HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.
FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.
Citigroup Inc said on Tuesday it would postpone its 2020 investor day that was scheduled to take place on May 13 due to the coronavirus pandemic.
JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80per cent in April as part of wider schedule cuts due to the coronavirus outbreak, a spokesman said.
SAN FRANCISCO: Washington Governor Jay Inslee on Tuesday signed the first U.S. state law that sharply curbs law enforcement's use of facial recognition technology, while civil rights activists said the measure did not go far enough to protect marginalized groups. Facial recognition software can ...
REUTERS: Xerox Holdings Corp decided on Tuesday (Mar 31) to abandon its US$35 billion hostile cash-and-stock bid for HP Inc after the coronavirus outbreak put the brakes on its takeover campaign, according to people familiar with the matter. The decision came after Xerox said earlier this month it ......
NEW YORK: The Dow finished sharply lower on Tuesday (Mar 31) as it suffered its worst quarterly loss since 1987 amid a broader market rout over the coronavirus outbreak. The Dow Jones Industrial Average ended the session at 21,917.16, down 410.32 points (1.84 per cent). The blue-chip index lost ......
President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to a source familiar with the decision.
Barclays , Royal Bank of Scotland and the British arm of Spain's Santander , said on Tuesday they would suspend dividend payments, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.
Italy's biggest bank by assets, UniCredit SpA , said on Tuesday its top managers had decided to waive their entire 2020 bonus pay and that the bank would donate an equivalent amount to the UniCredit Foundation to support social initiatives.
