Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers.
WASHINTON: Chinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the United States government after a federal judge on Friday (Mar 12) suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi. Lawyers familiar with ...
Pfizer Inc has decided to stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S. drugmaker said on Wednesday.
Asian stocks were set to open mostly lower on Wednesday following a sell-off in U.S. stocks, as investors awaited the Federal Reserve's meeting and whether the central bank will maintain near-zero interest rates amid the economy's post-pandemic recovery.
Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices.
Airlines with planes idled by the pandemic are cutting costs by delaying some maintenance tasks like changing life vests, testing oxygen bottles and checking emergency exits under COVID-19 waivers from airplane manufacturers and regulators.
Japan is temporarily raising tariffs on U.S. beef imports as volumes have exceeded levels agreed to between the two nations for the fiscal year ending on March 31, Japan's agriculture ministry said on Wednesday.
SINGAPORE: Singapore's non-oil domestic exports (NODX) grew at a slower pace of 4.2 per cent in February from a year ago, after hitting a seven-month high of more than 12 per cent in January. Growth was headlined by non-electronic NODX, which rose by 3.3 per cent last month, according to official ......
The U.S. Transportation Department (USDOT) warned it could limit flights by carriers based in Hong Kong after the Asian financial hub imposed quarantine rules that have impacted U.S. cargo carrier FedEx Corp.
SINGAPORE: PatSnap, an intellectual property platform, has raised US$300 million in its latest funding round led by SoftBank Vision Fund 2 and Tencent Investment, joining a list of global technology unicorns. Existing investors Sequoia China, Shun Wei Capital and Vertex Ventures Southeast Asia ...
