International Business Machines Corp said on Thursday its long-time chief executive officer Ginni Rometty was stepping down from the role and will be succeeded by the head of its cloud business Arvind Krishna, effective April.
NEW YORK: Wall Street stocks finished higher on Thursday (Jan 30), advancing after the World Health Organisation declared the coronavirus an international emergency but did not recommend restrictions on the movement of people. Stocks had spent much of the session in the red, but pushed higher on ...
U.S. stocks fell on Thursday as the coronavirus epidemic raised fears of a further hit to China's economy, while weak earnings from Facebook and others added to the gloom.
Visa Inc reported a nearly 10per cent rise in quarterly profit on Thursday, as higher consumer spending during the holiday season boosted fees for the world's largest payment processor.
U.S. farm bankruptcy rates jumped 20per cent in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.
Investors hoping a late-2019 rise in oil prices will buoy energy stocks are likely to be disappointed when a raft of companies report results in coming weeks.
Financial vulnerabilities like high household debt could undermine central bank efforts to keep inflation in check, since they potentially limit the effectiveness of rate cuts, a top Bank of Canada official said on Thursday.
U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude "high-risk" suppliers from all parts of 5G networks.
Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed.
WASHINGTON: The US economy in 2019 expanded by the slowest rate since President Donald Trump took office as worsening trade friction undermined investment and exports, according to new government data released on Thursday (Jan 30). The US$21 trillion economy grew by 2.3 per cent compared to 2018 ...
