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Business

China's Silk Road challenges US dominance in Asia

LONDON: "The Silk Road, no longer just a concept in history books, has evolved into a story of modern logistics and Sino-European cooperation," Yang Jiechi, China's top diplomat, told a conference this month.

Business

S&P, Dow hit record as health, transport stocks rally (update)

NEW YORK: The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares.

Business

Dow, S&P 500 set 5th session of record highs in light volume

NEW YORK: The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.

Business

China regulator says Qualcomm case to be settled soon

BEIJING: The Chinese government said it will soon settle its antitrust investigation of US mobile chipmaker Qualcomm Inc.

Business

Workers: the poor orphans of the US economic boom

WASHINGTON: It is one of the contradictions of the US economic boom: the unemployment rate has fallen to the lowest level in six years, but workers’ wages have remained almost flat.

Business

LG Chem mulls building second US plant

SEOUL: South Korean electric vehicle (EV) battery maker LG Chem is considering building a second US factory, three people familiar with the matter said, accelerating a race to add capacity to meet growing global demand for green vehicles.