Business & Finance News
Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy.
Kansas City Federal Reserve Bank President Esther George on Sunday rejected the notion that the U.S. central bank should cut interest rates to try to boost low inflation, adding that doing so could create financial imbalances.
HSBC Holdings Plc is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.
HSBC Holdings Plc is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.
A pending U.S. lawsuit over claims related to Bayer’s glyphosate-based herbicide Roundup has been delayed, the company said on Sunday, with a new court date set for February, 2020.
A pending U.S. lawsuit over claims related to Bayer’s glyphosate-based herbicide Roundup has been delayed, the company said on Sunday.
Talks for a new four-year labor contract between General Motors Co and its striking workers cooled after the United Auto Workers rejected the largest U.S. automaker’s latest offer on Sunday.
The final contingent of holiday-makers stranded overseas after the collapse of tour company Thomas Cook last month will return to Britain on flights departing on Sunday, bringing to an end the country’s biggest ever peacetime repatriation.
Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans.
As the U.S. strike by the United Auto Workers union against General Motors Co nears three weeks, the main remaining issues in the negotiations have narrowed to wages and pensions, a person familiar with the talks said on Saturday.
Ambriola Co Inc’s mammoth warehouse in West Caldwell, New Jersey, is crammed full of boxes and wheels of harder cheeses such as Parmigiano Reggiano, Pecorino Romano and Grana Padano – and more is coming, lots more.
Spain’s acting prime minister Pedro Sanchez said on Saturday he would seek to defend the country’s agricultural sector in the face of “unacceptable” proposed U.S. tariffs on European agricultural goods.
The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.
U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its electric cars in May instead of issuing a software upgrade to fix a potential defect that could have resulted in battery fires.
Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading into earnings season about the possibility of an economic recession.
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