Markets

NEW YORK: For the first time in more than a decade, the US central bank this week stepped into financial markets to keep interest rates on short-term lending from popping above its target range. The New York Federal Reserve Bank conducted money market interventions on Tuesday (Sep 17) and...

WASHINGTON: Iran's supreme leader Ayatollah Ali Khamenei approved last weekend's attack on Saudi Arabia's oil infrastructure, CBS News reported Wednesday (Sep 19), citing an unnamed US official. The report came after US Secretary of State Mike Pompeo, flying to the kingdom, called Saturday's ...

Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so.

HONG KONG: The Hong Kong Monetary Authority (HKMA) cut interest rates for the second time this year on Thursday (Aug 19) and sought to lower borrowing costs for small businesses, as the economy took a knock from months of anti-government protests and fallout from US-China trade tensions. HKMA ......

WELLINGTON: New Zealand's economic growth slowed to a five-year low in the 12 months to June, official data released Thursday (Sep 19) showed, fuelling expectations further interest rate cuts are imminent. Statistics New Zealand said the economy expanded 0.5 per cent in the April-June quarter ...

U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers.

Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant.

Huawei launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.

OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents.

Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious.