UBS to pay $1.4 bn to settle US fraud charges on subprime loans
UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial...
2023-08-15 08:17
Japan’s Economy Expands More Than Expected on Export Gains
Japan’s economy expanded at a much faster clip than forecast, propelled by robust exports in a sign that
2023-08-15 08:16
Japan's Q2 GDP grows much faster than expected, helped by exports
By Tetsushi Kajimoto and Kantaro Komiya TOKYO Japan's economy expanded for a third straight quarter in April-June, as
2023-08-15 08:15
Hollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End Strike
Hollywood studios have made a new offer to striking screenwriters that includes concessions on issues such as the
2023-08-15 07:57
Yellen Says China’s Slowdown Is ‘Risk Factor’ for US Economy
Treasury Secretary Janet Yellen called China’s economic woes a “risk factor” for the US, but one that doesn’t
2023-08-15 07:48
Asian Stocks Look Mixed After US Tech Shares Gain: Markets Wrap
Asian shares were poised for a mixed opening, with the region’s focus turning to China’s growing signs of
2023-08-15 07:29
Tiger Cubs Pared Tech Stakes as Other Asset Managers Dove In
Tiger Global Management, Maverick Capital and other so-called Tiger Cubs trimmed their holdings in technology stocks during the
2023-08-15 07:26
Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerate’s holdings as of the end of June
2023-08-15 07:25
Beijing Tries to Regulate China’s AI Sector Without Crushing It
Beijing is poised to implement sweeping new regulations for artificial intelligence services this week, trying to balance state
2023-08-15 07:23
Ex-GIC Managers Raise $567 Million for Asia Private Equity Deals
A Singapore-based private equity firm started by two former investors from sovereign wealth fund GIC Pte has raised
2023-08-15 07:22
TSMC Growth Abroad Is Welcome, Taiwan Presidential Hopeful Says
The frontrunner in the race to be Taiwan’s next president says he won’t stop the world’s leading chipmaker
2023-08-15 07:19
Mercedes Targets Luxury Buyers in Malaysian All-Electric Push
Luxury carmaker Mercedes-Benz Group AG is targeting Malaysia as one of the markets where it will have an
2023-08-15 07:15