Markets

CBS Corp and sister company Viacom Inc have reached a working agreement on the combined company's leadership team, the Wall Street Journal reported on Friday, citing sources familiar with the matter.

A group of 12 states led by California and New York on Friday challenged the Trump administration's decision to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers that fail to meet fuel efficiency requirements.

U.S. Transportation Secretary Elaine Chao is set to grant tentative approval on Friday for an expanded transatlantic joint venture including Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic, a source briefed on the matter said.

Bank of England governor Mark Carney on Friday warned that a no-deal Brexit would be a shock for Britain, causing supply disruption and potentially undermining entire sectors of the economy such as the car industry and farming.

U.S. job growth likely slowed in July after outsized gains in the prior month, with wages probably maintaining their moderate pace of increase, which could boost market expectations for another interest rate cut from the Federal Reserve next month.

Deutsche Bank has set aside over 1 billion euros (US$1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.

The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China.

JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.

SINGAPORE: Singapore’s factory activity contracted for a third consecutive month in July as global trade uncertainties caused costly disruptions to the current supply chains of local manufacturers, according to data released by Singapore Institute of Purchasing and Materials Management (SIPMM) on ...

Deutsche Bank has set aside over 1 billion euros (US$1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.