China's largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout.
Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and technology companies, with production to begin this week.
British low cost airline easyJet said it had grounded its entire fleet and reached a deal with its cabin crew for employees to be furloughed for two months under a government job retention scheme.
SINGAPORE: With the unprecedented economic crisis caused by the COVID-19 pandemic, struggling companies considering wage cuts should have their management teams lead by example, the National Wages Council (NWC) said on Monday (Mar 30). Its recommendation came after official estimates released ...
Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC's cars to customers amid concerns about ride hailing and vehicle sharing eating into car sales.
China's central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) into the financial system to help the world's second-largest economy weather the coronavirus impact.
The Federal Reserve has offered more than US$3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit....
RENEWABLE energy and waste infrastructure developer Equis Development has acquired a solar project in South Korea comprising a US$50 million 22MW (megawatts) solar generation project, and a 70MWh (megawatt hours) battery storage system.
Major U.S. airlines asked the U.S. Treasury to move quickly to release up to US$58 billion in government grants and loans and recommended a formula to divide up the money.
STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.
