans steady last week. The one-year loan prime rate (LPR) remained at 3.85 per ...

Japan's Toshiba Corp said on Monday it planned to monetise its 40.2per cent stake in former flash memory chips unit Kioxia Holdings, stating its intentions of a potential stake sale for the first time.

U.S. stock futures dropped in early Asian trade on Monday as rising coronavirus cases in the United States raised more doubts about a quick economic rebound from the massive downturn triggered by the pandemic.

The economic fallout from COVID-19 is unprecedented. All the more reason for retrenchments to be managed with an unprecedented level of empathy and compassion, says PeopleSearch’s Jaime Lim.

OCBC Bank says it is aiming to expand its sustainable finance portfolio to S$25 billion by 2025, riding growth momentum that is expected to continue over the next few years despite Covid-19.

FRANKFURT: Lufthansa will seek to avoid a grounding and insolvency, Chief Executive Carsten Spohr said on Sunday (Jun 21), before a showdown between the airline's biggest shareholder and the German government over the terms of a 9-billion-euro bailout. Lufthansa has been hard hit by what is ...

NEW YORK: American Airlines Group Inc is planning to raise around US$1.5 billion by selling shares and convertible notes, as the airline shores up liquidity after travel disruption due to coronavirus, Bloomberg News reported on Sunday (Jun 21). The airline could announce the offering as early as ...

BEIJING: China banned imports from a top US poultry producer and ordered a Beijing Pepsi factory to close on Sunday (Jun 21) as authorites clamped down on food production and distribution amid a new coronavirus cluster in the capital. Health officials also reported 22 new virus cases in Beijing ......

Lufthansa's biggest shareholder, billionaire Heinz Hermann Thiele, will meet Germany's economics minister for talks on Monday about a 9 billion euro (US$10.1 billion) bailout for the airline, a source close to the matter told Reuters.

Wineries around Cape Town fear a nine-week alcohol sales ban will leave a bad hangover that outlasts the coronavirus pandemic, as South African bottles lose their spots on international shelves and thousands of jobs are lost.