European Central Bank hikes rates to highest level since 2000
The European Central Bank raised interest rates by a quarter of a percentage point Thursday, judging that inflation remains too high even as data points to a deepening economic downturn in the 20 countries that use the euro.
2023-07-27 20:21
Zara founder Ortega's real estate fortune hit $20 billion in 2022
MADRID The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported
2023-07-27 15:26
Xi Protege’s Sudden Removal Adds to Rough Start for Third Term
The sudden ouster of Xi Jinping’s handpicked foreign minister is the latest example of how the Chinese president’s
2023-07-27 14:56
Emirates NBD Beats Estimates as Margins, Deposits Boost Profit
Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix
2023-07-27 13:55
South Korea export downturn seen worsening on weak China demand: Reuters poll
By Jihoon Lee SEOUL South Korea's export decline likely accelerated in July amid persistently weak demand from China,
2023-07-27 13:18
Oil Resumes Rally as Asian Equities Gain, US Inventories Decline
Oil advanced, tracking gains in wider Asian equity markets, after US crude inventories declined and the Federal Reserve
2023-07-27 11:28
Bank of Korea tweaks lending facility to boost liquidity
SEOUL South Korea's central bank said on Thursday its monetary policy board decided to reform its standing lending
2023-07-27 10:53
Meta stock climbs after company posts 11% revenue growth
Meta's "year of efficiency" seems to be paying off. The Facebook-parent company on Wednesday reported revenue of $32 billion for its quarter ending in June, marking an 11% increase compared to the same period last year and beating Wall Street expectations.
2023-07-27 07:55
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON Two thirds of property surveyors think Britain's commercial real estate market is in a
2023-07-27 07:22
Three takeaways from Fed Chair Powell following July hike decision
Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the economy's future performance. Here's what the latest one showed.
2023-07-27 05:57
Canada: Prime Minister holds major cabinet shakeup
In seeking a fourth term, Justin Trudeau has overhauled his team ahead of Canada's next election.
2023-07-27 03:28
Prosecutors want Sam Bankman-Fried sent to jail after witness-tampering allegations
US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
2023-07-27 02:46