Elon Musk's SpaceX will try again on Sunday to destroy one of its own rockets in a test of a crucial emergency abort system, a day after bad weather forced the company to delay its final milestone test before flying NASA astronauts from U.S. soil. If the test goes ahead, SpaceX'sRead more »
Finance minister Sajid Javid is aiming to roughly double Britain's underlying rate of economic growth after it leaves the European Union, but will not champion big manufacturing sectors that want to stick to EU rules. In an interview with the Financial Times before he travels to meet business leaders
HDFC Bank Ltd, India's largest private lender, on Saturday posted a nearly 33% jump in standalone net profit for the quarter to December helped by growth in its loans portfolio. HDFC Bank reported a net profit of 74.16 billion Indian rupees ($1.04 billion) for its third quarter, up from 55.86 billion
Resurgent commercial real estate activity in U.S. and growth in Asia in 2019; investment volumes expected to remain elevated in 2020 Global commercial real estate transaction volumes reached an all-time high of $800 billion, increasing 4% year-over-year and making 2019 the most liquid year on record.
Global pharmaceutical majors and generic drugmakers chopped by 53% on average prices of some of their off-patent products in the latest bidding round under China's national bulk-buy program, government officials said late on Friday. Beijing has been pushing forward the program where drugmakers have
China and Myanmar inked dozens of deals on Saturday to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbour increasingly isolated by the West. Analysts said Myanmar was generally cautious of investments by Beijing and was also being careful
Toshiba Corp said on Saturday it "could not confirm existence" of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past financial statements. The irregularities, which occurred over multiple years
Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the U.S. president faces an impeachment trial at home. Just days after Trump scored big victories by inking
Morgan Stanley Chief Executive James Gorman is receiving $27 million (20.75 million pounds) in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. The board, which decides the top executives
VANCOUVER/TORONTO (Reuters) - Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada's policy towards Iran, Meng's lawyers argued in court documents released on Friday
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. The S&P 500 has gotten off to a strong start in January
The world's financial sector should take rapid steps to address record or near-record inequality levels within countries that new research shows could be a harbinger of a new financial crisis, the head of the International Monetary Fund said Friday. IMF Managing Director Kristalina Georgieva issued
As yet another streaming service enters the heavily saturated space, one Wall Street analyst says consumers might be starting to feel streaming fatigue.
A rare 1948 Tucker is just one of the thousands of cars up for sale at the several Auctions underway this weekend in Scottsdale Arizona.
Judge Kenneth Powell of the Philadelphia Court of Common Pleas reduced the payout that a jury awarded Oct. 8 to the plaintiff Nicholas Murray, a Maryland resident. Lawyers for Murray have said the punitive damages award was the first in thousands of lawsuits against Johnson & Johnson's Janssen Pharmaceuticals
What does Shaquille O’Neal’s underwhelming ability to shoot free throws have to do with your ability to pick stocks? Everything, says Fundstrat's Tom Lee.
China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said. Sinopec, officially named China Petroleum & Chemical
St. Louis Federal Reserve President James Bullard expounded on what might comprise a "material reassessment" of the economic outlook, the Treasury yield curve, the central bank's framework review and more in a Reuters interview. Q - Interest rates are now on hold until what Chairman Jerome
Is it possible that market breadth is so good that it's bad? Absolutely! It's called being overbought from an internal standpoint -- and sometimes leads to a quick and dirty reset to the downside. But we also can rephrase this. "Is it possible that market breadth is so bad, that it's
The signing of a Phase 1 trade agreement between the United States and China will reduce - but not eliminate - uncertainty that has dampened global economic growth, International Monetary Fund Managing Director Kristalina Georgieva said on Friday. At an event at the Peterson Institute for International
A former Trump administration official says markets would prefer Joe Biden over more left wing Democrats who are running for president but that analysts and investors are overreacting.