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Showing 1-10 of 2016
Trump overtakes Obama in stock market gains
NEW YORK: U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.
Branson turns to his Caribbean island for help
LONDON: Necker Island has been Sir Richard Branson’s personal fiefdom for 40 years. But as his Virgin-branded businesses are battered by the coronavirus crisis, the billionaire is turning to his Caribbean hideaway for cash.
Morgan Stanley in biggest acquisition by Wall St, bank in 12 years
NEW YORK: Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
US, China agree to semi-annual talks aimed at reforms
Bengaluru: The United States and China have agreed to restart semi-annual talks aimed at resolving economic disputes between the two countries, a process abandoned at the start of the Trump administration as a trade conflict between the countries escalated.
China’s industrial policies work. So copy them
CHINA hawks are chastising President Donald Trump’s “phase one” trade deal because it focuses on increasing US exports while ignoring Beijing’s subsidies for favoured industries. Instead of seeking to coerce China into abandoning policies that both sides agree benefit its economy, the US should seek to emulate them.
Oil prices fall 1% as global demand concerns grow
NEW YORK: Oil prices fell nearly 1% on Monday after comments from a U.S. official fed concerns surrounding the U.S.-China trade war, adding to worries that a slowing global economy would reduce demand for oil.
Tokyo is experiencing a luxury hotel boom ahead of 2020 Olympics
Four Seasons, Marriott luxury Edition brand set to open by next summer; historic Okura gets an expensive makeover
What the Fed interest rate cut means for your wallet
NEW YORK/WASHINGTON: The U.S. Federal Reserve's decision on Wednesday to lower interest rates may do little to cut some of the costs that matter to many consumers.
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.