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NEW YORK: Areas of the market shunned during the coronavirus crash are suddenly finding their mojo again.
SINGAPORE: All three of Singapore’s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fuelled economic slump.
TEXAS: Southwest Airlines Co raised about US$4bil by selling shares and convertible notes, stepping up a push to add liquidity as the coronavirus pandemic all but erases demand for flights.
Chinese e-commerce firm Pinduoduo Inc has referred a case of suspected bribery of one of its staff by a manager at digital advertising firm Cue Holdings to the Shanghai police.
SINGAPORE (Bloomberg): All three of Singapore's banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fueled economic slump.
With lockdown restrictions from the coronavirus pandemic decimating many US businesses and tens of millions filing for unemployment, it’s no surprise Americans are fretting about their job security. To ease this uncertainty, many technology companies have decided to institute a "no-layoff” policy for their employees during these tumultuous times. Not only is this good for workers – it’s smart business, too.
AMONG the key data this week, the US Bureau of Economic Analysis will release its advance estimate of the US gross domestic product (GDP) for the first three months of 2020 on Wednesday.
NEW YORK: United Airlines Holdings Inc raised US$1bil by selling new shares, stepping up efforts to increase capital to survive a collapse in travel demand.
BENGALURU (Reuters) - Facebook will spend US$5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's already extensive reach within the country.