October 31, 2019

Asian stocks rally after Fed rate cut, BOJ keeps policy steady

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 […]
October 31, 2019

In record deal, U.S. to recover $1 billion from Malaysian fugitive Jho Low

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 […]
October 31, 2019

Oil prices rise as investors put hopes on China stimulus

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 […]
October 31, 2019

Toshiba sues former employee of U.S. unit, citing fraud

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 […]
October 30, 2019

Facebook beats on profit as cost growth slows; shares rise

Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number of […]
October 30, 2019

U.S. Fed cuts interest rates, signals it is on hold

The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of […]
October 30, 2019

The Federal Reserve is waiting for a U.S.-China ‘Phase One’ trade deal too

U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve’s decision to cut rates, chair Jerome […]
October 30, 2019

Consumers support U.S. economy as business spending slumps

U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying […]
October 30, 2019

MetLife profit falls short on U.S., Latam weakness

U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and […]
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