Markets

Caterpillar Inc on Tuesday said it will not hand out annual salary increases this year as part of cost cut plan to deal with the coronavirus economic fallout.

STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told The Business Times.

HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.

Citigroup Inc said on Tuesday it would postpone its 2020 investor day that was scheduled to take place on May 13 due to the coronavirus pandemic.

JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80per cent in April as part of wider schedule cuts due to the coronavirus outbreak, a spokesman said.

SAN FRANCISCO: Washington Governor Jay Inslee on Tuesday signed the first U.S. state law that sharply curbs law enforcement's use of facial recognition technology, while civil rights activists said the measure did not go far enough to protect marginalized groups. Facial recognition software can ...

REUTERS: Xerox Holdings Corp decided on Tuesday (Mar 31) to abandon its US$35 billion hostile cash-and-stock bid for HP Inc after the coronavirus outbreak put the brakes on its takeover campaign, according to people familiar with the matter. The decision came after Xerox said earlier this month it ......

NEW YORK: The Dow finished sharply lower on Tuesday (Mar 31) as it suffered its worst quarterly loss since 1987 amid a broader market rout over the coronavirus outbreak. The Dow Jones Industrial Average ended the session at 21,917.16, down 410.32 points (1.84 per cent). The blue-chip index lost ......

President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to a source familiar with the decision.