Markets

Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm's recession forecast model showed a 58per cent chance of the economy being in a recession by mid-2020, and a 77per cent chance of one beginning in the next 24 months.

General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.

A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.

NEW YORK: Oil prices tumbled about 6 per cent on Tuesday (Sep 17) after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5 per cent of global oil output. Saturday's attacks raised the specter of a...

The Justice Department's antitrust division chief, Makan Delrahim, said Tuesday that its probes of big technology companies like Alphabet's Google were a "priority" that could result in either "law enforcement or policy options as solutions."

Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.

Actually, Apple’s launch last week showcased a brilliant new strategy, say the Singapore University of Social Sciences’ Dr Lau Kong Cheen and Dr Jimmy Wong.

NEW YORK: For the first time in more than a decade, the New York Federal Reserve Bank announced on Tuesday (Sep 17) it was pumping billions of dollars into financial markets to keep short-term interest rates in line with the Federal Reserve's target range. The operations - one early on Tuesday...

SINGAPORE is among the Asia-Pacific jurisdictions that saw an increase in tax revenues in 2017, says the OECD. As tax increasingly becomes a key factor to consider for business investments, companies must understand the tax systems in the jurisdictions that they have an interest in.

NEW YORK: Wall Street popped into positive territory late on Tuesday (Sep 17) after a largely flat trading day, with markets awaiting an interest rate decision from the Federal Reserve. Equities also recovered somewhat from the damage done a day before, when weekend attacks on Saudi oil facilities ...