WASHINGTON: Despite a history of many IMF rescue programmes, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy. The International Monetary Fund, which last ...
T. Boone Pickens, a celebrated corporate raider and energy industry magnate who made an empire out of an initial US$2,500 investment, died on Wednesday at age 91, his spokesman said.
LONDON: The Hong Kong Stock Exchange has bid almost £32 billion for its London rival in a shock move on Wednesday (Sep 11) to bring together two of the world's largest financial hubs in Asia and Europe. The blockbuster proposal including debt, worth US$40 billion or €36 billion, is dependent...
General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and that has been linked to 113 accidents and 13 injuries.
OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the ...
Apple Inc's move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc .
CAIRO: Egypt's communications ministry will begin work on a 40 billion Egyptian pound (US$2.44 billion) telecommunications network in the first phase of a new capital city being built east of Cairo, a cabinet statement said on Wednesday. The communications ministry signed a cooperation agreement ...
U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks' earnings in the process.
SINGAPORE: Firms in the service industry will get a leg up to further drive transformation and become manpower-lean with the new Service Industry Transformation Programme (SITP) launched on Wednesday (Sep 11) by Manpower Minister Josephine Teo. Co-developed by the Singapore Productivity Centre ...
