US stocks fall, snapping three-day winning streak

NEW YORK (AFP) - Wall Street stocks sank Friday (March 27), plunging after three positive sessions despite the House of Representatives approving a US$2...

Singapore, South Korea affirm importance of keeping trade, supply chains open amid coronavirus crisis

SINGAPORE - Singapore and South Korea reiterated the importance of ensuring open trade flows and supply chain connectivity amid the coronavirus outbreak as the...

ABN Amro takes $285m loss on single client felled by coronavirus-linked market volatility

AMSTERDAM (BLOOMBERG) - ABN Amro Bank became the first European lender hurt by a major trading loss stemming from the coronavirus crisis, booking a...

India’s central bank unleashes $71b of liquidity, slashes rates to counter coronavirus

MUMBAI (BLOOMBERG) - The Reserve Bank of India cut interest rates and announced steps to boost liquidity in a stimulus worth 3.2 per cent...

UOB asset manager rolls out sustainable bond fund for retail investors

SINGAPORE (THE BUSINESS TIMES) - UOB Asset Management (UOBAM) on Friday (March 27) launched a sustainable bond fund in Singapore targeted at retail investors. Known...

Singtel’s video streaming service Hooq in liquidation

SINGAPORE - Hooq Digital, a joint-venture company in which Singtel has an indirect 76.5 per cent effective interest, has begun a creditors' voluntary liquidation. A shareholder meeting...

Asia’s debt-fuelled boom threatened by corporate credit meltdown

SINGAPORE (BLOOMBERG) - As the coronavirus outbreak roils credit markets around the world, Asia is under particular threat. The region has led the world in...

Vickers Venture raises $286m for new fund; one invested biotech working on coronavirus vaccine

KUALA LUMPUR (REUTERS) - Singapore-based Vickers Venture Partners said on Friday (March 27)it has received commitments totalling US$200 million (S$286 million) so far for...

IHH Healthcare auditor issues qualified opinion

SINGAPORE (THE BUSINESS TIMES) - The external auditor for IHH Healthcare has issued a qualified opinion, as ongoing probes relating to the Fortis Healthcare...

World on the brink of running out of places to store oil

SINGAPORE (BLOOMBERG) - The world will run out of places to store oil in as little as three months, according to an industry consultant. IHS...

SIA shares fall on massive fund-raising plan to fight coronavirus impact

SINGAPORE (THE BUSINESS TIMES) - Singapore Airlines' (SIA) stock price saw some volatility on Friday morning (March 27), shortly after the flag carrier proposed...

US airlines to dash for cash grants, not loans, even with potential government stake

CHICAGO (REUTERS) - US airlines are preparing to tap the government for up to US$25 billion (S$35.7 billion) in grants to cover payroll in...

More Singapore-listed firms keep Malaysia operations shut amid extended lockdown

SINGAPORE (THE BUSINESS TIMES) - More Singapore-listed firms are keeping their Malaysia operations closed in order to comply with the extended lockdown period, which...

Asia’s debt-fueled boom threatened by corporate credit meltdown

SINGAPORE (BLOOMBERG) - As the coronavirus outbreak roils credit markets around the world, Asia is under particular threat. The region has led the world in...

The airlines most in danger of going under during the coronavirus crisis

HONG KONG (BLOOMBERG) - The global airline industry has never had it so bad. Not even after the 9/11 terrorist attacks. Airlines could lose a...

Vickers Venture raises $286m for new fund; one invested biotech working on vaccine for...

KUALA LUMPUR (REUTERS) - Singapore-based Vickers Venture Partners said on Friday (March 27)it has received commitments totalling US$200 million (S$286 million) so far for...

Asia stocks rise after US rally on bets of more stimulus: STI up 2.2%

TOKYO (REUTERS) - Asian stocks rose on Friday (March 27) as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus...

Singapore stock watch: SIA shares resume trading, SPH, SPH Reit, Mapletree Commercial Trust

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (March 27): Singapore Airlines (SIA):...

Dow wraps up strongest three days since 1931

NEW YORK (REUTERS) - The Dow Jones Industrial Average wrapped up its strongest three days in nine decades on Thursday (March 26) as record...

US weekly jobless claims surge to record 3.28 million as coronavirus spurs mass layoffs

WASHINGTON (REUTERS) - The number of Americans filing claims for unemployment benefits surged to a record of more than three million last week as strict...

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