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Markets

What did eight weeks and US$3 trillion buy the US in the fight against coronavirus?

Unemployment checks are flowing, US$490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about US$2.5 trillion and counting behind domestic and global markets.

Markets

ARA-backed Minterest sells out first real estate investment product in 11 minutes

THE first real estate investment product launched by crowdfunding platform Minterest was snapped up in 11 minutes by yield-hungry investors, <a href="https://www.businesstimes.com.sg/real-estate/ara-john-lims-family-office... stakeholder ARA Asset Management</a> said on Monday.

Markets

SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom – WSJ

SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile U.S. stake to controlling shareholder Deutsche Telekom AG , the Wall Street Journal reported on Monday citing unidentified sources.

Markets

Subaru says full-year profit rose 16per cent, braces for coronavirus impact

Subaru Corp on Monday posted a 15.7per cent rise in annual operating profit in the year that ended in March as it recovered from production delays and product recalls last year, but warned of uncertainties from the coronavirus outbreak this year.

Markets

Alibaba’s Jack Ma resigns from SoftBank board

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

Markets

Japan slips into recession, slump set to worsen as pandemic wreaks havoc

Japan's economy slipped into recession for the first time in 4-1/2 years, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.

Markets

GM instructs Mexican suppliers to prepare to resume operations

The president of General Motors Co's Mexican unit advised suppliers to prepare to resume operations after the Mexican government said the automotive industry could exit the coronavirus lockdown before June 1 with adequate safety measures.

Markets

SoftBank proposes three new board members as Alibaba’s Jack Ma resigns

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

Markets

BGH, Bain, Indigo Partners, Cyrus Capital make Virgin Australia shortlist – source

Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.

Markets

US GDP could ‘easily’ contract 20-30% Q2: Fed chief Powell

WASHINGTON: The business shutdowns caused by the coronavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 per cent this quarter, Federal Reserve Chair Jerome Powell said on Sunday (May 17). Data show more than 30 million jobs were destroyed in the world's top economy,...

Markets

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