Markets

MELBOURNE: U.S. crude oil futures opened 5per cent higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic. U.S. West Texas Intermediate (WTI) crude futures rose as much as US$1.16 to a high of US$21.47, and ...

Apple Inc said on Wednesday it would stop taking a cut of some sales for "qualifying" streaming video services on iPhones and other Apple devices, including Amazon.com's Prime Video.

Demand for electricity, petrol, diesel and aviation fuel have plummeted, say observers.

Aid in the form of the Resilience Budget is welcome but more can be done to show how the Resilience Budget has achieved objectives, says OCBC’s Selena Ling.

SINGAPORE banks face uncertain times ahead as a combination of unprecedented global lockdowns and latest virus relief measures here and around the region put question marks over the full hit to their income and credit provisions for 2020.

SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to manage their cashflow on the back of measures announced by the Monetary Authority of Singapore...

SEASONED small- and medium-sized enterprises (SMEs) that have weathered cycles through the years are assessing their liquidity while on good credit standing, even as they have an estimated 30-40 per cent of their existing credit lines still untapped, a top banker from OCBC said.

CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.

Starbucks Corp on Wednesday said it will extend special coronavirus provisions, including pay increases for workers and closed dining areas, for two weeks to May 3.

Just two months after taking office, President Donald Trump in March 2017 traveled to Michigan to announce that he would undo ambitious vehicle emissions standards mandated under his predecessor Barack Obama, portraying the reversal as a boost to the U.S. auto industry centered in the Midwestern ...