World Economic Magazine

Asian shares up but set for weekly loss after hawkish Fed

Asian shares inched higher on Friday but were set for a weekly loss, while the U.S. dollar hovered near two-month…

5 years ago

COVID deals new blow to foreign carmakers’ Indian dream

Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections…

5 years ago

Yellen tells Mexican counterpart G20 countries should back global minimum tax

U.S. Treasury Secretary Janet Yellen met with Mexican finance minister Arturo Herrera on Thursday, stressing the importance of securing support…

5 years ago

U.S. labor market healing despite unexpected rise in weekly jobless claims

The number of Americans filing new claims for unemployment benefits increased last week for the first time in 1-1/2 months,…

5 years ago

EXCLUSIVE Chinese apps could face subpoenas or bans under Biden order -sources

President Joe Biden’s executive order aimed at safeguarding Americans’ sensitive data would force some Chinese apps to take tougher measures…

5 years ago

Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P

Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher,…

5 years ago

Oil falls amid dollar strength; demand picture still bullish

Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest…

5 years ago

Bristol-Myers, Eisai in up to $3.1 bln deal to develop cancer drug candidate

Bristol-Myers Squibb Co (BMY.N) and Eisai Co said on Thursday they had entered into an agreement worth up to $3.10…

5 years ago

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear

The U.S. Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in U.S.…

5 years ago

Analysis: Biden may hinder oil and gas drilling even after court loss

U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry…

5 years ago