Markets

Volvo Car Group, owned by China's Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the impact from the pandemic increased the urgency of lowering structural costs.

VIENNA: Shares in AMS jumped 20 per cent on Wednesday after the sensor specialist said it expects the impact from the novel coronavirus to be limited in the current quarter and posted first-quarter revenues within the upper half of its forecast. AMS, which is in the process of taking...

Shares in airline group IAG fell 3per cent after the airline group launched a plan to shrink its main British Airways business, axing staff numbers by a quarter as it warned of a slow recovery from the coronavirus pandemic.

SINGAPORE: SMRT will extend its full rental waiver for taxis until Jun 1, it announced on Wednesday (Apr 29), in a bid to help its taxi partners "cushion the financial impact they will experience" as a result of the extended “circuit breaker” period. The move will cost the company an...

SINGAPORE: Singapore's total employment in the first quarter saw its sharpest drop since the severe acute respiratory syndrome (SARS) outbreak in 2003, according to preliminary estimates released on Wednesday (Apr 29). Total employment, excluding foreign domestic workers, contracted by 19,900 in ...

AstraZeneca on Wednesday beat analysts' estimates for first-quarter profit and reiterated its outlook for 2020, as demand for the company's newer medicines remained steady.

WPP , the world's biggest advertising company, said net sales fell 3.3per cent in the first quarter, with the impact of the COVID-19 pandemic dragging it down by 7.9per cent in March alone, prompting it to cut more costs.

Volkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge.

The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world's largest economy.

Nine lobbying groups including the U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout of the coronavirus, a letter seen by Reuters showed.