NEW YORK: World stock markets rallied on Tuesday (Mar 24) on expectations for a massive US stimulus package and following new moves from the Federal Reserve, the latest salvos in a global counterattack against the damage from the coronavirus pandemic. On Wall Street, the Dow surged 11.4 percent ...
DBS will suspend registrations for in-person attendance at its annual general meeting (AGM) next week, after the government laid down stricter measures on Tuesday to contain the Covid-19 outbreak, which include deferring or cancelling all events and mass gatherings, regardless of size.
SINGAPORE'S general insurance market posted an underwriting loss of S$28 million last year, versus an underwriting profit of S$36.3 million in 2018.
BANKS are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in response to the Fed's two off-cycle rate cuts in March.
REUTERS: Apple Inc could start re-opening some of its retail stores in the first half of April, Bloomberg reported on Tuesday (Mar 24), citing an internal memo. The company has also extended remote work abilities for many employees through at least Apr 5, the report added. Apple declined to ......
WASHINGTON: President Donald Trump said on Tuesday (Mar 24) that he would not let airplane manufacturer Boeing Co go out of business as a result of the economic disruption caused by the coronavirus outbreak. "We're not letting Boeing go out of business," Trump said in a Fox News interview. "You...
Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fueled shutdowns.
WASHINGTON: President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co go out of business as a result of the economic disruption caused by the coronavirus outbreak. "We're not letting Boeing go out of business," Trump said in a Fox News interview. "You have...
Apple Inc could start re-opening some of its retail stores in the first half of April, Bloomberg reported on Tuesday, citing an internal memo.
SEATTLE: Boeing Co's chief financial officer said on Tuesday that the U.S. planemaker was not in discussions to raise new debt as the coronavirus pandemic batters global aviation. "Not right now. The markets essentially are closed," Boeing CFO Greg Smith told Reuters by phone. "I mean, there's ...
