Business & Finance News
The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea.
Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy.
Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes over the next two years, dashing investor hopes for a more dovish policy outlook.
Novartis said it appointed company veteran Susanne Schaffert to lead its oncology unit from Jan. 1, replacing Liz Barrett who is stepping down to return to the United States.
In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory.
Canada’s Bombardier Inc will deliver its first Global 7500 corporate jet on Thursday, premiering a full-sized bed and optional en-suite shower, in a challenge to U.S. planemaker Gulfstream at the top of the luxury jet market.
Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next two years, dashing investor hopes for a more dovish policy outlook.
A Tokyo court on Thursday unexpectedly decided not to extend the detention of Nissan Motor Co’s ousted chairman, Carlos Ghosn, meaning he may soon be released from jail where he has been confined since his arrest for alleged financial misconduct.
A Tokyo court said on Thursday it decided not to extend the detention of Nissan Motor Co Ltd’s ousted chairman, Carlos Ghosn, meaning he may soon be released from jail where he has been confined since his arrest for alleged financial misconduct.
Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , is battling “immense” cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees.
Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy.
Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year — especially as U.S. rate hikes slow — unless a new bout of currency weakness forces them to do so.
Noble Group , the once mighty commodity trader, on Thursday completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business.
Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook.
Nissan Motor Co CEO Hiroto Saikawa held a one-on-one meeting with the acting boss of automaker partner Renault in Amsterdam this week that led to “positive” and “productive” talks, the Japanese automaker said on Thursday.
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