Wall Street suddenly appears confident America will avoid a recession
Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a "soft landing," i.e. no recession.
2023-07-27 19:51
Singapore Airlines profit nearly doubles on robust travel demand
(Reuters) -Singapore Airlines Ltd (SIA) reported a record first-quarter net profit on Thursday, nearly doubling, boosted by strong demand for
2023-07-27 17:55
Niger Soldiers Claim Military Coup After President Is Detained
Soldiers in Niger claimed to have seized control of the West African nation after President Mohamed Bazoum was
2023-07-27 14:19
HSBC to raise prime lending rate to 5.875% after Hong Kong rate hike
HONG KONG HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by
2023-07-27 12:56
HKMA ups rates, matching Fed, says banks' bad loans remain steady
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount
2023-07-27 10:58
Meta stock climbs after company posts 11% revenue growth
Meta's "year of efficiency" seems to be paying off. The Facebook-parent company on Wednesday reported revenue of $32 billion for its quarter ending in June, marking an 11% increase compared to the same period last year and beating Wall Street expectations.
2023-07-27 07:45
Mastercard demands US cannabis shops stop accepting debit cards
The issuer says its debit cards must not be used for legal cannabis, due to federal laws in the US.
2023-07-27 06:50
Canada: Prime Minister holds major cabinet shakeup
In seeking a fourth term, Justin Trudeau has overhauled his team ahead of Canada's next election.
2023-07-27 03:16
Prosecutors want Sam Bankman-Fried sent to jail after witness-tampering allegations
US prosecutors asked a federal judge to detain former FTX CEO Sam Bankman-Fried over allegations of witness-tampering.
2023-07-27 02:52
U.S. House spending bill clears procedural hurdle in party-line vote
WASHINGTON The first of 12 fiscal 2024 spending bills overcame a procedural hurdle in the Republican-controlled U.S. House
2023-07-27 02:23
In challenge to Tesla, major automakers launch EV charging network
A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle
2023-07-27 00:52
Seven major automakers, including GM, Stellantis and Honda, join to create US charging network
Seven major automakers are coming together to create a joint venture that will build out a large electric vehicle fast-charging network in the North America, in an attempt to make electric vehicles more attractive to consumers. The companies -- General Motors, BMW Group, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis -- plan to install at least 30,000 chargers in the United States and Canada.
2023-07-26 23:54