Business & Finance News
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world’s biggest watch maker from supplying watch mechanisms to other companies during 2020.
The dollar took in stride the impeachment of U.S. President Donald Trump on Thursday while its Australian counterpart rallied after a surprise fall in the country’s unemployment rate.
Asian shares edged higher on Thursday amid growing confidence in the global outlook following improving economic indicators and a preliminary trade deal between the United States and China.
The New Zealand dollar bounced from a one-week low on Thursday after the country’s third quarter economic growth came in stronger than expected while greenback traders awaited a vote to impeach U.S. President Donald Trump.
All 29 McDonald’s Peru locations will remain closed until its local operator Arcos Dorados Holdings Inc completes inspections following the deaths of two teenaged employees at the weekend, the franchisor said in a statement on Wednesday.
The S&P 500 ended a five-day winning streak on Wednesday as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares, but the benchmark index managed to hover near all-time highs.
Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him on June 10 to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile and Sprint .
A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
U.S. homesharing site Airbnb will get a better idea of how it should be labeled when Europe’s top court rules on Thursday on the tricky question of whether it is an online booking service or a real estate agent subject to onerous rules.
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares slipped.
The S&P 500 was little changed on Wednesday, hovering around all-time highs, as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares.
The U.S. Securities and Exchange Commission (SEC) said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.
Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him in May to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile and Sprint .
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