LONDON/BEIRUT: Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems. The heavily indebted country faces hefty bond repayments coming up in March and April ......
U.S. stocks are headed higher, although a 10per cent correction is "long overdue", Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday.
The number of oil company bankruptcies rose 50per cent in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.
WASHINGTON: US home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued strong ......
Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.
Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.
Renault on Wednesday said that France's anti-corruption agency was carrying out checks at the firm, confirming a French media report, though a source at the carmaker said the inspection was a routine matter.
DAVOS, Switzerland: US President Donald Trump on Wednesday (Jan 22) threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. Trump has previously made threats to place duties on European automobile imports, with the intent of receiving ......
Semiconductor equipment maker ASML Holding NV on Wednesday forecast double digit growth in sales and profits for 2020, saying it did not expect any financial impact from being swept up in the trade war between the United States and China.
Boeing Co's bill for the 737 MAX grounding could balloon to more than US$25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
