International Monetary Fund Managing Director Kristalina Georgieva on Tuesday nominated former IMF official Antoinette Sayeh to become the organization's No. 2 official, passing over a U.S. Treasury official who had been viewed as a top candidate.
U.S. Trade Representative Robert Lighthizer will meet with Britain's trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear up for post-Brexit trade talks that could prove contentious.
California power producer PG&E Corp said on Tuesday it plans to raise up to US$25.68 billion by selling securities, as it works its way out of the bankruptcy process.
Wall Street's main semiconductor benchmark tumbled into correction territory on Tuesday in its deepest four-day rout since the financial crisis, as the coronavirus spread further around the world and deepened fears about the global economy.
The world economy was weak when COVID-19 struck, and will lead to demand shortfalls and disruptions to supply, says Stephen S Roach.
Exposure to ASEAN, China and India will give Singaporeans an edge in a world of disruption and the comparative advantage in those markets with a rising middle class, says Jonathan Chang
ZURICH: Swiss food giant Nestle, owner of KitKat and Nespresso, on Tuesday (Feb 25) said it was postponing all business trips until Mar 15 at the earliest because of the new coronavirus epidemic. "We have asked all of our employees worldwide not to travel for business purposes until March 15 2020...
Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people.
A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc's marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation's youth vaping epidemic.
The Federal Reserve is "closely monitoring" the escalating coronavirus outbreak but it is still too soon to gauge if it would require a change in monetary policy, Fed Vice Chair Richard Clarida said on Tuesday as the central bank continues to patiently monitor the impact of the epidemic on...
