Asian shares rise after record highs on Wall Street
Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after U.S. Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the U.S. economy and job growth.
U.S. stock futures hit record high following speech from Fed’s Powell
U.S. stock futures hit a record high early on Monday in Asia after U.S. Federal Reserve Chairman Jerome Powell said on Friday that a gradual approach to raising rates remains appropriate to protect the U.S. economy and job growth.
Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes
Tesla Inc Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said.
Mexico, U.S. likely ‘hours’ away from agreement on NAFTA: minister
U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) but work with Canada is likely to stretch into September, a top Mexican official said on Sunday.
Mexico minister says can’t declare NAFTA victory yet
Mexico’s Economy Minister Ildefonso Guajardo said on Sunday that he couldn’t yet declare victory in bilateral talks with the United States over the North American Free Trade Agreement (NAFTA).
Chinese authorities say Didi bears ‘unshirkable responsibility’ for passenger’s death
China’s police and transport ministry said on Sunday the country’s largest ride-hailing firm Didi Chuxing had “unshirkable responsibility” for a ride-sharing passenger being raped and killed by a driver in the eastern city of Wenzhou.
China’s Didi suspends Hitch ride-sharing service after passenger killed
China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a dri…
Powell sets Fed’s course with data-based judgment
Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can be false guides.
China’s Didi suspends Hitch ride-sharing service after female passenger killed
China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a dri…
Venezuela’s PDVSA files appeal against Crystallex court ruling
Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) said on Saturday it filed an appeal requesting that a Delaware court vacate a decision on Aug. 23 granting Canadian miner Crystallex the right to seize its U.S. assets.
