LONDON: Five-month highs and frequent falls versus the dollar and euro - the British pound is at its most volatile in a year, dragged in different directions by Brexit twists and turns. Thursday was just the latest chapter in sterling's rollercoaster ride, when it soared to US$1.2990 on news of a...
Malaysia held talks with Goldman Sachs about dropping charges against three units of the Wall Street bank that prosecutors brought over the multi-billion-dollar 1MDB scandal, a report said Thursday.
Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in overnight lending markets, three industry sources told Reuters.
Facebook's plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such "stablecoins" should not be allowed to launch until the profound international risks they pose are addressed.
BOGOTA: China's APCA Transmimetro has won a US$4 billion contract to build an elevated metro line in Bogota, Colombia's President Ivan Duque announced on Thursday (Oct 17). APCA Transmimetro, which includes China Harbour Engineering and Xi'An Metro as well as Spanish and Brazilian subcontractors ...
It’s high time we ask how the IMF’s mandate for dealing with emerging-market debt crises should be refocused, says Kenneth Rogoff.
Greater urbanisation, changing consumer preferences of a millennial generation and the emergence of a subscription economy is making car ownership less attractive, says NUS Business School's Nitin Pangarkar.
The former chief business officer of U.S. biotechnology company Osiris Therapeutics Inc has agreed to pay a US$40,000 civil penalty for lying to auditors, the Securities and Exchange Commission said on Thursday.
Saudi Aramco has delayed the planned launch of its initial public offering, the Financial Times reported on Thursday, citing three people familiar with the matter.
Fast-food chicken chain Chick-fil-A is turning the tables on in-house dining, unveiling a new sit-down table service through its app that means customers will not have to wait at the counter to order.
