Markets

DBS will provide a live telecast of its annual general meeting (AGM) next Tuesday, amid concerns around large group meetings during the ongoing Covid-19 outbreak, the bank announced on Tuesday. This move follows the Ministry of Health's suspension of events and gatherings with 250 or more attendees, which...

DBS will suspend registrations for in-person attendance at its annual general meeting (AGM) next week, after the government laid down stricter measures on Tuesday to contain the Covid-19 outbreak, which include deferring or cancelling all events and mass gatherings, regardless of size.

THE General Insurance Association of Singapore (GIA) recorded an underwriting loss of S$28 million last year, versus an underwriting profit of S$36.3 million in 2018.

Hong Kong-listed smartphone maker Xiaomi is planning an 8 billion yuan (US$1.13 billion) panda bond issue to fund coronavirus prevention efforts, its first onshore issuance, two sources with knowledge of the matter told Reuters.

WASHINGTON: President Donald Trump said on Monday (Mar 23) he is considering how to reopen the US economy when a 15-day shutdown ends next week, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths. "America will again and soon ......

Asian stocks rallied on Tuesday as the U.S. Federal Reserve's promise of bottomless dollar funding eased painful strains in financial markets, even if it could not soften the immediate economic hit of the coronavirus.

SEOUL: South Korea on Tuesday (Mar 24) doubled a planned economic rescue package to 100 trillion won (US$80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets. The package includes 29.1 trillion won in loans to small- and medium-sized companies ......

WELLINGTON: New Zealand said on Tuesday (Mar 24) that retail banks will offer a six-month principal and interest payment holiday for mortgage holders and small business customers whose incomes have been affected by the economic disruption from COVID-19. The government and the banks will also ...

TOKYO: Japanese biopharmaceutical firm Anges Inc said on Tuesday (Mar 24) that it and Osaka University had completed development of a DNA vaccine against the new coronavirus and that it would begin testing it in animals soon.  Shares of Anges surged as much as 17 per cent in morning trade...

WASHINGTON/RIYADH: Finance ministers and central bankers from the world's 20 largest economies agreed on Monday (Mar 23) to develop an "action plan" to respond to a coronavirus pandemic that the IMF now expects to trigger a global recession, but they offered no specifics. The G20 secretariat ...