Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight.
The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for companies like Uber Technologies Inc and Lyft Inc to classify workers as independent contractors rather than employees.
China on Wednesday moved to exempt 16 types of U.S. products from additional retaliatory tariffs, including whey and fish meal, which are fed to animals, and some lubricants, according to a statement from the Ministry of Finance.
A lower price tag and new features may not be enough for Apple Inc to win customers for its newly-launched iPhone 11 series in China, the world’s largest smartphone market that is already crowded with cheaper and feature-packed rival handsets.
Corporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut.
The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.
The China-U.S. trade war is souring the profit and investment outlook for U.S. companies operating in the world’s second-biggest economy, a survey by a prominent American business association showed.
Bond yields climbed and stock markets held steady on Wednesday, as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted traders to take profit before key central bank meetings.
Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
Discount brokerage company Charles Schwab Corp is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday.
International airlines are pinning their hopes on a change of government in Venezuela before some $4 billion owned to the firms by the state might be repaid, a top executive with the International Air Transport Association (IATA) said on Tuesday.
A group of U.S. senators asked President Donald Trump’s administration on Tuesday to assess U.S. export rules for Hong Kong, expressing concern China could acquire sensitive technologies because of the city’s special treatment under U.S. law.
Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group , with a stark choice: take a haircut or pony up even more cash.
Senior U.S. senators asked President Donald Trump’s administration on Tuesday to assess U.S. export controls with regard to Hong Kong, expressing concern China could acquire sensitive technologies because of the city’s special treatment under U.S. law.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
