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Australia coronavirus cases stable, cruise ships sent home
MELBOURNE (Reuters) - Australia reported a sustained fall in new coronavirus infections and conducted the biggest peacetime maritime operation on Sydney Harbour on Saturday, refuelling foreign cruise ships before expelling them from local waters.
How dividend stocks behave during a recession
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
AirAsia’s burden adds on with asset-light strategy
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
Olympics - AOC boss Coates takes pay cut due to coronavirus
MELBOURNE (Reuters) - Australian Olympic Committee (AOC) President John Coates said on Friday he has taken a 20% cut to his "consulting fees" due to the coronavirus crisis.
Plan to freeze bankers’ bonuses gets support
LONDON: One of Europe’s largest independent shareholder advisers is backing the Bank of England’s call for restraints on bankers’ pay while the coronavirus roils the economy.
Asian stocks slip as virus fears deepen ahead of US jobs data(Update)
SINGAPORE: Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy ahead of another likely record week of jobless claims.
Wall Street dives 4% as virus pandemic fears intensify
New York: Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.
Singapore banks offer to defer mortgage, SME loan payments
SINGAPORE: Singapore’s central bank said lenders will offer additional relief for consumers and companies battered by the sharp economic slowdown, including a freeze on mortgage and business loan payments and cuts to credit card rates.
Oil majors slash 2020 spending by 20% after prices slump
LONDON: The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia.
Asian stocks suffer sell-off as virus uncertainty casts shadow
HONG KONG (AFP) - Asian and European markets mostly dropped Wednesday (April 1) after suffering a diabolical first quarter, with traders contemplating the prospect of lengthy lockdowns as the coronavirus continues its deadly sweep across the planet.