Health stocks helped Wall Street edge higher on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
Rupert Murdoch's Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast , the U.S cable giant that outbid it in an auction to take control of the European pay-TV group on Saturday.
As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey.
With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker's top 300 executives near its headquarters in Michigan for a global leadership meeting.
Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metal tariffs cost the carmaker $1 billion.
Britain faces a permanent debate over whether to copy or diverge from European Union financial rules after Brexit, a top UK lawmaker said on Wednesday in comments likely to prolong uncertainty for banks.
Sales have more than doubled at Boohoo brands PrettyLittleThing and NastyGal after a resurgence of 90s trends.
The parent company of the online pollster priced its initial public offering above expectations. Expect Wall Street investors to want a piece.
The entrepreneur Patrick Soon-Shiong says his company’s tests of zinc-based storage for solar and wind energy show the potential for large-scale use.
Dieter Zetsche will be replaced by Ola Kaellenius, a Swede who runs Daimler's research division.
A Swedish company broke gender discrimination rules by using a popular meme in an advert.
Barclays has apologised for giving wrong information to tens of thousands of customers over PPI claims.
President Trump defended his administration’s trade wars on the most international of stages at the U.N. General Assembly, and his peers pushed back.
The regulator says it's had enough of operators who continue to charge people for phones they already own
Bad road conditions and extreme weather conditions in the UK are behind a 65% slump in profits for the AA.
President Trump was highly critical of Iran in a speech at the UN
Canada’s dairy protections have become a key sticking point in Nafta and a potential roadblock to a trilateral deal with the United States and Mexico.
Investors have priced in a fourth consecutive quarterly rate increase. All that’s left on Wednesday is the Federal Reserve’s official announcement.
Judges upheld the biometric identification system but rebuked the government for requiring the fingerprint ID for virtually everything in daily life.
Hoping that China’s Belt and Road Initiative will improve connectivity with its neighbor, Laos is preparing for a new wave of Chinese investment in its property sector.
China’s economic restructuring is picking up pace, with its manufacturing sector showing signs of a shift to higher value-added areas – a credit positive, according to analysts.
China has been cutting excess capacity in heavy industry in recent years to revive profitability in the sector and reduce high debt levels, while encouraging factories to shift to higher-value production such as robotics and aerospace under its “Made in China 2025” initiative.
Now is the right time for Beijing to make important economic reforms – including shutting state-owned “zombie enterprises” and cleaning up local government budgets – the International Monetary Fund’s chief China representative has said.
Alfred Schipke argued that the authorities were well-placed to act because the rebalancing of the economy was well on track and the government had adequate protections against external shocks.
In its annual check of China’s...
Beijing should stop touting “Made in China 2025” as a development strategy and instead present it as simply a guideline for upgrading its manufacturing sector if it wants to ease growing concerns about its global ambitions, a Chinese academic said.
Zhong Wei, a professor at Beijing Normal University, said the government should, in public at least, play down the significance of the scheme, which is seen in the United States and Europe as indisputable evidence of China’s aim to...
Beijing’s campaign to tackle the scourge of corporate debt will reduce China’s economic growth by more than one percentage point annually in the medium term, according to Fitch Ratings.
The global ratings agency said measures taken by the government to bring down borrowing levels will inevitably dent business investment and take annual GDP growth down to about 4.5 per cent, well below the official target of 6.5 per cent.
“China’s corporate debt challenges remain a key...
China voiced regret over the European Union’s decision to lodge an intellectual property rights complaint at the World Trade Organisation, just as Beijing is embroiled in a similar dispute with Washington.
The EU brought the challenge to the WTO on Friday, accusing Beijing of unfairly requiring foreign firms to hand over their technology to Chinese companies to do business in China.
US ignored Beijing’s gains in intellectual property protection, Chinese watchdog says
Shares of Chinese property firms climbed on Monday after the People’s Bank of China (PBOC) said it would broaden the range of collateral it accepts as part of its medium-term lending facility (MLF), making another slight tweak to its monetary policy.
Introduced to PBOC’s monetary policy toolkit in September 2014, MLFs are loans given by the central bank to commercial lenders in exchange for collateral. The loans come in three tenors: three, six and 12 months.
In addition to the use...
China’s annual economic growth rate could fall by one percentage point over the medium term if business investment is hit by a sharp slowdown in debt growth as the government cracks down on lending risks, Fitch Ratings said.
In a report published on Sunday, Fitch described the risks to growth that emerge from a scenario in which corporate debt growth slows significantly.
“It is hard to put a precise time frame on when China will start to see the deleveraging of the real...