Markets

A fading of the U.S. dollar's allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months.

The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.

Nearly three dozen former employees from Facebook's early days on Wednesday blasted Chief Executive Mark Zuckerberg's decision not to act against incendiary posts by U.S. President Donald Trump as "cowardly" and a "betrayal" of company ideals.

Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.

BERLIN: Germany will plough 130 billion euros (US$146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel said on Wednesday (Jun 3). Under the wide-ranging measures outlined in a 15-page document, value-added tax will be ...

Paper money was first used in China during the Tang dynasty. Fourteen centuries later, China is giving a new spin to the concept of currency itself. Money Mind explains how the project could transform the international financial system – and give new currency to the meaning of money.

China can now focus on critical economic issues and accommodate the realities of a post-coronavirus world, says Principal Global Investors’ Binay Chandgothia.

CIMB Bank Singapore is backtracking on its intended mortgage floor rate hike, following pushback from incensed customers who have banded together to challenge the bank's earlier decision.

THE 21 digital bank applicants in Singapore will be scrubbing through numbers and updating them to show the Monetary Authority of Singapore (MAS) from this month how their businesses and finances have been impacted by the global pandemic.

NEW YORK: Wall Street stocks surged on Wednesday (Jun 3), again betting on an economic rebound in the United States following coronavirus shutdowns and shrugging off rising tensions with China. The Dow Jones Industrial Average finished up 527.24 points (2.05 per cent) at 26,269.89. The broad ...