Markets

U.S. lawmakers are nearing agreement on a package of grants for passenger and cargo airlines and contractors worth US$32 billion as part of a massive U.S. stimulus and rescue package amid the massive travel demand falloff because of the coronavirus outbreak, three people briefed on the matter said.

Phillips 66 is delaying three sizeable scheduled shutdowns at its refineries this year, the company said on Tuesday, because of concerns that coronavirus could spread among the refineries' workers if the maintenance goes ahead.

The U.S. Federal Reserve's efforts to shield the economy from the effects of the coronavirus have - for now - slowed a scramble for dollars that threatened to clog funding markets.

Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.

SINGAPORE: Singapore stocks, in tandem with the global sell-off, have been in free fall and given a rapidly-evolving COVID-19 pandemic, market analysts said it would be unrealistic to expect a stability in the market anytime soon. Year to date, the benchmark Straits Times Index (STI) has slumped ...

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than US$250 billion.

South African businesses braced for a nationwide lockdown and panic buyers stockpiled food and other essentials on Tuesday as the number of confirmed coronavirus cases jumped to 554 from 402 a day earlier.

Facebook Inc's Instagram said on Tuesday it would remove coronavirus-related content and accounts from recommendations and its "explore" option, unless posted by or belonging to credible health organizations.

Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person familiar with the situation.

Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person familiar with the situation.