Country Garden gets 'near-term reprieve' after bondholders agree to extend debt payment
Investors in embattled Chinese property giant Country Garden are breathing a collective sigh of relief Monday, after it reportedly won approval from creditors to extend a major bond payment to avoid default, in a development that analysts say will give the firm some badly needed respite.
2023-09-04 14:45
Student loan interest resumes Friday and payments restart in October. Here's what borrowers should know
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
2023-08-31 18:29
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:15
Millions of salaried workers would get overtime pay under Biden administration proposal
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
2023-08-31 03:24
Kleenex is pulling out of Canada due to 'unique complexities'
Kimberly-Clark is pulling its consumer facial tissues from Canada, citing “unique complexities".
2023-08-26 03:23
Vietnam joins Southeast Asian effort on cross-border payments
JAKARTA Vietnam's central bank signed an agreement on Friday to be part of an initiative by five other
2023-08-25 12:15
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
LONDON Pay deals awarded by British employers cooled for the first time this year in the quarter to
2023-08-23 07:22
US energy firm payouts to oil investors top exploration spending for first time
HOUSTON Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested
2023-08-22 19:20
Traders Bet ForgeRock Deal Likely to Succeed Before DOJ Decision
Traders are betting ForgeRock Inc.’s proposed sale to Thoma Bravo LLC is more likely to go through than
2023-08-22 03:50
NY Fed finds record wage expectations in July consumer survey
By Michael S. Derby NEW YORK American workers’ expectations for pay surged in July, even as those same
2023-08-21 23:16
Starbucks must pay another $2.7 million to employee who said she was fired for being White
A New Jersey court ordered Starbucks to pay an additional $2.7 million to a former employee who successfully sued the company for wrongful termination, claiming she was fired for being White.
2023-08-18 00:20
Central banks of Indonesia and Singapore start trial on cross-border QR code payments
JAKARTA Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with
2023-08-17 10:53