Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said in a statement late on Wednesday.
Britain proposed weakening the market grip of "Big Four" auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion.
The US economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday (Mar 17), and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
Asian stocks were set for modest gains on Thursday after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases.
The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank's top official.
Recovery in individual countries will remain weak and incomplete as long as the domestic spread of the virus is not under control, says an economist.
Marketing spend has already eaten into the group’s operating profit, so it doesn’t make sense to look at new ventures now, says David Kuo.
THE rising number of family offices in Singapore may well drive issuances of special-purpose acquisition companies (SPACs) in Singapore.
Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. bond yields spiked ahead of the Federal Reserve's policy statement which could provide hints on whether the central bank would raise interest rates sooner than expected.
