Markets

U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows.

Mario Draghi hands over power at the European Central Bank to Christine Lagarde amid fierce debate over the ultra-loose money policies he spearheaded to aid a eurozone recovery from the financial crisis.

LONDON: The pound slipped on Tuesday (Oct 22) awaiting key votes on Prime Minister Boris Johnson's EU withdrawal bill, but analysts said its downside was capped by broad optimism that a no-deal Brexit will be avoided. Global stock markets meanwhile rose on growing expectations that China and the ...

WASHINGTON: US home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes. The National Association of Realtors said on Tuesday (Oct 22) that existing home sales fell 2.2 per cent to a seasonally-adjusted ...

REUTERS: SoftBank Group Corp agreed to spend more than US$10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday. The deal represents a stunning reversal of fortune ...

A U.S. prosecutor on Tuesday called Turkey's Halkbank a "fugitive" after it failed to make an initial court appearance in a criminal case accusing it of conspiring to violate U.S. sanctions against Iran.

Boeing Co is making progress toward getting its 737 MAX aircraft in the air again but the Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.

U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes.

Boeing Co is making progress toward getting its 737 MAX aircraft in the air again but the Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.

The British government has removed its advisory against flying to Egypt's Sharm el-Sheikh resort, the British embassy in Cairo said in a statement on Tuesday (Oct 22).