Markets

WASHINGTON: The World Bank's board is finalising a package of coronavirus relief valued at up to US$160 billion over the next 15 months, the development lender's president, David Malpass said on Thursday (Mar 26). "The goals are to shorten the time to recovery; create conditions for growth; ...

Two employees of Tesla Inc have tested positive for coronavirus, Business Insider reported on Thursday, citing an internal email.

WeWork told investors on Thursday the US$4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis.

HSBC has said it is delaying the "vast majority" of its planned redundancies to deal with the fallout from the coronavirus pandemic, a memo sent to staff seen by Reuters said.

Harley-Davidson Inc on Thursday withdrew its financial forecasts as the coronavirus outbreak hurts its supply chain, and warned further disruptions could dent its ability to supply and sell motorcycles.

Construction and mining equipment maker Caterpillar Inc said on Thursday it was suspending operations at certain facilities and withdrawing its 2020 outlook as the coronavirus pandemic saps demand for its equipment.

BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis.

Ford Motor Co said on Thursday it planned to restart production at some plants in North America as early as April 6, in a sign of hope for U.S. automakers as the industry grapples with the damages from the coronavirus pandemic.

SINGAPORE: Deputy Prime Minister and Minister for Finance Heng Swee Keat delivered a ministerial statement on Thursday (Mar 26), announcing about S$48 billion in additional support measures from the Government in response to the COVID-19 pandemic. The Resilience Budget has three key areas: To ...

European Union lawmakers are expected on Thursday to approve emergency funds to cushion the bloc's economic slump triggered by the coronavirus pandemic and shore up hard-hit airlines by preserving their landing slots.