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European shares rise ahead of Fed; UK's FTSE 100 outperforms
European shares rise ahead of Fed; UK's FTSE 100 outperforms
By Bansari Mayur Kamdar European shares rose on Wednesday ahead of the U.S. Federal Reserve's policy decision, with
2023-09-20 16:52
Flexport to cut 20% of staff one month after CEO shakeup
Flexport to cut 20% of staff one month after CEO shakeup
Supply chain management company Flexport said it plans to lay off 20% of its workforce on Friday, just one month after a messy CEO transition that played out, in part, on social media.
2023-10-13 08:18
Qantas posts record annual earnings on resilient travel demand
Qantas posts record annual earnings on resilient travel demand
Australia's Qantas Airways Ltd posted a significant turnaround in its profit on Thursday, underpinned by a continued strong
2023-08-24 06:46
No Czech rate hike this year, but outlook for cuts shifts to Q4: Reuters poll
No Czech rate hike this year, but outlook for cuts shifts to Q4: Reuters poll
By Jason Hovet PRAGUE The Czech National Bank is likely to opt against hiking interest rates further but
2023-06-16 21:19
Oaktree Names O’Leary, Panossian as Co-CEOs, Wintrob to Leave
Oaktree Names O’Leary, Panossian as Co-CEOs, Wintrob to Leave
Oaktree Capital Management will name Robert O’Leary and Armen Panossian as co-CEOs, according to a person familiar with
2023-06-28 09:55
Exclusive-CICC Capital bans consulting firm Capvision after China crackdown-sources
Exclusive-CICC Capital bans consulting firm Capvision after China crackdown-sources
By Julie Zhu HONG KONG CICC Capital, a unit of Chinese investment bank CICC, has decided to stop
2023-05-10 11:00
Inflation to dog world economy next year, postponing rate cut calls - Reuters poll
Inflation to dog world economy next year, postponing rate cut calls - Reuters poll
By Hari Kishan BENGALURU High inflation will dog the world economy next year, with three-quarters of over 200
2023-10-27 18:55
US Supreme Court spurns copyright fight over concert recordings
US Supreme Court spurns copyright fight over concert recordings
By Blake Brittain WASHINGTON The U.S. Supreme Court on Monday declined to hear a bid by Sony Music,
2023-10-02 23:26
Middle-income Americans think prosperity is within reach
Middle-income Americans think prosperity is within reach
It's a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that's been exacerbated by the Federal Reserve's continued efforts to raise interest rates.
2023-07-31 19:52
U.S. manufacturing slumps further in May; employment picks up -ISM
U.S. manufacturing slumps further in May; employment picks up -ISM
WASHINGTON U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid
2023-06-01 22:22
China's property sector crisis fuels fears of contagion
China's property sector crisis fuels fears of contagion
Troubled Chinese property giant Country Garden risks defaulting on its bond payments next month, which could have disastrous consequences for...
2023-08-17 17:57
UBS Wealth Boss Khan Pushes ‘Net New Money’ Mantra in Asia Tour
UBS Wealth Boss Khan Pushes ‘Net New Money’ Mantra in Asia Tour
UBS Group AG’s global wealth chief Iqbal Khan is back in Asia — this time to rally his
2023-07-07 10:55