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By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG Cola Yao earns 40% less than last year promoting credit

Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800’s, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic roots and the roles they played in slavery in the U.S. In research conducted last year, Citi found that none of its predecessor companies directly purchased, sold, or held slaves

Ford Motor Co.’s is throttling back on plans to ramp-up electric vehicle production, pointing the finger at a

No Signboard Holdings Ltd.’s Chief Executive Officer Lim Yong Sim was charged with price rigging in Singapore, the

There are hundreds of breweries represented on the jerseys of the thousands of cyclists on RAGBRAI, the annual bike ride across Iowa

Almost a year after US President Joe Biden signed the Inflation Reduction Act into law, American consumers are

The maker of Oreo and Cadbury Dairy Milk chocolate is thanking an increased demand for sweets in the first half of the year for its positive forecast, Mondelez International said in its second quarter earnings call Thursday.

Surf Air Mobility Inc. began trading at $5 a share and fell 37% from there in the first

Chick-fil-A is testing out two new restaurant concepts — a four-lane drive thru with a kitchen above and a walk-up store for digital orders — as it becomes the latest chain to try to get customers to skip the dining room.

NEW YORK A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Could

CHICAGO American Airlines' pilots union on Thursday said it has reached an agreement in principle with the company

US bank regulators advanced proposals on Thursday aimed at safeguarding the nation's largest banks in the wake of three regional bank failures earlier this year. But it could make it harder and more expensive for consumers to get loans.