Markets

U.S. crude oil jumped over US$20 per barrel on Tuesday but still traded below US$0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.

NEW YORK: The price for May delivery of West Texas Intermediate, the US benchmark oil, plunged well into negative territory on Monday (Apr 20), an unprecedented crash prompted by the imminent expiration of this month's futures contract. Yet the price of a barrel of the same grade of oil...

COVID-19 has triggered a perfect storm of panic, disruption, and widespread technological upheaval that constitutes the perfect breeding ground for cyberattacks, says Dathena’s Christopher Muffat.

While national morale remains good, the bigger challenge for New Zealand will come from beyond its borders, say Dick Grant.

General Electric Co entered into a revolving credit agreement for US$15 billion, according to a regulatory filing on Monday.

SINGAPORE banks will just about halve the interest rates to small- and medium-sized enterprises (SMEs) on the latest tranches of government-assisted loans, as the central bank stepped in for the first time ever to directly offer funding at near-zero cost to financial institutions amid the virus outbreak....

SINGAPORE's banking trio are offering more affordable financing support for small and medium-sized enterprises (SMEs) hit by the novel coronavirus fallout.

NEW YORK: The aftershocks of an unprecedented slump in oil prices into negative territory were felt across Wall Street on Monday (Apr 20), with stock indices starting lower and staying that way all day. The Dow Jones Industrial Average declined 2.4 per cent to finish the session at 23,650.44. The...

REUTERS: International Business Machines Corp on Monday (Apr 20) withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends. The company posted quarterly revenue slightly ...

International Business Machines Corp on Monday withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for the pandemic and it would continue to pay dividends.