Markets

U.S. stock index futures rose on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment.

Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race.

HONG KONG: Hong Kong has filed a formal objection with the United States over its demand for "Made in China" labels on goods exported from the Chinese semi-autonomous city, the commerce secretary said on Wednesday (Sep 16).  Washington's move last month followed China's imposition of a national ...

German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

Amazon.com Inc's main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds (US$8 million) in corporation tax in 2019 despite the group reporting over US$17.5 billion in sales in Britain, accounts published on Wednesday show.

Hitachi said Wednesday it is pulling out of a multi-billion-pound nuclear power plant project in Wales, citing a worsening investment environment, in a blow to Britain's low-carbon energy ambitions.

The European Commission will revise its antitrust rules to keep up with global changes and invest a fifth of its 750-billion-euro (US$890 billion) COVID-19 recovery fund in digital projects to ensure it takes the lead in technology, its head said on Wednesday.

TOKYO: Japan's new leader Yoshihide Suga will struggle to push through structural reforms as they would be too painful for an economy hit by the coronavirus crisis, an executive of PIMCO, one of the world's largest investment firms, said on Wednesday (Sep 16). Tomoya Masanao, head of the Pacific...

Bundesbank chief Jens Weidmann will meet German lawmakers in a closed-door session on Wednesday, as part of efforts to defuse a constitutional crisis that had threatened to upend monetary policy in the 19-nation euro zone.

Achieving net zero emissions by mid-century would cost an estimated US$1 trillion-US$2 trillion a year of additional investments, or 1-1.5per cent of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday.