Markets

When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import "taxes" of up to 25 per cent when the goods hit US shores.

Hewlett Packard Enterprise Co missed Wall Street estimates for quarterly revenue on Monday, hit by lower demand for its servers and storage products, sending its shares down about 4per cent in trading after the bell.

Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the US$2 billion valuation it attained in May, according to people familiar with the matter.

In the gig economy, you are subject to the whims of fluctuating demand and a star system that rates every interaction, say three experts.

Financial markets have become giddy. US and other equities are trending toward new highs, and there is even talk of a potential “melt-up” in equity values, says NYU's Nouriel Roubini.

THE World Bank Group's International Bank for Reconstruction and Development (IBRD) has issued two tranches of catastrophe-linked bonds totalling US$225 million.

PAYMENTS platform provider 2C2P has raised US$52 million in new funding from investors including IFC, Cento Ventures and Arbor Ventures, it said in a media statement on Monday.

NEW YORK: Wall Street stocks jumped to records on Monday (Nov 25) as revived hopes for US-China trade progress added to investor confidence following major corporate merger announcements. The Dow Jones Industrial Average gained 190.85 points (0.68 per cent) to 28,066.47, up about 30 points above ...

Westpac Banking Corp on Tuesday said chief executive Brian Hartzer has resigned, as Australia's second-biggest bank faces the country's biggest money laundering scandal.

Westpac Banking Corp on Tuesday said chief executive Brian Hartzer has resigned, as Australia's second-biggest bank faces the country's biggest money laundering scandal.