China’s state-owned Everbright Securities agreed to pay 2.64 billion yuan ($361 million) to settle lawsuits in connection with its failed 2016 investment in a now...
Citigroup to cut hundreds of jobs in UK amid global restructuring
Citigroup, one of the largest US banks, has warned its UK staff of possible redundancies as it moves ahead with a major overhaul of its...
Asian stocks slide as central banks tighten policy, yen nears 150 level
Asian stocks fell on Monday, dragged by China, after central banks last week reinforced the message that interest rates would stay higher for longer, while...
Stock markets mixed as traders eye high interest rates for longer
Global stock markets showed mixed reactions on Friday as investors weighed the implications of central bank signals that interest rates will remain high to combat...
Delta Corp faces Rs 16,800 crore GST demand; company to challenge it in court
Delta Corp, India’s largest gaming and casino operator, has received tax notices totalling Rs 16,822 crore from the Directorate General of GST Intelligence (DGGI) on...
Evergrande Faces Liquidation Risk After Scrapping Creditor Meetings
China Evergrande Group, the troubled property developer that defaulted on its offshore debt in late 2021, has scrapped key creditor meetings that were scheduled for...
Ford Motor Company and Canadian Auto Workers Union Unifor Reach Agreement to Boost Wages and Investments
After months of negotiations, Ford Motor Company and the Canadian Auto Workers Union Unifor have reached a tentative agreement that will increase wages, pensions, and...
Indonesia’s EV industry attracts global investors and boosts ASEAN’s automotive sector
Indonesia, the largest economy in Southeast Asia, has been making strides in developing its electric vehicle (EV) industry. The country’s rich natural resources, supportive policies...
Vietnam to restart its biggest rare-earths mine to challenge China’s dominance
Vietnam is planning to revive its largest rare-earths mine next year with a project backed by Western investors, according to two companies involved in the...
Yen slides to 10-month low amid intervention fears
The Japanese yen fell to its lowest level against the US dollar in more than 10 months on Monday, sparking concerns that the Bank of...
Brexit trade rules could hit electric car industry hard, warns ACEA
The European Automobile Manufacturers Association (ACEA) has warned that the new Brexit trade rules covering electric vehicles could cost European carmakers billions of pounds and...
Russian fuel export ban leaves tanker market in limbo, says Poten
Russia, one of the world’s largest exporters of diesel, has announced a temporary ban on fuel exports to curb the rising domestic prices. The move...
Missouri’s special bond with Israel leads to new business opportunities
Missouri, the state that was the first to recognize Israel in 1948, is now looking to strengthen its economic ties with the Jewish state. The...
UK economy faces recession as private sector sheds jobs amid rising costs
The UK’s private sector has suffered a sharp decline in activity in September, raising the risk of a recession as firms cut jobs and face...
Silver Could Soar Higher As It Breaks Out Of Multi-Year Base
Silver, the precious metal often overshadowed by gold, has been building a massive base against several major currencies for the past three years. A breakout...
US venture firm GGV Capital to split its business amid China tensions
GGV Capital, a U.S. venture capital firm that has backed companies such as Airbnb, ByteDance and Alibaba, announced on Thursday that it plans to separate...