A top U.S. accounting watchdog has brought only 18 enforcement actions and levied just US$6.5 million in fines against the Big Four accounting firms in its 16-year existence, according to a study published on Thursday.
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) at a little over US$20 billion, less than half the US$47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday....
The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury's holdings in the two firms.
NEW YORK: Wall Street stocks rocketed higher on Thursday (Sep 5) following news that the United States and China will resume high-level trade talks in October, raising hopes of possible progress in the trade war. The gains also came after data showed increased private-sector hiring in August and ...
General Motors Chairman and Chief Executive Officer Mary Barra said her face-to-face session with U.S. President Donald Trump on Thursday was "productive and valuable," but declined to offer specifics.
Argentina's likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.
Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as US$850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.
Mexico has made the first moves to launch its annual US$1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.
Shares of Slack Technologies Inc recovered initial losses to trade just 2per cent lower on Thursday, after the workplace messaging firm's first quarterly report as a public company beat expectations while warning of slowing growth.
A federal appeals court on Thursday threw out a US$26.9 million award in favor of Sprint Corp , in a setback to the company's years-long campaign to stop what it calls cellphone trafficking.
