WASHINGTON: U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services, pointing to muted inflation despite a recent uptick in consumer prices. Other data on Thursday showed the number of Americans filing for ...
Thailand's Bangkok Bank said Thursday it would buy a majority stake worth $2.7 billion in Standard Chartered's Indonesian lender Bank Permata, signalling the massive potential of Southeast Asia's most populous country.
LONDON: Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulphur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low ...
LEUVEN, Belgium: Anheuser-Busch InBev's US$11 billion asset sale to Japan's Asahi could hurt competition in Australia's cider sector and may also do the same for beer, the country's competition regulator warned on Thursday (Dec 12). AB InBev's planned sale of Carlton & United Breweries (CUB) is ...
The number of Americans filing applications for unemployment benefits jumped to more than a two-year high last week, but that probably does not signal a pickup in layoffs as the claims data tends to be volatile in the period following the Thanksgiving Day holiday.
SAN FRANCISCO: A prominent group of researchers alarmed by the harmful social effects of artificial intelligence called Thursday for a ban on automated analysis of facial expressions in hiring and other major decisions. The AI Now Institute at New York University said action against such software ...
Nokia, German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their technology licensing dispute, the Finnish telecoms equipment maker said on Thursday.
FRANKFURT: The European Central Bank left key monetary policy settings unchanged Thursday (Dec 12), placing the spotlight on new president Christine Lagarde to offer clues about its future direction and plans for a major reassessment of ECB tools and goals. The 25-strong governing council left the ...
Samsung Electronics will increase investment at its chip factory in China by US$8 billion to boost production of NAND flash memory chips, Chinese media reported on Tuesday.
BEIJING: China will keep its economic policies steady while making them more effective in 2020 to help achieve its annual growth target, the Xinhua news agency said on Thursday (Dec 12), after a meeting of top leaders ended, amid a bruising trade war with the United States. Citing a...
