Markets

NEW YORK: Wall Street stocks finished lower on Tuesday (Oct 22), with tech companies especially weak, following mixed corporate earnings that boosted Procter & Gamble and pummelled McDonald's. After a mostly positive set of results in the initial earnings period, Tuesday's spate of releases had ...

WELLINGTON: Air New Zealand Ltd said on Wednesday (Oct 23) it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America. The country's flag carrier also said it will stop the lower-performing...

Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than US$10 billion, including debt, according to people familiar with the matter.

Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year.

Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the "ideal messenger" for its Libra cryptocurrency project, given ongoing criticism of the company.

Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros (US$56 million), the Italian American auto maker said on Tuesday.

U.S. Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead Washington's delegation to an annual financial conference in Saudi Arabia, government sources said on Tuesday.

U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday.

Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes.

DUBAI: With a year to go until the Expo 2020 trade fair, the mammoth venue in Dubai's desert is currently a tangle of steel, concrete and dust. But the emirate, hit hard by a downturn, hopes the event will deliver an economic shot in the arm when it launches...