Markets

WASHINGTON: The US economy in 2019 expanded by the slowest rate since President Donald Trump took office as worsening trade friction undermined investment and exports, according to new government data released on Thursday (Jan 30). The US$21 trillion economy grew by 2.3 per cent compared to 2018 ...

Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager Sofia SGR, two sources with direct knowledge of the matter said.

Apple Inc said on Thursday it has rolled out a redesigned version of its Maps for users in the United States, offering features including indoor maps of airports and malls.

MEXICO CITY: Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly-signed USMCA trade pact. In response to a letter earlier...

The number of Americans filing for unemployment benefits fell last week, pointing to continued labor market strength, though applications for the prior week were much higher than initially estimated.

HOUSTON: China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply. China pledged this...

PHANG NGA, Thailand: Thai tourist boat company "Love Andaman" is facing a bleak February after China banned all outbound group tours this week to try to contain the coronavirus outbreak. China is Thailand's biggest source of foreign tourists, accounting for 28 percent of the 39.8 million visitors ...

Southwest Airlines on Thursday disputed the findings of a draft U.S. government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on used jets whose documentation made it impossible for regulators to determine if required maintenance had been ...

Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.

Directors of Tesla Inc settled a shareholder lawsuit over its 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid US$2.6 billion for a worthless solar system installer, according to court documents.