business

U.S. weekly jobless claims drop sharply; second-quarter GDP growth unrevised at 6.4 pct

The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with…

5 years ago

EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources

China's banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people…

5 years ago

Analysis: If not now, when? COVID-19 spurs global push to tackle wealth gap

Governments worldwide, facing strong evidence that fallout from COVID-19 has widened wealth gaps as well as wrecking economies, have expanded…

5 years ago

Asian shares step back from 2-wk highs, dollar firm

Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer…

5 years ago

HSBC exits loss-making U.S. retail banking as part of Asia pivot

HSBC (HSBA.L) announced it is withdrawing from U.S. mass market retail banking by selling some parts of the money-losing business…

5 years ago

U.S. trade chief Tai says U.S. faces ‘very large challenges’ on China

U.S. Trade Representative Katherine Tai said on Wednesday that the United States still faces "very large challenges" in its trade…

5 years ago

EXCLUSIVE KPMG managers back liquidation of Singapore firms in $1 bln nickel scandal

Singapore firms accused of being involved in a $1.1-billion bogus nickel trading scheme should be placed in liquidation as there…

5 years ago

EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest…

5 years ago

Cryptos turn choppy as bounce momentum ebbs

Cryptocurrencies slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class…

5 years ago

Analysis: Early or late cycle? Fast-running bull market unnerves investors

Will history's longest-ever bull market be followed by one of the shortest?

5 years ago