Markets

The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.

DBS Group on Thursday said it would defer its annual general meeting (AGM) that was originally due on March 31.

LONDON: Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the coronavirus outbreak - from both commodity traders and retail buyers. The precious metal had forged a seven-year peak on commodity markets this month as traders sought shelter ......

WASHINGTON: The US Senate passed the nation's largest-ever rescue package late Wednesday (Mar 25), a US$2 trillion lifeline to suffering Americans, depleted hospitals and an economy all ravaged by a rapidly spreading COVID-19 crisis. The monster deal thrashed out between Republicans, Democrats ...

China and the United States are expected to call a timeout on their coronavirus blame game and focus on the challenges of the pandemic when leaders of the G20 nations hold talks via video conference on Thursday, the South China Morning Post said.

Airbnb Inc hosts in the United States could get some relief from a US$2 trillion coronavirus stimulus bill that is nearing a vote in Congress, the home-rental startup said on Wednesday.

SAN FRANCISCO: An international group of nearly 400 volunteers with expertise in cybersecurity formed on Wednesday to fight hacking related to the novel coronavirus. Called the COVID-19 CTI League, for cyber threat intelligence, the group spans more than 40 countries and includes professionals in ...

McDonald's Corp said on Wednesday it would temporarily remove some items from its U.S. menu as it focuses on simplifying operations in the face of the fast-spreading coronavirus outbreak.

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers US$58 billion in aid, including payroll support.

SINGAPORE: The Singapore economy contracted 2.2 per cent year-on year in the first quarter of 2020, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (Mar 26). This compares to a 1.2 per cent growth logged in the first quarter last year, and ...