Business & Finance News
Asian shares jumped on Thursday to a three-month high and the dollar fell broadly after the Federal Reserve cut interest rates as expected and U.S. Treasury yields declined.
The U.S. Justice Department on Wednesday struck a deal to recoup $1 billion in funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low, in a record capture for a U.S. anti-corruption probe.
South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth $1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market.
The U.S. Justice Department on Wednesday reached its biggest civil forfeiture deal in agreeing to recover almost $1 billion in funds Malaysian financier Jho Low and his family had allegedly misappropriated from Malaysian state fund 1MDB.
Costa Rica’s government said on Wednesday it defers to Chile, the United Nations Framework Convention on Climate Change and member states on how to proceed with the United Nations global climate change summit, COP25.
The United Nations is seeking a new host for this year’s round of climate talks in December after Chile withdrew as raging street protests grip the South American country.
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks.
Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate.
The head of Hong Kong’s central bank called on the public to manage financial risks prudently on Thursday, as the local economy faces its first recession in a decade.
Factory activity in China shrank for the sixth straight month in October and by more than expected, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.
Fugitive financier Jho Low is ready to address issues related to the 1MDB scandal in Malaysia or elsewhere, a spokesman from the Wells Haslem Mayhew Strategic Public Affairs agency who handles press matters on behalf of Low said on Thursday.
Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn.
Hard-drive maker Western Digital Corp said on Wednesday its second-quarter profit would come in sharply below analysts’ expectations and that its chief executive officer would retire soon, sending its shares down 10%.
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities (RMBS) as the Trump administration seeks to overhaul the U.S. housing finance market.
Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors about $3 billion.
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