Markets

UK aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, due to the coronavirus outbreak, the Financial Times reported late on Sunday.

MOVE aside e-wallets. Here comes a digital payment account that will allow tourists in China to spend like the locals, without having to lug around hard cash that is barely accepted and the hassle of opening a savings account with debit facilities.

REUTERS: Boeing Co said on Sunday (Apr 5) it would extend its temporary suspension of production operations at its Washington state production facilities until further notice. The largest US planemaker announced on Mar 23 it would halt production at its Washington state twin-aisle jetliner factory ...

NEW YORK: Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week. The move lower may be muted as the market reacts...

Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week.

BEIJING: Luckin Coffee, China's biggest rival to Starbucks, apologised on Sunday (Apr 5) after it revealed a top executive may have faked 2.2 billion yuan (US$310 million) worth of sales in 2019. The company's former chief operating officer, Liu Jian, and several of his staff have been suspended ......

U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcoming stress tests, the Financial Times reported on Sunday, citing people familiar with the situation.

A top official at the U.S. Federal Reserve said on Sunday the US$2.3 trillion economic relief bill approved by Congress was appropriately sized and that a further relief effort may not be needed if support efforts are well executed.

SINGAPORE: Some individuals with life and health insurance have started enquiring about how to defer payments for their policy premiums, days after that option was announced by the authorities. Great Eastern told CNA on Friday (Apr 3) that it has heard from about 200 policyholders with such ...

REUTERS: The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay Area directed non-essential businesses to shut almost three weeks ago. But messages soon flowed in from customers telling them their parts were needed ......