Markets

WASHINGTON: Uber unveiled plans to expand delivery of groceries and other goods from retailers as part of its response to the global coronavirus lockdowns. The ridesharing giant said a new service called Uber Direct would focus on grocery and convenience store deliveries - where social distancing ...

Scientists have discovered that a comet called 2I/Borisov - only the second interstellar object ever detected passing through the solar system - is surprisingly different in its composition from comets hailing from our celestial neighborhood.

Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered.

U.S. restaurants are on track to lose US$50 billion in April, with losses mounting to an estimated US$240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.

An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by a whopping 36per cent, opening up the widest gap between it and the next contract ever, at nearly US$11 a barrel.

US Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker said, but he accused Democrats of holding up a deal.

The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday.

A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before.

SINGAPORE: Small- and medium-sized enterprises that need help to manage their immediate cash flow needs during the COVID-19 pandemic can take out government-assisted bank loans at a lower interest rate. The Monetary Authority of Singapore (MAS) and Enterprise Singapore on Monday (Apr 20) launched ...