Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.
The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars' worth of U.S. government purchases.
Companies are tightening their policies on office romances and sexual misconduct finally, says the Financial Times' Brooke Masters.
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2 per cent in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday.
<p>A NEW blockchain platform meant to tackle the perennial problems behind the trillion-dollar trade finance market has been developed in Singapore among partners including commodity trading giant Trafigura and DBS, with a US$20 million pilot trade to be transacted via it.</p>
Asian shares were little changed on Wednesday as investors awaited new developments toward scaling back a bruising trade war between the United States and China.
The United States and China are working to narrow their differences enough to sign a "phase one" trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15per cent in extended trading.
TikTok, a video app popular with teens, stressed its independence from China in a letter to US lawmakers but failed to convince Senator Josh Hawley, who chaired a hearing on Tuesday on the security of US citizens' personal data.
Australia's financial regulators may force Facebook to reveal details about its plans for a global cryptocurrency called Libra after the company failed to allay the watchdogs' concerns, The Australian newspaper reported on Wednesday.
