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Trump says US$70 billion in coronavirus rescue loans authorized. But where’s the cash?

Roughly US$70 billion of a US$350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in recent days, President Donald Trump said on Tuesday, adding that that money was "essentially loaned."

Markets

Amazon to suspend delivery service competing with UPS, FedEx

REUTERS: Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday (Apr 7), citing people familiar with the matter. Amazon is suspending the service because it needs people and capacity to handle a surge in its...

Markets

Amazon to suspend delivery service competing with UPS, FedEx: WSJ

Amazon.com Inc has put on hold a new delivery service that competes with UPS and FedEx, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Markets

Commentary: COVID-19 and the rise of the pandemic economy

Analysts in advanced economies are reckoning with a phenomenon familiar to fragile or failed states – a total economic standstill and the devastation that follows, says Mohamed A El-Erian.

Markets

Wall Street volatility raises fears of another selloff

The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.

Markets

MAS eases some capital requirements for banks, but says no share buybacks

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers should not go towards share buybacks.

Markets

TDSR waived for deferred mortgage payments

BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.

Markets

For Singapore banks, a lesson on greater transparency from Jamie Dimon

JPMORGAN'S long-standing CEO Jamie Dimon on Monday set out a 23-page shareholders' letter that outlined how the US bank is managing the crisis at hand, as brought on by the global virus outbreak.

Markets

Banks across Singapore will close some branches till May 4

BANKS across Singapore have announced plans to close some branches till May 4 in anticipation of lower footfall amid tighter social distancing measures to curb the community spread of Covid-19 here.

Markets

DBS doubles SME digital business loan quantum to S$200,000

DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.

Markets

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