China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG

The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure

2023-08-17 11:22

Turkey's Erdogan unveils new cabinet after inauguration

Turkey's Recep Tayyip Erdogan on Saturday unveiled a new cabinet lineup, naming a powerful spy chief as foreign minister and market friendly Mehmet Simsek as finance minister, hours after swearing in...

2023-06-04 04:19

CIA Chief Says Weaknesses Lie Behind Russian Defenses in Ukraine

US Central Intelligence Agency Director William Burns said Thursday that he remains optimistic Ukraine will be able to

2023-07-21 08:53

US court refuses FTC request to pause Microsoft deal for Activision

WASHINGTON A U.S. federal court rejected the Federal Trade Commission's request that it order Microsoft to temporarily hold

2023-07-14 08:17

SES’s Fifth and Sixth O3b mPOWER Satellites Successfully Launched

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Nov 12, 2023--

2023-11-13 08:18

Consumer price inflation rose more than expected in September

Price increases remained elevated in September as year-high gas prices drove inflation higher and heaped more pressure on consumers, according to new data released Thursday by the Bureau of Labor Statistics.

2023-10-12 20:45

Column-Investors favor Japan's rising sun over China's fading star: McGeever

By Jamie McGeever ORLANDO, Florida Long Japan, short China. If there is a general macro, relative value trade

2023-05-18 08:59

OpenAI stands by decision to fire Sam Altman despite pressure: US media

The board of ChatGPT creator OpenAI on Sunday rejected pressure from Microsoft and other major investors to reverse its stunning decision to fire CEO...

2023-11-20 15:23

Volkswagen is ready for Europe's 2035 fossil-fuel car ban - CEO

MUNICH (Reuters) -Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up

2023-09-04 18:22

Taiwan's TSMC to help train German students for semiconductor careers

Germany's Saxony state signed an agreement with Taiwanese chip giant TSMC on Tuesday to train German students in an effort to meet the growing demand...

2023-09-19 20:19

Analysis-Case builds for China's banks to cut deposit rates

By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE China's banks will cut deposit rates soon as part of efforts

2023-08-25 17:49

Qantas apologises after Aussie regulator's lawsuit alleging ticket sale on cancelled flights

Australia's Qantas apologised on Monday for its service standards falling short and acknowledged it was suffering reputational damage,

2023-09-04 10:28