Business News

EU tells banks to be flexible over loan losses rule in epidemic

Banks said they face mounting provisions, which could eat into their capital, as businesses and households struggle repaying loans due to economic disruption caused by the virus

Mar 25, 2020

By Reuters

Coronavirus

UK inflation falls off six-month high as fuel prices drop

Retail price inflation, an older, less accurate measure still used for inflation-linked government bonds and also some commercial contracts, fell to 2.5% from 2.7% in January

Mar 25, 2020

By Reuters

Coronavirus

China urging consumers to splurge as the economy starts path to normality after COVID-19 crisis

The coronavirus outbreak in China has created a havoc in the East Asian country causing major damages to the economy

Mar 25, 2020

By IBTimes SG Desk

Coronavirus

Dow closes up 2,112 points as Wall Street records best day since 1933 on hopes of major stimulus

Investors' sentiments got a boost on Tuesday on hopes of a $2 trillion stimulus package to help the economy survive the coronavirus onslaught

Mar 25, 2020

By R. Ghosh

Coronavirus

Amazon prioritizes essential goods; Coca Cola, Pepsi suspend production as India goes under lockdown

Businesses have come to a halt in India as nearly every Indian state has imposed a lockdown to prevent the spread of COVID-19

Mar 25, 2020

By R. Ghosh

Coronavirus Amazon prime

G20 leaders to discuss about Coronavirus outbreak on Thursday: Report

The coronavirus outbreak has created a major stir worldwide as morew than 150 countries have faced the brunt of the deadly virus

Mar 24, 2020

By IBTimes SG Desk

Coronavirus

Xiaomi planning a 8 billion panda bond issue for fight against Coronavirus: Report

The coronavirus outbreak has created a major stir around the world as the virus has infected over 380,000 people worldwide

Mar 24, 2020

By IBTimes SG Desk

Coronavirus

November Supermoon: Striking visuals of the closest full moon until 2034

Airlines, contractors may get $40 billion cash grants from House of Democrats amid COVID-19 crisis

The coronavirus outbreak has claimed the lives of more than 14,000 people around the world and infected over 150 countries

Mar 24, 2020

By IBTimes APAC Desk

Coronavirus

COVID-19 estimates point toward a recession while US Senate fails to move the stimulus package

Many expert estimates and comments point the US toward a recession while the senate did not failed the stimulus package.

Mar 24, 2020

By Vinay B.S.

Coronavirus

Demand for laptops, chips surge as world follows work-from-home model

The shift in work culture might end up benefiting retailers of electronic devices, especially office components that support working from remote locations

Mar 24, 2020

By R. Ghosh

Coronavirus Samsung

walmart to sell chinese e commerce business to JD.com

Walmart follows rivals; hikes minimum wages as online demand sees robust growth due to coronavirus

The retailer said that it has increased the minimum entry wage of its workers at its warehouses by $2, following similar moves by rivals

Mar 23, 2020

By R. Ghosh

Amazon prime Coronavirus

What is a Black Swan event? US stocks to fall further before they hit the bottom?

Global corporate revenue are expected to take $12 trillion hit; Goldman Sachs warns that global real GDP will shrink by about 1 percent in 2020 from the coronavirus impact.

Mar 23, 2020

By Jacob J

Coronavirus

SoftBank plans $41 billion of asset sales to expand buyback and cut debt

SoftBank's share price has been hammered by investor scepticism over the outlook for Son's bets on start-ups

Mar 23, 2020

By Reuters

SoftBank shares soar after plan to raise $41 billion to expand share buyback unveiled

The buyback tops the $20 billion in purchases sought by activist hedge fund Elliott Management, which has put pressure on SoftBank to improve shareholder returns

Mar 23, 2020

By Reuters

Millions of flowers dumped as floral demand takes a hit due to Coronavirus outbreak

Netherlands witnessed flower growers destroying millions of flowers a day as the pandemic cut the floral demand, this has its impact globally

Mar 22, 2020

By Vinay B.S.

Coronavirus

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