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HANGZHOU, China/SHANGHAI: Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown.
WASHINGTON: U.S. President Donald Trump said on Friday raising tariffs on China is "certainly an option" as he considers ways to retaliate for the spread of the coronavirus out of Wuhan, China.
SINGAPORE: Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes US$3.85bil to 23 banks, two industry sources said yesterday.
SINGAPORE: Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes $3.85 billion to 23 banks, two industry sources said on Thursday.
HONG KONG: Asia's international dollar-based corporate bond market is expected to spring back to life following Malaysian oil giant Petronas's $6 billion debt deal - the biggest in the region since coronavirus hit - bankers and advisers say.
LONDON: The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a tenth, putting an end to the devastating price war that brought the energy industry to its knees.
NEW YORK: Oil prices fell 4% on Wednesday, sinking into the close of trading with renewed weakness in the stock market after the World Health Organization said the global coronavirus outbreak is now a pandemic, and as major oil producers announced plans to escalate the burgeoning price war.
SINGAPORE/HONG KONG: Indonesia's Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.