Markets

HONG KONG: Companies in the Asia Pacific need to raise a near-record US$69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region's capital markets remain turbulent due to the coronavirus pandemic. The level of US dollar corporate debt due to ...

Engineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company's YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages.

NEW YORK: Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel....

REUTERS: 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 (Apr 5). Rolls-Royce is also aiming to announce new credit facilities in excess of 1 billion ...

Stelios Haji-Ioannou, the founder of easyJet Plc , has warned that he will not inject any fresh equity into the airline it terminates a contract with Airbus SE for 4.5 billion pounds (US$5.50 billion), according to a letter https://easy.com/wp/wp-content/uploads/2020-04-05-stelios-media-statement ...

REUTERS: Private equity firm Silver Lake Partners is preparing to seek at least US$16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Investing the money raised in the coming ...

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...